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muriel_volestrangler

(106,521 posts)

16. I was at university with her

Sun May 3, 2026, 02:04 PM

Sunday

She studied anthropology, but ended up working for the Financial Times. In 2006 and 2007, she realised that the world of finance was fooling itself that collateralized debt and similar things were something they understood well, and everything in finance was going great, although they didn't really know what they were doing (it's not that she did, but she could recognise people who were overconfident in their knowledge). After she wrote about it, the bankers lined up at Davos to say she had no idea, she was just an anthropologist etc. And within the year, the markets crashed.

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