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Pivotal is a newsletter of long-form essays about data, finance, AI, and startups. Its themes include the economics of technology; the ubiquity of data; and the intersection of finance and AI. Click to read Pivotal, by Abraham Thomas, a Substack publication with thousands of subscribers.

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Visit pivotal.substack.com → RSS feedOn Hacker News Feb 2022 – May 2024

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Minsky Moments in Venture Capital

Markets rise, and markets fall. This much, at least, is well-known. But why do market cycles occur? What causes the pendulum to swing from euphoria to crisis and back? Hyman Minsky was a 20th-century economist whose ‘financial instability hypothesis’ is probably the best-known explanation for the boom and bust cycles…