2min chapter

The Joe Walker Podcast cover image

Housing Bubble Week: A Philosophy Of Bubbles - Timo Henckel

The Joe Walker Podcast

CHAPTER

The Psychology of Bubbles

People to people connections are fascinating and they're the sinews like the lifeblood of bubbles. I mean, when I went to my ex-partners' barbecues in WA 15 years ago or 10 years ago during the mining boom, that was a topic of conversation. And it doesn't sound like a very scientific way of collecting information, but this kind of anecdotal evidence short of having any hard numbers is actually not that inaccurate. No. But so what you're saying is this psychological dimension of bubbles, you know, in seeking to understand it, we should just listen to what people are literally saying to each other. Absolutely.

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