In a bubble, eventually people start saying, ‘Wait a minute… these prices are way too high! What is anyone buying anymore? What could they possibly be thinking?’ And then there’s a correction and a bursting. Robert J. Shiller Read Quote
One should have a wide variety of assets in one’s portfolio. And oil, by the way, is a particularly important asset to have in one’s portfolio because we need it, and the economy thrives on it. Robert J. Shiller Read Quote
One thing I’ve noticed about history – you can search on newspapers going back hundreds of years, search for ‘economic forecast,’ you don’t find it. It would be very rare to find it. Robert J. Shiller Read Quote
People who stay unemployed for a long time start to look like damaged goods, and they don’t get such good offers. Also, they’re not learning anything. Most learning is on-the-job learning. Robert J. Shiller Read Quote
That’s the world we live in: when it comes to economics, people have emotions; it’s not like chemistry or physics. Robert J. Shiller Read Quote
People aren’t as impressed by homes anymore after they saw how they collapsed in price with the financial crisis. Robert J. Shiller Read Quote
As a child, I was fascinated by any branch of physical or biological science. Even today, I find great excitement in discovering the complexity and variability of the world we live in, getting a glimpse into the deeper reality that we mostly ignore in our everyday human activities. Robert J. Shiller Read Quote
I want to know diverse facts about such things as galaxies or molecules or proteins or insect species. I have an impulse to want to know the little details, which are usually of no significance to non-specialists. I own a dissection microscope, and if there is an insect in the house, I sometimes catch it and look at it under the microscope. Robert J. Shiller Read Quote