Irrational Exuberance Revisited
Robert Shiller's Cautionary Tale and Today's Markets
Author: Marc Odo, CFA®, FRM®, CAIA®, CIPM®, CFP®, Client Portfolio Manager, Swan Global Investments
Today, the equity markets are displaying many of the same worrying traits that Shiller identified in 2000.
It's not surprising that risk management is becoming a primary concern for investors.
In this white paper, we revisit the 12 factors Shiller identified in the first edition of his book, Irrational Exuberance, to examine which factors are still relevant to today’s markets and discuss some new worries not in play 22 years ago that investors need to consider.
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