Bob's Reviews > Irrational Exuberance

Irrational Exuberance by Robert J. Shiller
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's review
Apr 18, 2009

really liked it
Read in May, 2009

Very interesting book on the markets, investor psychology, and our misperceptions of both, as well as a survey of history and markets around the world. It was prescient in 2000 and is very applicable now. After the internet bubble burst in 2000, the market eroded further following the 9/11 attack. Since then it powered up for the a huge bull market for next five years, this time fueled by the housing market and low interest rates. If things look too good to be true, they probably are, and we've been through yet another huge correction. Those who watch the fundamentals should not have been surprised, but everybody hates a nay-sayer when things are good. Anyone invetesting in stocks should read this book, and understand what it means to be an investor instead of just a gambler.
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Reading Progress

04/18/2009 page 15
4.93%
05/12/2016 marked as: read

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