Robert Shiller: Italy Cheapest Market In Europe Based on CAPE

Robert Shiller: Italy Cheapest Market In Europe Based on CAPE
Robert Shiller speaks at Buttonwood conference in New York May 30th 2013 (C) Elliot Turner, ValueWalk

Robert Shiller, recent winner of the Nobel Prize in Economic Sciences, author of Irrational ExuberanceThe Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about ItMarket Volatility Finance and the Good SocietyMacro Markets: Creating Institutions for Managing Society’s Largest Economic Risks The New Financial Order: Risk in the 21st Century, a Yale professor and the co-creator of the Case-Shiller Home Price Indices discusses the importance of psychology in the markets and what it’s telling him now.

Robert Shiller video interview and more below

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An Hour With Ben Graham

This interview took place on March 6 1976. At the time, a struggling insurer, Government Employees Insurance Company (GEICO) was making headlines as it teetered on the brink of bankruptcy. Ben Graham understood the opportunity GEICO offered, and that’s where the interview began. Ben Graham and his partners had, at one time, been significant shareholders Read More

Beware The Signs Of Irrational Exuberance And Market Bubbles Wherever They Occur


iShares MSCI Italy Capped ETF (EWI)

Price: $16.66 on 2/20/14

“Because their market is priced so low. Their CAPE as we calculate is among the lowest in Europe. Now, it’s come up a little bit since I bought, but I think it has a ways to go…. They’re going through a hard time right now, a definitely hard time. I just think they’ll be back, and that’s value investing, just looking at all the great things that have come from Italy, and here’s a chance.”



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