Lloyd Blankfein, the head of investment bank Goldman Sachs, was interviewed in the weekend edition of The New York Times about what lessons he drew from the financial crisis. His answer is given below:
“I learned about the importance of making sure that everyone in the organization interprets his job or her job expansively. That everybody’s looking at his or her neighbor. Because what you want to get is a lot of opinions. People can get trapped by their context. The nature of a bubble is that people who are in it can’t see or else it would never have occurred.”
Learn about another kind of bubble, what causes it, and who has risen above it.