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White paper

Apr. 21, 2022

“Irrational Exuberance” Revisited

Robert Shiller’s Cautionary Tale and Today’s Markets

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White Paper — Overview

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.

 

This paper revisits the twelve factors Robert Shiller highlighted in the first edition of Irrational Exuberance, assessing their continued relevance in today’s market environment and introducing additional considerations that have emerged over the past two decades.

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