Bubbles and Manias, Panics and Crashes


10:10 AM - 11:50 AM

3/15, 3/22, 3/29, 4/5

Bubbles and Manias, Panics and Crashes:  A Short History of Investor Irrational Exuberance

What are investment bubbles? How can we recognize them? What are the conditions necessary for their creation?  Do they always end in panics or crashes, or can they merely deflate?  From tulip bulbs to crypto-currencies like bitcoin, we examine investment bubbles and manias. We also look at how they end and consider ways to avoid investing in bubbles and their inevitable collapse.

4 sessions starting Friday, March 15 at 10:10am


Syllabus: Bubbles & Manias, Panics & Crashes:
A Short History of Investor Irrational Exuberance
Ted Wolff,

  • What are investment bubbles and why do they develop?
  • What are the characteristics of investment bubbles?
  • How do bubbles end—with a bang or a whimper?
  • How do investors get pulled into investing in a bubble?

Facilitator: Ted Wolff

Ted Wolff earned a BA from Beloit College, an MA from Western Michigan University and was a Fulbright Fellow in Germany in 1978.  Ted has over 30 years’ experience on Wall Street as an equity fund manager.  He has taught classes on investing, financial issues in retirement and behavioral finance at LLI.