Irrational Exuberance

by Robert Shiller
Irrational Exuberance cover
Good Books rating 3.5
Business and Economics
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  • ID: 7097
  • Added: 2025-12-10
  • Updated: 2025-12-10
  • ISBN: 9780691173122
  • Publisher: Princeton University Press
  • Published: 2016-08-16
  • Reviews: 3

In this updated edition of his bestselling book, Robert Shiller delves into the persistent irrational exuberance among investors, highlighting how psychological factors contribute to market volatility. He expands his analysis to include the bond market and offers urgent policy recommendations to mitigate the risks of future financial crises. /n/nShiller's insights are grounded in his extensive research and his 2013 Nobel Prize lecture, providing a comprehensive context for understanding asset market behavior. This book is essential reading for anyone looking to navigate the complexities of modern investment markets and protect their financial future.

Reviews
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.

The Investor's Podcast · 2023-02-18
bold 4.00

This is a very bold book that offers an in-depth explanation of the fluctuations of the stock market. The term 'Irrational Exuberance' captures the essence of market euphoria and the dangers of overconfidence.

The Investor's Podcast highlights that 'Irrational Exuberance' is a very bold book that offers an in-depth explanation of the fluctuations of the stock market. The term 'Irrational Exuberance' is used to depict the market euphoria and the dangers of overconfidence that can lead to market bubbles and subsequent crashes. The reviewer appreciates the book's comprehensive analysis of market psychology and its impact on investor behavior. They find the book to be a valuable resource for understanding the complexities of the stock market and the importance of recognizing market trends. Overall, the book is seen as a bold and insightful exploration of market dynamics.

Quick quotes

    This is a very bold book that offers an in-depth explanation of the fluctuations of the stock market.

    The term 'Irrational Exuberance' depicts the market euphoria and the dangers of overconfidence.

    The book provides a comprehensive analysis of market psychology and its impact on investor behavior.

Bayesian Investor · Peter McCluskey · 2002-01-31
informative 3.00

The book's initial graph is misleading due to its linear vertical axis, which distorts the representation of prices and earnings. The analysis of market bubbles and investor psychology is thorough but not always clear.

Peter McCluskey from Bayesian Investor points out that the book's first and most important graph is somewhat misleading because it uses a linear vertical axis to plot prices and earnings. This choice can distort the perception of market trends. McCluskey appreciates Shiller's thorough analysis of market bubbles and investor psychology, but he finds some parts of the book less clear and somewhat repetitive. The detailed examination of market failures is valuable, but the presentation could be improved for better understanding. Overall, McCluskey finds the book insightful but notes that it could benefit from a more straightforward approach.

Quick quotes

    The book's first and most important graph is somewhat misleading because Shiller uses a linear vertical axis to plot prices and earnings.

    The analysis of market bubbles and investor psychology is thorough but not always clear.

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

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