Interview with Robert J. Shiller

By: Robert J. Shiller

Marketplace host David Brancaccio asks Yale economist Robert J. Shiller about the swings in the stock market since April 2000. Shiller asserts that despite several months of volatility, investors remain unjustifiably overconfident because of the long bull market. Shiller argues that as a result, they aren't ready for a dramatic market collapse and to think otherwise ignores the lessons of history. Shiller explains that the New Economy isn't so new, as history is filled with periods of increased productivity that do not lead to increased corporate profits. In fact, Shiller thinks that the long term outlook for the current market is less positive than in 1929.

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brilliant an surprisingly simple...,honestly surpr

brilliant an surprisingly simple...,honestly surprised by this Frank interview. loved the book though and listened to it twice

Pretty good interview

Would you say that listening to this book was time well-spent? Why or why not?

Yes, but mostly because it was fairly brief. The interview provides a good take on some of the mistaken assumptions that the market would continue to climb indefinitely and shared some of the insights from Mr. Shiller.

Would you recommend Interview with Robert J. Shiller to your friends? Why or why not?

In the event that a friend was insisting that the correction of the market could not have been foreseen... this interview can show that it was not as unlikely or improbable as perhaps some believed.

What did you like about the performance? What did you dislike?

It is an interview... pretty straight forward. I would not consider it a 'performance'..

Who do you think would benefit most from listening to Interview with Robert J. Shiller?

Someone that believes that the world has changed and the historical pattern of bubble bursting no longer applies... or those that believe that the market will always go up to the sky.

Any additional comments?

Pretty good interview... honestly most investors are not aware of the flaws of the bubble, and I do not know that the interview will tell us much more than we now know... however, it might be a good lesson for us to keep in mind the next time a bubble seems unbreakable...:)