Irrational Exuberance
| Author | : | |
| Rating | : | 4.13 (544 Votes) |
| Asin | : | B00P6ZJ6HC |
| Format Type | : | |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 2014-05-29 |
| Language | : | English |
DESCRIPTION:
Robert J. . For more information, please go to irrationalexuberance. Shiller, the recipient of the 2013 Nobel Prize in economics, is a bestselling author, a regular contributor to the Economic View column of the New York Times, and a professor of economics at Yale University
With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity—and suggests ways that individuals can decrease their risk before the next bubble bursts. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. Previous editions covered the stock and housing mar
Irrationality Redux? Great Faulkner's Ghost This first edition of this book, in 2000, was a broad study, drawing on a wide range of published research and historical evidence, of the enormous stock market boom that started around 1982 and picked up incredible speed after 1995. The book argued that the boom represented a speculative bubble, not grounded in sensible economic fundamentals. The second edition, in 2005, added an analysis of the real estate bubble as similar to the stock market bubble that preceded it, and warned that "Significant further rises in these markets. Excellent at Providing Historical Perspective, Analyzing Psychological Factors Causing Bubbles but Weak at Providing Solutions This reviewer remembers having read the first edition of this book back when it first came out in either 1999 or 2000, just before the stock market crash of 2000-2001. It did a very good job at providing historical perspective regarding long-term values in the stock market. It, correctly, pointed out that the stock market was overpriced and that a decline would be reasonable to expect. And so it happened.Since then, bubbles have also burst in the housing market worldwide as well as the stock markets. In addition, commodity marke. Nick Zealand said No Easy Answers. The first edition of Irrational Exuberance warned of a stock market bubble. The key takeaway was to diversify. A few months later the dot com bubble crashed and stocks corrected.The second edition of Irrational Exuberance warned of a housing market bubble. The key takeaway was to diversify. A few years later, the sub-prime crisis hit and both stocks and house prices corrected.This, the third edition, warns about a number of things. And there seems to be no place to hide. Interest rates on bonds are historically low and unattract
Save more and don't count on double-digit gains of the past decades continuing to bail you out during retirement."--Burton G. Siegel's Stocks for the Long Run."--William Wolman, Business Week"Shiller has provided an accessible guide to the usually impenetrable literature on financial markets, especially the American stock market."--Foreign Affairs"Shiller contends that investor psychology is so given to herd behavior that it's almost impossible to manipulate or even influence. But you owe it to yourself to read it if you are investing in equities or contemplating doing so."--Fred Ba