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Banker Quote by Anonymous

“A sound banker is not one who foresees danger and avoids it,” wrote John Maynard Keynes, “but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.” quote by Anonymous
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““A sound banker is not one who foresees danger and avoids it,” wrote John Maynard Keynes, “but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.””

Anonymous

About This Quote

Source Book: The General Theory of Employment, Interest and Money, John Maynard Keynes, 1936

Keynes argues that a banker’s ruin is conventional when shared with peers, making blame impossible.

In simple terms: Shared ruin removes blame.

Key Takeaway

Recognize systemic risk in finance.

Themes

economics risk collective responsibility

Mood

analytical critical

Type

economic philosophical

When to use this quote

  • banking regulation
  • risk assessment
  • financial crises
  • policy making

Key Concepts

systemic risk financial interdependence

Questions to Reflect On

  • How does collective failure affect personal accountability?
  • What safeguards can prevent shared ruin?
A Different Perspective

Individual actions still matter within systems.

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