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Even People Who Believe In Shiller’s Research Aren’t Getting The Full Benefit Of It

Robert Shiller

I believe that Robert Shiller’s Nobel-prize-winning research revolutionizes the field of investment advice. Shiller showed that irrational exuberance is a thing. During the Buy-and-Hold Era, we treated all investment gains the same. Now we know that some stock gains are the product of economic productivity and thus are of lasting significance while other gains are […]

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