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RE: Venture Capitalism And The Minsky Moment
Fascinating. I've not come across Minsky before. I often wonder about these tech companies which have very little assets, infrastructure, or employees - they often don't even break even let alone turn a profit and then suddenly they develop multibillion dollar valuations overnight. It has a distinctly "Emperor's New Clothes" feel to it. Indeed I think that story is about one of the original Minsky Moments!