Bad luck Quote by Fred Schwed Jr
““The indignation school of writers never tires of pointing out the millions that are stolen in the Street. But while the millions are being stolen, the billions are being lost. Nothing crooked—just bad luck and bad brains met together in an effort to do something that couldn’t be done in the first place.””
About This Quote
Source Book: Wall Street: A History by Charles R. Geisst, 2007
The quote critiques how minor thefts are highlighted while massive systemic failures go unnoticed, blaming incompetence and misguided ambition.
In simple terms: People focus on small crimes, ignoring larger systemic problems.
Key Takeaway
Address systemic issues, not just symptoms.
Themes
economics
corruption
systemic risk
accountability
mismanagement
Mood
critical
skeptical
Type
analytical
cautionary
When to use this quote
- regulatory reform
- corporate governance
- public awareness
- risk assessment
Key Concepts
financial systems
human error
organizational failure
Questions to Reflect On
- What larger forces enable systemic loss?
- How can we shift focus from small thefts to big failures?
A Different Perspective
It may oversimplify complex economic dynamics to mere bad luck.
![“Indignation leads to the making of poetry. [Lat., Facit indignatio versum.]” quote by Juvenal](https://sms4smile.com/quotes/img-quotes/f61/juvenal-918_indignation_indignation-leads-to-the-making-of-poetr_43480.jpg)
