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879/929CHAPTER 7: WHY DID WALL STREET CRASH ANDWARREN BUFFETT PROSPER?1. Just after 7:30 a.m.: Alan’s story and thedescription <strong>of</strong> Dorn and her house arebased on a series <strong>of</strong> telephone and e-mail<strong>in</strong>terviews with the author, conductedbetween 2008 and 2010.2. F<strong>in</strong>ancial history is full <strong>of</strong> examples:<strong>The</strong>re are also many examples from militaryhistory. “Hurrah, boys, we’ve gotthem!” General Custer famously shouted atthe battle <strong>of</strong> Little Bighorn <strong>in</strong> 1876—justbefore his entire unit <strong>of</strong> two hundred menwas wiped out by three thousand Sioux andCheyenne. General MacArthur advanced <strong>in</strong>the face <strong>of</strong> repeated Ch<strong>in</strong>ese threats <strong>of</strong> attackdur<strong>in</strong>g the Korean War, cost<strong>in</strong>g almost2 million lives with little strategic ga<strong>in</strong>.Stal<strong>in</strong> refused to believe that the Germanswould <strong>in</strong>vade Russia <strong>in</strong> 1941, even aftern<strong>in</strong>ety warn<strong>in</strong>gs <strong>of</strong> an impend<strong>in</strong>g attack. SeeDom<strong>in</strong>ic D. P. Johnson, Overconfidence and

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