Finance system forgets mistakes of the past

Finance system forgets mistakes of the past View Gallery
Irish Investors are starting to rear thier heads again Picture: iStock Getty

Learnings that become ingrained are usually best if they are born of hard lessons from past experience. Observing the recent evolution of Irish investors’ behaviour and that of their financiers, my sense is that lessons have been learned. But are they well-ingrained?

Certainly, those most scarred by excessive debt must have learned a lesson about the risks of leverage, given the way the deep recession here from 2008 to 2014 scarred a huge swathe of...

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