What are the side effects of bubbles?

Could you please elaborate on the potential consequences that bubbles bring about? I'm interested in understanding the negative impacts they may have on various aspects, including but not limited to the economy, investors, and even individuals. Could you explain how bubbles might disrupt markets and what measures can be taken to mitigate their potential harm? Additionally, I'm curious about whether there are any long-term effects that bubbles might leave behind, and how we can learn from past bubbles to avoid similar situations in the future. Thank you for addressing these questions.