“If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.”
Quote by Niall Ferguson
Author
Niall Ferguson
Niall Ferguson is a prominent historian specializing in the history of the British Empire, financial history, and global history since 1800. He has authored numerous books and held academic positions at Harvard University and the University of Oxford. more
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