Lloyd Blankfein - The improbable will happen

Once you think that something is improbable and everybody thinks it, people modify their behavior in a way that makes it more probable. Everyone thought it was so improbable that so many people would default on real estate, it actually created a greater probability that it would happen because more capital flowed into that sector.

- Lloyd Blankfein - Topics: Banking System, Stock Market, Wall Street.

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