John Kenneth Galbraith studied every speculative mania between the Tulip Bulb bubble of 1636-7 and the 1987 crash. While each episode had unique external circumstances, he found that their underlying psychology was remarkably similar. Galbraith found all manias begin when:
Financial Euphoria
Financial Euphoria
Financial Euphoria
John Kenneth Galbraith studied every speculative mania between the Tulip Bulb bubble of 1636-7 and the 1987 crash. While each episode had unique external circumstances, he found that their underlying psychology was remarkably similar. Galbraith found all manias begin when: