Robert Shiller

Irrational exuberance returns in new forms each cycle.

Data alone doesn't explain markets; context and stories do.

The Nobel Prize is a recognition of ideas that matter.

Economics is a social science, deeply intertwined with human nature.

Bubbles burst when reality catches up to fantasy.

Finance can be a force for good if guided properly.

Narratives spread like viruses in economic downturns.

Predicting markets is hard, but understanding them is possible.

The 1929 crash was narrative-driven, much like today.

We economists must communicate better with the public.

Risk is inherent, but panic is optional.

The CAPE ratio is my favorite tool for valuation.

Economic policy should foster trust and stability.

Stories of prosperity can lead to overconfidence.

Life's uncertainties mirror market volatilities.

Innovation in finance must be tempered with caution.

The human element is what makes economics fascinating.

Exuberance is irrational when detached from fundamentals.

Understanding narratives helps predict economic shifts.

A good society values ethical finance over mere wealth.