Irrational Exuberance

By: Robert J. Shiller

Narrated by: Robert J. Shiller

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

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

A new perspective

the author presents great data supports his conclusions. most of his claims are well informed and makes for an interesting book.

could have used a better narrator

pay attention.

loved it. it doesn't get much better than this. I want expert investor criticism. please write a critique

A lot of information. Really good book.

I am listening to this book for the second time. There is a lot of information in this book, including facts and figures that I want to sear into my brain, so I am listening again. Shiller reads the book himself, so there is no mistaking what emphasis he wants to put on certain points. Highly recommend this book, especially if you are or will be investing in the stock market.

in plain english

great explanation of "what happened" during the bubble years and a must hear for anyone that invests.

Wholistic view of the stock markets role in societ

Schiller expressed an interesting and wholistic if somewhat pesimistic view of the role of the stock market in society, And how it might be reshaped for more social benefit.