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Quiet: The Power of Introverts in a World That Can ... - WordPress.com

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Disda<strong>in</strong> for FUD—and for the type <strong>of</strong>person who tends to experience it—iswhat helped cause the crash, saysBoyk<strong>in</strong> Curry, a manag<strong>in</strong>g director <strong>of</strong>the <strong>in</strong>vestment firm Eagle Capital, whohad front-row seats to the 2008 meltdown.Too much power was concentrated<strong>in</strong> the hands <strong>of</strong> aggressive risktakers.“For twenty years, the DNA <strong>of</strong>nearly every f<strong>in</strong>ancial <strong>in</strong>stitution… morphed dangerously,” he toldNewsweek magaz<strong>in</strong>e at the height <strong>of</strong> thecrash. “Each time someone at the tablepressed for more leverage and morerisk, the next few years proved them‘right.’ <strong>The</strong>se people were emboldened,they were promoted and they ga<strong>in</strong>edcontrol <strong>of</strong> ever more capital. Meanwhile,anyone <strong>in</strong> power who hesitated,who argued for caution, was proved‘wrong.’ <strong>The</strong> cautious types were <strong>in</strong>creas<strong>in</strong>gly<strong>in</strong>timidated, passed over for472/929

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