4min chapter

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Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

Is There a Questionnaire Survey?

There was a big stock market drop on the September 11th and 12th of 1986. And you immediately- I'm sorry, oh, I'm 86. You're talking about the precursor to the big one. Tell the story of how you sprung into action and what you did. All right. So in 1986, there were some big stock market drops, but not history making. But it got me thinking: Why doesn't anyone ask people why they decided to sell? Then we saw a over 22% drop in the Dow in one day. It had beat the previous record by a factor of two for a one day drop in the market. And I thought, wait,. this is the

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