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Irrational Exuberance

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Irrational Exuberance

By: Robert J. Shiller
Narrated by: Robert J. Shiller
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About this listen

 With a new Afterword on the current state of the stock market, the ongoing debate over the “new economy,” and the larger implications of “irrational exuberance.”

In this controversial, hard-hitting account of today’s explosive market, Robert J. Shiller, a leading expert on market volatility, evokes Alan Greenspan’s infamous 1996 reference, “irrational exuberance,” to explain the alternately soaring and declining stock market. Shiller’s unconventional yet persuasive argument credits an unprecedented confluence of events with driving stocks to uncharted heights, and he analyzes the structural, cultural, and psychological factors behind these levels of growth not reflected in any other sector of the economy. Now more relevant than ever, this analysis is both chilling and convincing—a must-read for the individual investor, the policy maker, and the investment professional.Producer: Lisa Cahn
Original jacket design and illustration by Marek Antoniak
Jacket photo: Michael Marsland
©2000 Robert J. Shiller
(P) 2000 Random House, Inc Economics Investing & Trading Leadership Management & Leadership Stocks Theory Investing Business Real Estate Management

Critic reviews

New York Times Bestseller

"Should be compulsory reading for anybody interested in Wall Street or financially exposed to it."
—The Economist

"The national bestseller that revolutionized the way we think about the stock market"
—Robert J. Shiller

“A dose of realism that serious investors will ignore at their peril.”
—The Wall Street Journal

One of Business Week’s Ten Best Business Books of 2000

“Irrational Exuberance [is] a dazzling, richly textured, provocative book…by far the most important book about the stock market since Jeremy J. Siegel’s 1994 Stocks for the Long Run, offering a cogent statement of the bears’ view of events to come. Shiller is not merely a bear—he is a grizzly.”
—Business Week
All stars
Most relevant
This book provides a good insight to caution stock market investors should be looking at in today’s overpriced markets.

A must read for investors these days.

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This book was written just before the dot com crash of 2000-2002, which lends force to it's prophetic arguments against the complacent assumptions that dominated discussion of the markets at that time. Although inevitably much has changed since then, it's still worth a buy and a listen since many of the ideas that were fueling excess optimism in 2000 have started to be heard again, and whether or not you think there are direct parallels to be drawn to the present, the book is a persuasive caution against group-think in investing.

The author reads his own work, which IMO was perhaps not the best choice.

Sensible and thought-proviking analysis of markets

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I clicked this into my library without realising a) that it was abridged and b) that it is the 2000 edition not the 2005 revised edition. In other words, in my appreciation this purchase is a complete mistake. Why would the 2000 edition even still be in stock, once the post-2001 crash version is available? I'm going to try and send this book back.

My mistake - audioer beware!

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