In 2007, [David] Tuckett interviewed dozens of fund mangers at top investment banks around the world.
Under crushing pressure to perform, they blocked out the risk factor and convinced themselves, day in and day out, that they had had the keys others were groping for.
“The ‘Master of the Universe’ really does believe in his own invincibility,” Tuckett said. “Even though many of the traders I interviewed told me ‘this boom can’t go on forever’, they kept on investing in it.”