- Narrated by: Robert J. Shiller
- Length: 5 hrs and 53 mins
- Abridged Audiobook
- Release date: 31-10-00
- Language: English
- Publisher: Random House Audio
Irrational Exuberance is a must-listen for individual investors as well as investment professionals, pension-plan sponsors, and endowment managers everywhere. It will be studied by policy makers and anyone from Wall Street to Main Street who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts.
(P)2000 Random House, Inc
"No one has explored the strange behavior of the American investor in the 1990s with more authority..." The New York Times
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Customer ReviewsMost Helpful
By Judy Corstjens on 14-12-13
My mistake - audioer beware!
I clicked this into my library without realising a) that it was abridged and b) that it is the 2000 edition not the 2005 revised edition. In other words, in my appreciation this purchase is a complete mistake. Why would the 2000 edition even still be in stock, once the post-2001 crash version is available? I'm going to try and send this book back.
19 of 21 people found this review helpful
By Mr on 18-01-18
Sensible and thought-proviking analysis of markets
This book was written just before the dot com crash of 2000-2002, which lends force to it's prophetic arguments against the complacent assumptions that dominated discussion of the markets at that time. Although inevitably much has changed since then, it's still worth a buy and a listen since many of the ideas that were fueling excess optimism in 2000 have started to be heard again, and whether or not you think there are direct parallels to be drawn to the present, the book is a persuasive caution against group-think in investing.
The author reads his own work, which IMO was perhaps not the best choice.
Customer ReviewsMost Helpful
By Timothy on 23-09-04
Very academic, but thorough and informative
This audiobook is not for the faint of heart!
This is an academic overiew of behavioral finance. Not as thorough as a textbook, but it has the same flavor. With the acadmic perspective without the thoroughnes of an academic text, it reads like a litnay of hypothesis about the 'irrationality' of the stock market interspersed with anecdotal statistics and historical examples.
The book has a very one-sided view of the central controversy in the economics of Finance, which is the rationlity of the financial markets. His strong endorsement of behavorial finance and emphatic rejection of Efficient Market Theory detract from the power of some of the hypothesis he puts forward.
Because it is abridged, I cannot say if the book lost much in the abridgement. Being read by the author (a Yale economics professor), I would hope that this version keeps the essence of the unabridged text.
If you can survive what seems, at times, an interminable academic lecture, this book does offer lots of facts and insights useful to understanding how the financial markets funtion.
7 of 7 people found this review helpful
By chris m. on 18-04-05
in plain english
great explanation of "what happened" during the bubble years and a must hear for anyone that invests.
2 of 2 people found this review helpful