The Great And Obvious Appeal Of Irrational Exuberance
Irrational exuberance. Shiller published his book by that name in early 2000. He published the research showing that irrational exuberance is a real thing in 1981. So we have as a society had plenty of time to develop a battle plan aimed at overcoming it. The Truth About Irrational ExuberanceThe truth is, the problem is worse than ever. From 1996 forward, we have seen the worst stock prices in the history of the U.S. market. We have now identified the biggest risk of stock investing (I co-authored research with Wade Pfau showing that investors can reduce the risk of stock investing by nearly 7...