Description
Book Synopsis: Why the irrational exuberance of investors hasn't disappeared since the financial crisis
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. 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 other words, Irrational Exuberance is as relevant as ever.
Previous editions covered the stock and housing markets–and 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. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity–and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.
Details
Are you worried about the stability of the financial markets? Concerned about the possibility of another economic crisis? Look no further, because we have the perfect solution for you! Introducing "Irrational Exuberance: Revised and Expanded Third Edition." Written by Nobel Prize-winning economist Robert Shiller, this book is a must-read for anyone who wants to understand the irrational exuberance of investors and the inherent volatility of asset markets.
In this updated edition, Shiller expands his coverage to include the bond market, providing a comprehensive analysis of all major investment markets. With high stock and bond prices, as well as the rising cost of housing, it becomes clear that the signs of irrational exuberance among investors have only increased since the 2008 financial crisis. Shiller's predictions of both the tech and housing bubbles have been proven right, making this book incredibly relevant in today's market.
If you want to protect your retirement account, your house, or any other investments, it is crucial that you read this book. "Irrational Exuberance" not only diagnoses the causes of asset bubbles, but also recommends urgent policy changes to reduce their likelihood and severity. Additionally, it provides practical advice on how individuals can decrease their risk before the next bubble bursts. Don't miss out on the opportunity to gain valuable insights from a renowned economist and protect your financial future.
Take control of your financial well-being today! Click here to grab your copy of "Irrational Exuberance: Revised and Expanded Third Edition" now!
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