Irrational Exuberance

by Robert Shiller, Robert J. Shiller
Irrational Exuberance cover
Good Books rating 3.12
Business and Economics
Buy online
Waterstones
Paperback • £17.99
Amazon
Format/Price Check
Technical
  • ID: 7097
  • Added: 2025-12-10
  • Updated: 2026-03-10
  • ISBN: 9781400865536
  • Publisher: Princeton University Press
  • Published: 2015-01-25
  • Formats: 1
  • Reviews: 4

In this revised and expanded edition of his bestselling book, Robert Shiller, who famously predicted the tech and housing bubbles, warns that investor exuberance has only grown since the 2008 financial crisis. With high stock, bond, and housing prices, he argues that psychologically driven volatility is inherent in all asset markets. This edition includes updated data, expanded coverage of the bond market, and Shiller's Nobel Prize lecture. It also offers policy recommendations and personal strategies to mitigate the risks of the next market bubble. /n/nShiller's analysis is crucial for anyone with investments, as it provides insights into the causes of asset bubbles and suggests ways to protect oneself from their inevitable bursts. The book's relevance has only increased in the post-subprime boom era, making it an essential read for understanding and navigating the volatile world of investments.

Reviews
Reddit - Investing · 2026-03-10
timely 4.00

The book holds up well over time and provides valuable insights when viewed through a historical lens. It is considered a timely and accurate warning about housing bubbles.

This Reddit user found that the book stands the test of time and offers valuable insights, especially when viewed through a historical lens. They noted that the book's warnings about housing bubbles were timely and accurate, making it a relevant read even years after its publication. The discussion around indexing and other financial concepts adds depth to the book's relevance.

Quick quotes

    What's kind of amazing is: it does hold up.

    I mean you do have to look at it through the historical lens of things like 'indexing wasn't...'

    Even though this book was first published in 2000, his warning about housing bubbles was very timely and very accurate.

Amazon · 2026-03-10
valuable 4.00

The writing is both humble and authoritative, inviting readers to question their own biases as investors. The book is seen as a valuable resource for understanding market behavior.

The reviewer appreciated Shiller's writing style, which they found to be both humble and authoritative. They highlighted how the book encourages readers to question not just Wall Street's euphoria but also their own biases as investors. This critical thinking approach makes the book a valuable resource for anyone looking to understand market behavior and their own role within it.

Quick quotes

    Shiller's writing is both humble and authoritative.

    He invites readers to question not just Wall Street's euphoria, but also our own biases as investors.

    This book is a valuable resource for understanding market behavior.

Goodreads · 2026-03-10
disappointing 1.00

The reader struggled to engage with the book and found it unenjoyable. They felt that the book did not add much new insight into market bubbles.

This reader had a tough time getting into the book and didn't enjoy it at all. They felt that the book didn't offer much new information about market bubbles, which is a topic many are already familiar with. The overall experience was disappointing, and they didn't find the content particularly valuable or engaging.

Quick quotes

    I really battled to get into this book.

    I didn't enjoy it at all.

    We all know that market bubbles exist and I really don't think Robert Shiller added much to the conversation.

eInvesting for Beginners · 2023-05-25
mixed 3.50

The book is repetitive, presenting the same material and formulas without exploring new ways to avoid or profit from market bubbles. The content is thorough but could benefit from a more varied approach.

The reviewer from eInvesting for Beginners notes that the book is quite repetitive, often presenting the same material and formulas without delving into new strategies to avoid or profit from market bubbles. They appreciate the thorough analysis of market failures but find the repetitive nature of the content somewhat tedious. The book provides valuable insights into investor psychology and market trends, but the reviewer suggests that a more varied approach could make the content more engaging and practical. Overall, the book is seen as a solid resource for understanding market dynamics, but the repetitive structure could be improved.

Quick quotes

    The book is repetitive, with the same formula and material presented repeatedly.

    The content is thorough but could benefit from a more varied approach.

    The book provides valuable insights into investor psychology and market trends.

Appears in Lists