Lessons from the 1990s crash have not been learnt

Leader

It has taken just three years and already product providers and investors might be beginning to forg...

It has taken just three years and already product providers and investors might be beginning to forget some of the most valuable lessons the crash threw at them. In retrospect, what went wrong in the late 1990s looks obvious and most institutions and investors comfort themselves they will not repeat the errors in future. In essence, providers and investors alike expected unrealistically high returns, ignored or did not even recognise the potential risks and cloaked their poor decisions in great wads of comforting jargon they did not understand and could not explain. Are the same mistakes ...