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Investing - Theory, News & General • William Bernstein On the Financial Industry

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We live in a fallen world, even the best of human institutions are far from perfect because the people that populate those institutions are vastly imperfect.
Indeed, nedsaid. C.S. Lewis could have been talking about the modern financial industry when he said:

"That is the key to history. Terrific energy is expended — civilizations are built up — excellent institutions devised; but each time something goes wrong. Some fatal flaw always brings the selfish and cruel people to the top and it all slides back into misery and ruin."

Fallen world, indeed.

Statistics: Posted by Charles Joseph — Sat Mar 09, 2024 7:20 pm — Replies 46 — Views 4412



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