Empathy encourages people to take more risk when markets are booming, and this tendency to take on excess risk during good times turns out to bite them when crisis arrives.
causalpending
Speaker
William BernsteinEvidence Quote
“empathy basically encourages you to take more risk when the sun is shining and that turns out to turns around to bite you when the storm clouds gather”
Created: 8/10/2026, 11:00:47 PM
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