Why the irrational exuberance of investors hasn't disappeared since the financial crisisIn this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. 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. Previous editions covered the stock and housing markets―and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. 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. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.
Details e-book Irrational Exuberance: Revised and Expanded Third Edition
🗸 Author(s): Robert J. Shiller
🗸 Title: Irrational Exuberance: Revised and Expanded Third Edition
🗸 Rating : 4.4 from 5 stars (588 reviews)
🗸 ISBN-10: 0691173125
🗸 ISBN-13: 9780691173122
🗸 Languange: English
🗸 Format ebook: PDF, EPUB, Kindle, Audio, HTML and MOBI
🗸 Supported Devices: Android, iOS, PC and Amazon Kindle
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Readers' opinions about Irrational Exuberance: Revised and Expanded Third Edition by Robert J. Shiller
Zelene Hampton
This book was a true masterpiece, weaving together intricate plotlines and vivid characters. The author's writing style was elegant and poetic, drawing me into the story from the first page. I was deeply moved by the themes of love, loss, and resilience. A captivating and emotionally resonant read that will linger in my heart.
Renata Volta
This book left me speechless and in awe of the author's storytelling ability. The characters felt so real, and their journeys were heartfelt and inspiring. The vivid descriptions transported me to the story's setting, and the plot twists were brilliantly executed. A truly remarkable book that will have a lasting place in my heart.
Wynne Binder
I was enchanted by this book's lyrical prose and mesmerizing narrative. The vivid descriptions transported me to a world of magic and wonder. The characters were multidimensional, with flaws and strengths that made them feel like real people. This book was an unforgettable journey, and I am grateful for the experience it provided.
