Season 1

March 20, 2023

SVB: Damned by Duration

In recent episodes we’ve been boasting ”if there’s a bubble that burst, we pricked it first” but events at SBV caught us off guard. This bubble burst before our eyes and now the one word on the market's lips is …

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March 13, 2023

Mobile Bubbles in Barcelona

This week we free-ride off Richard’s travels, meaning he mingled with over 100,000 Telco executives so we didn’t have to. When you gather the population of a small city into a conference venue for a whole week, there’s got to …

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March 6, 2023

Sucking on Subsidies

This week, sucking on subsidies. Government grants, fat contracts, tax credits, state aid, all the cash a company didn't generate on its own. Does it help? Or does it stoke up problems for a future date? (Repeat from October, 2021.)

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Feb. 27, 2023

Inflation: The Hope Parade

This week,we’re going to be discussing - read arguing - if the price is right. We’re back to that topic of inflation, where Will has been a self-proclaimed dove over recent months. Well the doves need to fly off as …

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Feb. 21, 2023

First Cut is The Deepest

This week’s episode will “cut like a knife” (pun intended) in that we’re going to make sense of the headcount reductions and cost-cutting strategies we’re witnessing across tech large and small. First cut is the deepest, sung by Cat Stevens, …

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Feb. 6, 2023

Troubles with Podcast Bubbles with guest Lauren Jarvis

This week we look into the spectacular rise and potential plateau of a not so new medium...our very own: the podcast. Staying power or flash in the pan? Hit driven or long tail smorgasboard of choices.

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Jan. 30, 2023

A Call for Activism

This week, we look at that special ‘class’ of investors who are busy raising their heads again to challenge management in a time of turmoil - the activist. Who are they, what gives them power and when they wield that …

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Jan. 23, 2023


We don't do shameless plugs here on Bubble Trouble, but we're making an exception for our esteem co-host Will Page on the publication of the paperback edition of Tarzan Economics, renamed Pivot: Eight Principles for Transforming your Business in a …

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Jan. 2, 2023

Has Innovation Moved The House? with guest Dror Poleg

One of the giant bubbles of the last decades has been real estate, and for this week's episode we’re looking forward, not backward, with Dror Poleg, an economic historian and an inspirational thinker who is figuring out how we work, …

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Dec. 19, 2022

Conversation with a Virtual Llama Owner with guest Clément Pouget.eth…

In our last new episode of 2022, we talk with Clément Pouget.eth-Osmont, whose post on LinkedIn mocking the dubious NFTs ratcheted up a record 8 million impressions. We ask: Where do NFTs go from here?

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Dec. 12, 2022

Chokepoint Capitalism with Cory Doctorow Part Two

Today we have our second episode with Cory Doctorow, co-author of Chokepoint Capitalism. In this second installment, we dig deep into copyright and how artists can take back control of their precious works.

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Dec. 5, 2022

Chokepoint Capitalism with Cory Doctorow Part One

Today we welcome the author of Chokepoint Capitalism Cory Doctorow over two episodes. In this first installment, we focus on market structures.

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Nov. 28, 2022

NFTs - They're Not For Me

This episode, we'll get Will Page’s impressions of the bubbles gathering around that island and what tsunami warning horns ought to be blaring when we talk about NFTs. (Repeat)

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Nov. 21, 2022

The Bubbles are Already Bursting with Sir Martin Sorrell

This week we continue our exploration of the bait of all click baits, the bandwagon that's traveling across the internet, that is The Metaverse. We're gonna move our dialogue up a gear with our very special, legendary guest, Sir Martin …

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Nov. 14, 2022

Music’s Worth $40bn

This week Will’s out of his bat cave and produced his annual global value of music copyright which - when rounded up - would hit $40bn. That means all the worlds music is worth almost as much as Twitter.

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Oct. 31, 2022

Right of Reply: The Future of the Free Press

This week we give the right of reply to an earlier episode (BT 49: Newspaper Subscriptions Versus Music Subscriptions) that raised more than a few hackles in the publishing community and opened a can of worms. Our guest is James …

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Oct. 25, 2022

Can't Truss It

There are bubbles in politics just like there are in markets, and we're going to talk today about how the markets look at bubbles bursting in the political sphere, what they make of them, and whether this spells more trouble …

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Oct. 17, 2022

When the Levee Breaks

This week we want to take stock of the central banks and the hiking interest rates. Those rates are still way behind the rate of inflation. So what does that all mean for bubbles?

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Oct. 3, 2022

The Downfall of Wirecard with Dan McCrum (Part Two)

This week, the second of two episodes with Dan McCrum of the Financial Times about his investigative reporting into the massive fraud at the German financial firm Wirecard.

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Sept. 26, 2022

The Downfall of Wirecard with Dan McCrum

This week we have the first of two episodes with Dan McCrum of the Financial Times about his investigative reporting into the massive fraud at the German financial firm Wirecard.

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Sept. 19, 2022

Summer Troubles, Autumn Bubbles

As we're all back from our holidays this week is just Will and Richard trading postcards, anecdotes, and observations of what they've seen during our time away.

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Sept. 12, 2022

How Good is Goodwill?

This week we get to the good, the bad and the ugly of "goodwill," how it's supposed to be used and how it can often be abused in bubble trouble.

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Aug. 22, 2022


We're back to blowing bubbles, the original source of this inspirational podcast, and we deep dive into the force that's driving markets to record highs. Peak FOMO, fear of missing out. (Repeat)

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Aug. 15, 2022

Achieving Presence: More Meta-Troubles with Seth Gerson

On this episode, we’re going to keep this deep dive on the metaverse going with another doer, not a thinker--a three-stripe veteran of the gaming industry whose career dates back to Sega in the early 90’s, Survios CEO Seth Gerson.

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Aug. 8, 2022

Newspaper Subscriptions Versus Music Subscriptions

This week we talk about subscriptions, specifically how the subscription business model in newspapers struggles, while half a billion people are willing to pay subscription fees for music.

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Aug. 1, 2022

Metaverse Perceptions versus Reality

This week we're gonna blow the halftime whistle on our travels into the metaverse on Bubble Trouble. Today Will quizes Richard: Is the metaverse the next big thing? Or are we back in bubble trouble? What's the perception and where's …

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July 25, 2022

Metaverse...Curb Your Enthusiasm with Eric Kress

This week we continue to deconstruct the metaverse with our brilliant Eric Kress of Gossamer Consulting Group, an independent research boutique that provides investors and industry clients with primary research on console mobile and other related technology companies.

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July 18, 2022

The Metaverse and Virtual Experiences with AmazeVR's Ernest Lee

We’re going to keep this deep dive on teh Metaverse going with a doer, not a thinker - someone with skin in the game, bacon not eggs! AmazeVR had longer queues at SXSW than any live band and there’s a …

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July 11, 2022

Hyper-competition in Advertising with Mike Follett

On this episode, we're in conversation with our third special guest, the source of truth and the mad men and women of advertising, Mr. Mike Follett. The point where quantity goes up and quality goes down, we call that hyper …

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July 4, 2022

Meta-Troubles with guest Yoshio Osaki

This week, and in coming weeks, the Bubble Trouble team will turn our attention to the phase dejour, the bait of all click baits, the mother of all bubbles--the Metaverse. We’re going to begin this deep dive at the beginning …

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June 28, 2022

This Year's Vanilla: Our Conversation with the FT's Brooke Masters Pa…

We're back with more of our conversation with Brooke Masters, the Chief Business Commentator and Associate Editor of the Financial Times.

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June 20, 2022

Crypto's Collapse

This week we salvage what's left of the crypto bubble and delve into the recent dollar devaluations of stable coins with our guest Kenny Estes, founder of Diffuse Digital.

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June 6, 2022

Dry Powder

Today we will not be powdering your nose, but be sprinkling our conversation with a little dry powder. That's cash or marketable securities that look like it's low risk and highly liquid and convertible to cash, but needs to be …

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May 30, 2022

Shark Fins

This week we're going to be jumping the shark. That is we're going to be looking at why tech companies and their success, their growth, their user numbers often resemble a shark fin: how they scale up really fast, then …

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May 23, 2022

Buy. Borrow. Die.

Today, we're treading deep in some chicken sh*t with Propublica investigative journalist Jesse Eisenger.

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May 16, 2022

Muscles in Brussels

Recently, in the most European city of Brussels, there was mingling with the finest folks in competition law and economics. They were all trying to figure out if, and how, tech should be regulated. Will and Richard discuss.

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May 9, 2022

Analyst Notes, The Black Art of Price Targeting, and Twitter with gue…

Today, we target those analysts notes that tell us what they think the price should be and how much faith we should put in that moving target. We have Aman Verjee who served as a VP of Paypal from 2002 …

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May 2, 2022

Passing the Tech Ethics "Hot Potato" with Stephanie Hare

Today we wrestle with ethics and technology. Stephanie Hare's wonderful new book. Technology Is Not Neutral, gives us a much needed framework for thinking about how the technologies we interact with every day affect our moral lives more.

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April 26, 2022

NFTs - They're Not For Me

This week, we'll get Will Page’s impressions of the bubbles gathering around that island and what tsunami warning horns ought to be blaring when we talk about NFTs.

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April 18, 2022

When Two Plus Two Equals Two

This week we explore the current craze in the mergers and acquisitions going on just now. And asking, do they actually create additional value? Or is it the case that two plus two does equal two? (Repeat)

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April 11, 2022

The World Is Addicted to Easy Money with Chris Leonard

We've made quantitative easing easy-ish to understand, now we need to infiltrate the institutions that do that easing: the central banks with the award-winning New York Times journalist and author of the aptly titled best-selling book, Lords of Easy Money, …

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April 4, 2022

Finding Out What's Really Going On with guest Martin Peers

A lot of financial journalism about companies and markets lives and dies based on access. But what are other ways of finding out what's really going on? Joining us this week is Martin Peers, Senior Writer for The Information.

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March 28, 2022

Where Does Money Come From? with Michael McMahon

Today we bring on the sexy topics of fractional reserve lending and quantitative easing with Michael McMahon from the Bank of England and Oxford University.

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March 7, 2022

Poor Standards

This week we look into rating agencies and ask: Why were they invented? What is their purpose? Who pays their wages?

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March 2, 2022

Culture Eats Strategy For Breakfast

With all the emphasis on hard metrics and financials, it's often easy to overlook the culture of companies and the role it plays in their success (or failure).

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Feb. 21, 2022

SPACs Are This Year's Vanilla: Our Conversastion with the FT's Brooke…

SPACs Are This Year's Vanilla: Our Conversastion with the FT's Brooke Masters Part Two

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Feb. 14, 2022

The World is Full of Pyramids: Our Conversation with the FT's Brooke …

Today we have our first of two episodes featuring Brooke Masters, the Chief Business Commentator and Associate Editor of the Financial Times.

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Jan. 31, 2022

The Theranos Bubble

Today we look back Elizabeth Holmes and Theranos. Was this a unique case of "faking it until you make it" or this what everyone in tech does?

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Jan. 24, 2022

Smoking Out Signals in 2022

Today we're going to take a break from blowing bubbles and instead go smoking…and look at the smoke signals we should, and importantly, shouldn't be looking out for in 2022.

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Jan. 17, 2022

Is This The Next Housing Bubble? Daryl Fairweather on Hyper-competiti…

We're back to blowing bubbles in the housing market with Daryl Fairweather, an acclaimed economist from Redfin, where we ask if the double-digit grow in housing prices indicates another bubble.

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