>So you're suggesting that despite years of education and learning from mistakes, investors never learn from their past mistakes Investors learn that the best

>So you're suggesting that despite years of education and learning from mistakes, investors never learn from their past mistakes Investors learn that the best bets are betting on being too big to fail, or being risky as possible to get a massive short term profit and then retiring. (Or alternatively, being hired to clean up the mess you made ala Geithner) These are human beings working for corporations. They have limited liability. They get no benefit by being safe, but have all the incentive in the world to do stupid things that will make several million in bonuses today.