Irrational Exuberance: as relevant as ever

Speaker: Professor Robert J Shiller
Chair: Professor Christopher Polk
Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller’s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets.
Robert J Shiller (@RobertJShiller), the recipient of the 2013 Nobel Prize in economics, is a best-selling author, a regular contributor to the Economic View column of the New York Times, and a professor of economics at Yale University. His books include Finance and the Good Society, Animal Spirits (co-written with George A. Akerlof), The Subprime Solution, and The New Financial Order (all Princeton). This event marks the publication of a new edition of Irrational Exuberance.
The Financial Markets Group Research Centre (FMG) at LSE (@FMG_LSE) is one of the leading European centres for academic research into financial markets and is a focal point for research communication with the business, policy making, and academic finance communities.

[@prash454]

Thanks for the Video though it would have made more sense if the Camera focused on the chart in question when he was using that in his talk.

[@warnuod]

Thanks for not sharing a single slide but robert shiölers face throughout the whole presentation!

[@BobbbyJoeKlop]

Great lecture. Thanks to the LSE for posting these talks for the public. Shiller's insights are profound to say the least. Although it would be great if the slides were visible as well as I think the public service you're providing via posting these would be served to an even greater degree.

[@cristiantrujillo5018]

Looking this today is really astonishing, Ukraine, 2019 crisis, and next bond crisis

[@youvev54]

Handsome as Prof. Shiller is, it would have been nice if the video included the slides he was presenting.

[@firstal3799]

Lol

[@LunHaolai]

prof shiller is so nice a person... I mean he is not the best speaker but his facial expressions show how much he paid attention to what he believes

[@ac12484]

If it's possible, could you post the slides later? Thanks for the lecture

[@RedBeardedRabbit]

Talk about scrub-level production... this is an embarrassment. You get Robert Shiller to talk at your university and this is how you record it? Seriously, nobody thought that it's more important to show the slides? You need to re-do the video and substitute probably 99% of the current video track with the slides.

[@amirrh11]

Shameful

[@breathgrowth5102]

appreciate the lesson 333kisses

[@Champagnepropperne]

Great lecture, thank you for sharing! I agree with one of the other statements, that maybe also film the slides or upload them seperately for future talks :)

[@karthi7445]

Do you have a link to the slides? Would really appreciate it!

[@firstal3799]

why would yôu give Shiller and Fama Nobel at the same time?

[@skipsassy1]

notice 2017 there are no video of the graphs of CAPE?

[@fcbv1]

Such a nice person.

[@lendelgalyna1042]

Thanks

[@mohamedabdulaikabba6903]

why the video is not showing the board

[@RalyJoey]

Charts could be found in Mr.Robert J. Shiller's book 'Irrational Exuberance', guess due to this they didn't film any slides, sort of intellectual property protection.

[@dap94]

+Gabriel Chu bullshit. They never show the slides because they are fucktards who don't know how to film shit Dinesh (2015).ReferencesDinesh (2015)- LSE and the shit they do!!

[@interests1094]

Gabriel Chu so does that mean we can film someone and post on internet??

[@MikeyDavis]

Get this man a job in damage control. He deserves a medal.

[@MikeyDavis]

Please. Provide. Powerpoints.

[@yewwood7547]

Time. Time!!! We don't have enough time!!!!!!

[@skipsassy1]

camera should show the graphs not the Professor?

[@cogen651]

What I get out of this is the market is going to tank.

[@BEASLAND000]

wait this isn't YATTA!

[@gedq]

Fascinating example of rigid thinking - the camera operator has been told to film the professor and damn if they're not going to do that even when the information is elsewhere

[@tylerhadden6651]

It's so easy. Happy-go-lucky We are the wad of dough We didn't eat QQQQSSSS...I!

[@MrEaglenator]

So, basically, markets are not efficient, in a nutshell.

[@mberone8649]

awful, why don't you show the charts he is referencing, extremely frustrating

[@nicholasshannon1071]

He should run for president. We need him to help compete with the Chinese banks, or we will go the way of Great Britain... slowly overshadowed.

[@esotomay21]

Pitiful job of recording the presentation from LSE

[@gcgrabodan]

you can download the slides (actually an expanded version, so scip the first few) here: www.bundesfinanzministerium.de/Content/DE/Standardartikel/Ministerium/Veranstaltungen/BMF_im_Dialog/2015-05-26-bmf-im-dialog-shiller-praesentation.pdf?__blob=publicationFile&v=3

[@TeamAlphaGriefing]

Irony of saying people won’t care about Ukraine 😂

[@0820110000]

Bob was right about many things but he was wrong about Ukraine