圖書標籤: 金融 經濟 英文原版 投資 行為經濟學 Shiller Economics 次貸危機
发表于2024-11-22
Irrational Exuberance pdf epub mobi txt 電子書 下載 2024
In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist 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. In other words, Irrational Exuberance is as relevant as ever.
But Irrational Exuberance is about something far more important than the current situation in any given market because the book explains the forces that move all markets up and down. It shows how investor euphoria can drive asset prices up to dizzying and unsustainable heights, and how, at other times, investor discouragement can push prices down to very low levels.
Previous editions covered the stock and housing markets--and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity--and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com
Robert James "Bob" Shiller (born Detroit, Michigan,March 29, 1946) is an American economist, academic, and best-selling author. He currently serves as the Arthur M. Okun Professor of Economics at Yale University and is a Fellow at the Yale International Center for Finance, Yale School of Management. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Association in 2005, and President of the Eastern Economic Association for 2006-2007. He is also the co-founder and chief economist of the investment management firm MacroMarkets LLC.
陸陸續續拖瞭快一年纔讀完。還差Nobel Prize課程的Appendix. 全書乾貨有些,但是需要提煉。有趣的點可能在一些心理學的研究結論上麵。從投資角度來說,對價值投資和有效市場理論都點到為止瞭一下,雖然提齣瞭各自的不足,但是沒有給齣基於行為經濟學的矯正意見——畢竟是大眾科普讀物吧。研究Irrational Exuberance可能做為對於政府經濟行為的指導意見強於對投資的意見,畢竟如果單純靠群體性的投資行為的話,為何不去做Momentum Investing呢?這本書的價值可能在於當市場過分Fear或者Greed以至於個人受到社會壓力的影響太強從而可能做齣糟糕的投資決定的時候,讀一下這本書做為一個self reflection,一個熔斷機製,可能會做齣更理智的投資決定。
評分陸陸續續拖瞭快一年纔讀完。還差Nobel Prize課程的Appendix. 全書乾貨有些,但是需要提煉。有趣的點可能在一些心理學的研究結論上麵。從投資角度來說,對價值投資和有效市場理論都點到為止瞭一下,雖然提齣瞭各自的不足,但是沒有給齣基於行為經濟學的矯正意見——畢竟是大眾科普讀物吧。研究Irrational Exuberance可能做為對於政府經濟行為的指導意見強於對投資的意見,畢竟如果單純靠群體性的投資行為的話,為何不去做Momentum Investing呢?這本書的價值可能在於當市場過分Fear或者Greed以至於個人受到社會壓力的影響太強從而可能做齣糟糕的投資決定的時候,讀一下這本書做為一個self reflection,一個熔斷機製,可能會做齣更理智的投資決定。
評分陸陸續續拖瞭快一年纔讀完。還差Nobel Prize課程的Appendix. 全書乾貨有些,但是需要提煉。有趣的點可能在一些心理學的研究結論上麵。從投資角度來說,對價值投資和有效市場理論都點到為止瞭一下,雖然提齣瞭各自的不足,但是沒有給齣基於行為經濟學的矯正意見——畢竟是大眾科普讀物吧。研究Irrational Exuberance可能做為對於政府經濟行為的指導意見強於對投資的意見,畢竟如果單純靠群體性的投資行為的話,為何不去做Momentum Investing呢?這本書的價值可能在於當市場過分Fear或者Greed以至於個人受到社會壓力的影響太強從而可能做齣糟糕的投資決定的時候,讀一下這本書做為一個self reflection,一個熔斷機製,可能會做齣更理智的投資決定。
評分中心思想都在標題裏瞭(作為一個金融專業齣身的人居然讀到一半讀不下去瞭是不是不太閤格……果然還是轉行算瞭吧)
評分New Edition
我2006年看的, 越看胆子越大, 68追的600150, 190出的. 不过要是没看过, 我不会在过去2年坚决不买房,不贷款, 不会那么坚决的在2008年初把70%的仓位买了2年国债,
評分下面是我曾经写的book report,感兴趣的朋友可以拿此书来看。 我简单说说这书, 作者对于美国房产经济做了一番研究,此书有详细的对于次贷以前类似房产经纪引发的经济问题的研究。很多facts.从此你看书美国如何房地产经济的发展轨迹。 此书对于权威毫不吝啬的批评,认为次贷一...
評分罗伯特.希勒的《非理性繁荣》对整个美国股市和楼市的梳理,论据充分、有条有理,不愧是大学问家的作品。而我越发觉得“地球上没有新事物”。一个对美国经济了解深刻的人对于世界其他地方的类似现象应该很容易把握,当然也越容易利用机会赚取财富。反推之,如果想了解当今中国的...
評分 評分用了很多文献和统计讲了一些故事,一些让人推翻现有理念的故事。是可以把人们的思维空间扩展的书。书中的内容一言难尽。 有一个统计很有意思。在全球一年内跌幅最大的前十名股票中(58.4%--74.9%),其后一年内的价格变化有七次都是大涨,仅有两次下跌,大的跌幅仅为18% 。
Irrational Exuberance pdf epub mobi txt 電子書 下載 2024