Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Navigating the seas of responsible investment (RI) over the past few years hasn’t exactly been plain sailing. Many would agree that, as an industry, we could have taken advantage of the opportunity of RI’s Golden Era in 2019/20 to better inform investors about the inherent characteristics and biases of these investments. Instead, an easier, more appealing narrative was often shared:…