Minsky Moment
A Minsky moment describes the abrupt reversal that can occur when a long period of stability encourages greater leverage and risk-taking until confidence breaks
A Minsky moment describes the abrupt reversal that can occur when a long period of stability encourages greater leverage and risk-taking until confidence breaks
Leverage ratios and role clarity determine firm profitability and client impact
Wealth, money and status are different games. Naval Ravikant explains how to win the wealth game.