Best Financial Crisis-Related Quote

Michael Lewis, the man who wrote a book you may have heard of called “The Blind Side”, has another book out on the financial crisis. “The Big Short: Inside the Doomsday Machine.”

The book kicks off with a quote from Leo Tolstoy. See how closely you think this applies to the freewheeling financial executives who threw Econ 101 out the window and almost wrecked credit markets around the globe:

“The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.”