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About this quote

What does it mean?
The author tells a joke about a bank run showing contradictory logic when institutions fail.
In plain terms
People panic when banks fail.
What can you take from it?
Fear drives irrational financial behavior.

Where it applies

  • financial crisis
  • banking
  • economic behavior

Putting it to work

  • manage panic
  • assess risk
  • understand crowds

Questions to consider

  • Why do people panic during bank failures?
  • Is this logic universal?

Another view

It simplifies complex economic crises into a single punchline.

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