Bad bubble behavior
William Bernstein on mass manias and human nature
The New Bazaar · Economic Innovation Group
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Show Notes
In The Delusions of Crowds, finance theorist William Bernstein writes about some of the famous financial bubbles and religious manias of the past. He joins Cardiff to discuss the connection between these two kinds of events, why humans are so susceptible to mass manias, the good that sometimes comes from a financial bubble, and how we can all spot the visible signs of manias when they arise.
Links from the episode:
- The Delusions of Crowds: Why People Go Mad in Groups (https://tinyurl.com/95ff3emt)
- A Splendid Exchange: How Trade Shaped the World (https://tinyurl.com/kn6pdr7k)
- The Birth of Plenty: How the Prosperity of the Modern World was Created (https://tinyurl.com/v8mw4be2)
- Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeane
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