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<strong>in</strong>appropriate risks, like the formerchief executive <strong>of</strong> Citigroup, ChuckPr<strong>in</strong>ce, a former lawyer who maderisky loans <strong>in</strong>to a fall<strong>in</strong>g market because,he said, “as long as the music isplay<strong>in</strong>g, you’ve got to get up anddance.”“People who are <strong>in</strong>itially cautious be<strong>com</strong>emore aggressive,” observesBoyk<strong>in</strong> Curry <strong>of</strong> this phenomenon.“<strong>The</strong>y say, ‘Hey, the more aggressivepeople are gett<strong>in</strong>g promoted and I’mnot, so I’m go<strong>in</strong>g to be more aggressivetoo.’ ”501/929But stories <strong>of</strong> f<strong>in</strong>ancial crises <strong>of</strong>ten conta<strong>in</strong>subplots about people who famously(and pr<strong>of</strong>itably) saw them <strong>com</strong><strong>in</strong>g—andsuch tales tend to feature just

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