About the book and its Contents:
Each of us tends to be irrationally exuberant whenever we get to ride the stock market or any asset market all the way to their new all-time-highs. This book by Robert Shiller, explores the various factors (psychological, cultural, social, political, theoretical) that affect the stock market and the real estate market, throughout history.
Review
In this book, you will learn a lot about the past and prevailing theories about how stock market booms form, and go bust.
Difficulty Level = 2.5/5
It is a moderately challenging read, not because of the financial jargon, but because of its specialized nature and writing style of the author.
Personal Rating = 4/5
It is a good book to read for learning more about the factors affecting the stock market and real estate market.
Personal finance tip for today:
Warren Buffett's words of wisdom " Be fearful when others are greedy; Be greedy when others are fearful."
That word has become a legend.
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