Irrational Exuberance Didn’t Start With Buy-and-Hold
The Buy-and-Holders made a terrible mistake. Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns was not available at … Read more
The Buy-and-Holders made a terrible mistake. Robert Shiller’s Nobel-prize-winning research showing that valuations affect long-term returns was not available at … Read more
I have been a journalist for my entire working life. But I changed the subject that I cover about halfway … Read more
Irrational exuberance – it’s a bad thing. Shiller’s book title does not have an exclamation point at the end. It’s … Read more
I’m a big believer in market timing. Not short-term timing, to be sure. To engage in short-term timing is just … Read more
Irrational exuberance. Shiller published his book by that name in early 2000. He published the research showing that irrational exuberance … Read more
I wrote last week about how statements discouraging market timing/price discipline are wealth destroyers. It would be impossible for the … Read more
Not all stock gains are real. When price increases push the CAPE value above its fair-value level (17), those price … Read more
I love market timing. I believe that it is the key to long-term success in stock investing. I of course … Read more
Sometimes I am in a bookstore and I take a look at the personal finance section. Robert Shiller’s book Irrational … Read more
Irrational exuberance is off the charts today. The CAPE value on the day I write these words is “30.” Since … Read more