Bubbles and Human Emotion
The difficulty of forecasting bubbles is highlighted, with the consensus that their identification only comes after a decline in prices. Historical examples, like tulip mania, reveal how human fascination with wealth and disaster shapes our understanding of economic phenomena. The conversation delves into the allure of bubbles, rooted in timeless human stories and emotions, questioning the true value of assets that seem accessible yet are perceived as rare treasures.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep25 “Bubble Trouble” with Will Goetzmann
Related Questions