30 years: Capital markets & investment banking
In this first part of the series on market bubbles, Peter explains what market bubbles are and how they form by referencing Hyman Minsky's five stages of a market bubble.
In this first part of the series on market bubbles, Peter explains what market bubbles are and how they form by referencing Hyman Minsky's five stages of a market bubble.
3 mins 33 secs
Market bubbles are caused when optimism around an asset drives the price well above a rational valuation. Bubbles often start with excitement and end with panic.
Key learning objectives:
Define a market bubble
Understand the five stages of a bubble
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