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Market Inefficiency
Shiller attempts to prove mathematically that markets are inefficient. Shiller compiles large amounts of data and performs detailed statistical analysis. He shows that markets are more volatile than Read more...
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Schiller makes some very good points regarding the stock and real estate markets. This was useful for me as I am looking into getting into the beaten down real estate market. The book describes the many bubbles over the last century which can be predicted to burst. Of course the question is when, Read more...
"Irrational exuberance and animal spirits drive markets into bubbles. Benjamin Graham writes about this, John Maynard Keynes writes about this, and Robert Shiller writes about this. What makes Shiller different? Two things. 1. He tries to add a healthy dose of empiricism to his arguments. Much of Read more...
Recommend it. I don't that I completely buy this guy's opinion although I do respect it.... he makes the point that at certain times over the last century there have been bubbles which can be predicted to burst based on what the historical averages are. OK. Exactly when will these "bubbles" burs Read more...
The author is Robert Schiller and the book reads very similarly to the columns that Jeremy Siegel writes on Yahoo Finance. I believe the author is a professor at Yale and Harvard and he basically looks at both the stock market and real estate market metrics that can be used for valuation. The poin Read more...
Shiller attempts to prove mathematically that markets are inefficient. Shiller compiles large amounts of data and performs detailed statistical analysis. He shows that markets are more volatile than they would be if they only reacted to information that affects fundamentals.
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