If you look back to the most spectacular blow ups in history, you can always tie them to a couple things: They were extraordinary complicated strategies that maybe even the practitioners themselves didn't understand, and they were overleveraged. (James O'Shaughnessy)

If you look back to the most spectacular blow ups in history, you can always tie them to a couple things: They were extraordinary complicated strategies that maybe even the practitioners themselves didn't understand, and they were overleveraged.

James O'Shaughnessy

Related topics

blow couple extraordinary history maybe spectacular tie things ups

Related quotes

So with each advance in understanding come new questions. So we need to be very humble. We shouldn't have hubris and think that we can understand everything. But history tells us that there is good reason to believe that we will continue making fantastic progress in the years ahead.

Max Tegmark

In our struggle to understand the history of life, we must learn where to place the boundary between contingent and unpredictable events that occur but once and the more repeatable, lawlike phenomenon that may pervade life's history as generalities.

Stephen Jay Gould

The absence from the Dead Sea Scrolls of historical texts proper should not surprise us. Neither in the inter-Testamental period, nor in earlier biblical times, was the recording of history as we understand it a strong point among the Jews.

Geza Vermes

For most of the history of our species we were helpless to understand how nature works. We took every storm, drought, illness and comet personally. We created myths and spirits in an attempt to explain the patterns of nature.

Ann Druyan

History is not written as it was experienced, nor should it be. The inhabitants of the past know better than we do what it was like to live there, but they were not well placed, most of them, to understand what was happening to them and why.

Tony Judt