Top 10 Financial Collapses of 2008

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.

Author: Matt Hern

Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia's Top 50 Financial Planners by The Australian Financial Review Smart Investor. He is passionate about guiding you on the right financial choices to achieve what you really want. Matt Hern is an Authorised Representative of Charter Financial Planning Limited AFSL 234665. All information is general advice only.

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