Irrational Exuberance

Robert J. Shiller

• 01 maart 2001
• 9780691089157

Samenvatting:

In this widely acclaimed, best-selling book, Robert J. Shiller, a respected expert on market volatility, offers an unconventional interpretation of recent stock market highs and shows that Alan Greenspan's term irrational exuberance is a good description of the mood behind the market. He analyzes the structural and psychological factors that explain why share prices tripled between 1994 and 1999, a level of growth not reflected in any other sector of the economy. And he warns that poorer stock performance may be in the offing and tells us how we can respond. Irrational Exuberance is a must-read for anyone who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts.