Interestingly, Charles Mackay, the author of Extraordinary Popular Delusions and the Madness of Crowds, was himself one of the most ardent cheerleaders for the Railway Mania [0] "urging people to put their money into the railways and pooh-poohing those who were concerned." and "He had become famous by mocking the bubbles of the past - but had rather less to say about the far more serious bubble that he himself had helped to inflate."[1]
[0] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1927396
I happened to read Trollope's The Way We Live Now, which is a fantastic take on the railway mania, at the height of the dot com bubble. Really increased the enjoyment to read about it and see it unfold in real time.
Helping to inflate a bubble is a valid strategy as long as you undestand the mechanics enough to organize a favourable exit.
I think we have lost a number of treatises on this exact subject since at least Egypt's old kingdom, 3000BC.