Top posts

Every blog post that took off on Hacker News, ranked by the votes of its best submission. 6,153 posts.

Any topic
2022
4967

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…