3min chapter

The Joe Walker Podcast cover image

Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

The Best System Three Accounts of Bubbles and Markets

There's something intensely groupish about our species. I remember watching a video on Bondi Beach in Sydney. And it was a spontaneous rave. It looked like bees or insects kind of swarming together. So the idea that somehow the market is able to reward the smartest people is not quite right. It's only a half-truth.

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