Time Magazine has published its list of the Top 10 Financial Collapses for 2008. The list is interesting, but I most liked the commentary about what contributed to each collapse. Hindsight is a wonderful thing, and it makes it easy to criticise what now appears as stupidity. So I applaud courageous people like Alan Greenspan who at least publicly acknowledged that he got it wrong.
The other great thing about hindsight is that it presents a wonderful opportunity to learn. The key is to implement the lessons so we avoid getting caught out again.
What have you learnt from what you have observed and experienced in 2008? Please share it with me in the comments below.