Nobel laureate Robert Shiller’s research reveals that irrational exuberance drives stock prices above their true value Irrational exuberance is a thing. Robert Shiller was awarded a Nobel prize for his research showing this to be so – that valuations affect long-term returns. The only way that that could be so… Continue reading Irrational Exuberance: Would Buy-and-Hold Exist Without it?
The post Irrational Exuberance: Would Buy-and-Hold Exist Without it? appeared first on ValueWalk.