Masters in Business: Yale Professor Robert Shiller (Audio)
Masters in Business
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Navigating Home Price Indexes and Market Sentiment
This chapter examines the evolution of home price indexes, emphasizing the challenges faced before their development in the 1960s. It highlights a pivotal 2003 study on buyer expectations and historical trends in home prices, suggesting a potential financial burden rather than an investment boon. The discussion also addresses the unpredictable nature of markets, the psychological implications for investors, and the contrasting philosophies on market efficiency.
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