3min chapter

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Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

The Snippeting Tool

Bob Greene: I read a really charming newspaper article. It was an interview with Kindleburger when he was 91 or 92, about 2002. And they asked him what his big concern was at the moment and he said, it's the housing market. Greene: There's certainly still going to be a limit and it's going to come back. He says markets are like a drunk who starts at a lamp post and then wanders home. That's the random walk. But he has a big elastic band attaching him from the ankle back to the last place.

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