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— Nassim Nicholas Taleb"Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms."
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The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
— James Surowiecki
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If you are in banking and lending, surprise outcomes are likely to be negative for you.
— Nassim Nicholas Taleb
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