/biz/ - Business & Finance

>explains the entire crypto phenomena
People are going to be ruined when this crashes. You are going to be just like the gme-redditors you make fun of.

>>19108556
>implying people aren't leaving stock markets for less volatile assets like real estate, thereby creating a bubble in the real estate market

Read a book for once in your life, retard.

>>19070046
>he doesn't think politics and media reporting affect market prices

I suggest you read pic related lest you keep sounding like a retard.

>>19067652

Don’t forget about your mental gains, retardos.

>>19015049
You will never make it unless you read this book.

Imagine investing in stocks while never having read pic related. You’re literally never going to make it.

>>18879897
Imagine unironically putting your precious wagebux into the stock market, without having the slightest idea of how things works. Read this book for the ultimate gains. It’s the only way you’re ever going to make it.

>thinks he can make it without reading this book

Lmaoing @ your life

This book takes aim at the efficient market hypothesis, which states that prices reflect all available information.

Shiller conclusivley shows that prices/markets, particularly in equities, are far more speculative and divorced from reality than the theory suggests they should be, and that this leads to rushes, panics and crashes.

It mostly dissects the psychology of investors and how this manifests in the aggregate, specifically asset bubbles. As you would expect, the conclusion is that investors are skitish and prone to group think, so large scale market deviation from underlying/realistic prices (specifically things like p/e ratio or volatiliy that is disproportional) periodically takes place.

What does /biz/ think of this book?

Gimme some essential /biz/ literature