Irrational Exuberance: Revised and Expanded Third Edition
| Author | : | |
| Rating | : | 4.93 (991 Votes) |
| Asin | : | 0691173125 |
| Format Type | : | paperback |
| Number of Pages | : | 392 Pages |
| Publish Date | : | 2014-05-30 |
| Language | : | English |
DESCRIPTION:
But it is. Stulz, Science"Dazzling, richly textured, provocative By far the most important book about the stock market since Jeremy J. It presents a message investors would be wise to head: Make sure your portfolio is adequately diversified. Again. But you owe it to yourself to read it if you're investing, or contemplating investing, in inequities."--The Washington Post"A must-read Refreshing, well-reasoned And very readable."--Michael P. He vacuums up all manner of cultural phenomena, from the important (rising income inequality) to the possibly significant (Google Glass) to the trivial (Kim Kardashian), to reinforce his thesis, and he writes expressively, whether explaining arcane economic issues or illustrating how the story behind Mona Lisa's smile helps account for the painting's astonishing market value. Samuelson, Washington Post"Irrational Exuberance should be compulsory reading for anybody interested in Wall Street or financ
Good friendly read Good writing. Good examples. Interesting subject. Good explanation of bubbles, how and why they burst. Written for person-on- thje -street. Very little jargon.
Previous editions covered the stock and housing marketsand 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. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severityand suggests ways that individuals can decrease their risk before the next bubble bursts. 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 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. In other words, Irrational Exuberance is as relevant as ever. 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.
. Robert J. 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. For more information, please go to irrationalexuberance