"But when someone is on a winning horse, and everything looks wonderful, it's very hard as an outsider to persuade them something is wrong"

The quote by James Wolfensohn is a metaphorical observation about humanity, success, and understanding. It uses the images of someone riding a "gaining horse" to communicate a situation where a private or a group is experiencing success or good fortune. In such circumstances, everything "looks terrific", suggesting that the success causes a sense of optimism and self-confidence.

The expression "on a winning horse" suggests a position of triumph or advantage, as though the individual is in control of or gaining from a favorable and successful endeavor or situation. The metaphor of the "winning horse" stimulates a sense of momentum and inescapable success, enhancing the idea that the person feels they are on a course that can not fail.

The difficulty, as kept in mind by Wolfensohn, lies in the function of the "outsider"-- someone who is not directly involved in the scenario but who perceives potential dangers or concerns. When one is indulging in success, it can produce a bubble of viewed invincibility or infallibility, making it "really tough" for outsiders to convey cautionary perspectives. This reflects a typical psychological phenomenon where success can breed complacency or overconfidence, potentially blinding people to underlying issues or challenges.

The quote underscores the difficulty of observing external suggestions or criticism when everything seems to be working out. It highlights the natural human propensity to focus on positive outcomes and dismiss or ignore unfavorable signals. This can be bothersome, as the absence of vital assessment might result in unanticipated consequences or missed out on chances for improvement.

Eventually, Wolfensohn's insight acts as a tip of the value of preserving a balanced and open viewpoint, even in times of success. It suggests the value of listening to outdoors viewpoints and staying vigilant to potential problems, acknowledging that success can in some cases obscure important insights.