Bankers Quote by Ashlee Vance
““All the bankers did was copy what everyone else did. If everyone else ran off a bloody cliff, they’d run right off a cliff with them. If there was a giant pile of gold sitting in the middle of the room and nobody was picking it up, they wouldn’t pick it up, either.””
About This Quote
Source Book: Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, 2015
Banks follow herd behavior, missing unique opportunities.
In simple terms: Banks copy others and avoid risk.
Key Takeaway
Question conventional wisdom in finance.
Themes
finance
herd behavior
risk
Mood
critical
inquisitive
Type
nonfiction
analytical
When to use this quote
- investment strategy
- market analysis
- entrepreneurship
- risk management
Key Concepts
economics
behavioral finance
Questions to Reflect On
- Why do institutions resist unconventional ideas?
- How can you identify untapped opportunities?
A Different Perspective
Risk aversion can limit innovation.
![“What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.” quote by Rush Limbaugh](https://sms4smile.com/quotes/img-quotes/f15/rush-limbaugh-28_bankers_what-i-think-is-bugging-this-guy-steven_28590.jpg)
