While it will be desirable to achieve planned results, it will be even more important to avoid unplanned disasters. - John Kenneth Galbraith

There can be few fields of human endeavor in which history counts for so little as in the world of finance.

The euphoric episode is protected and sustained by the will of those who are involved, in order to justify the circumstances that are making them rich. And it is equally protected by the will to ignore, exorcise, or condemn those who express doubts.

But there is still a considerable difference between a failure to do enough that is right and a determination to do much that is wrong.