TIP 065 : Yale Professor, Robert Shiller's Book, Irrational Exuberance (Investing Podcast)
We Study Billionaires - The Investor’s Podcast Network
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Is the Stock Market a Driver for the Economy?
Greenspan's main mistake was that he wanted the stock market to be a driver. That's definitely not how i see it. I don't see the stock market as being a driver for the economy. And if you rely on theStock Market to drive the economy, you're simply just creating bubbles which will help one in the long run. Stick brings up a great point in this idea of multiples. It is such an important discussion for people to have if they want to understand any type of expectation that they have of getting a return. Let's talk about amazon, which is usually a topic that we enjoy going over. What's the multiple on amazon right now? So
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