Robert Shiller

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Last quote by Robert Shiller

Confidence in the valuation of the market is indeed the lowest it's been since 2000. And when it got low in 2000, the market fell about 40 percent. So it was bad.feedback
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Oct 16 2017 Bitcoin
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Robert Shiller is associated, including Calvin Coolidge and Donald Trump. Most recently, Robert Shiller has been quoted saying: “The best example [of a bubble] right now is bitcoin.” in the article What the world’s financial bigwigs think about bitcoin.
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Robert Shiller quotes

Aug 25 2017

What's really driving the real estate market is our sense of where we're going and the uncertainty at the time with the new administration in Washington, and all this talk. These are bigger things than the mortgage interest deduction.feedback

Aug 24 2017

It may sound naive, but my impression of what drives her is the mission.feedback

Aug 23 2017

This is part of American culture. It goes back to the American dream. It stands for something. It stands for 'the government is behind the homeowner.' It's a political thing.feedback

Jul 30 2017

We have seen phenomenal earnings growth right now. Analysts are forecasting a continuation of that. So, I don't know what is driving earnings. I would be skeptical that they would continue at such a blistering pace. History shows that big earnings increases like this have a tendency to revert to trend.feedback

Jul 27 2017 - Tesla

It just seems like, it doesn't matter what job you have, there's always some robot out there about to take it. I think people are worried, and they want to buy tech, because they feel like they're taking part [in] the thing that's threatening them. So there is this deep emotional fear which is increasing, which is having the effect of pushing up prices for now.feedback

Jul 27 2017 - Driverless cars

A theme that I have been coming back to is that the big worry that's on people's minds – I don't know how active it is in trading – but it's about where the world is going with automation and robotics. We are going to see ships sailing across the ocean with nobody on it, just cargo – like driverless cars. These things keep coming up and I think they make people worry about everything, including even stocks. You don't know how all this automation is going to play out for various kinds of companies. This is what, I imagine, is on people's minds all the time now.feedback

Jul 27 2017

We could see a major correction. This is not a forecast. It's a worry.feedback

Jul 27 2017

I worry that historically earnings have been trend-reverting. Admittedly, we do have a president who's going to 'make America great again.' So if he's right, maybe then we're launching out in a whole new path. But it would be the first time in American history.feedback

Jul 27 2017

It would definitely be a negative for equities. It would be pretty big. We are at a high valuation. The only time we've had a higher valuation than where we are now was around 1929 and around 2000.feedback

Jul 27 2017

The price increase just went step-by-step with the earnings increase. I think it's an overreaction to good earnings.feedback

Jun 29 2017

We are at a high level, and it's concerning.feedback

Jun 29 2017

People should be cautious now. We have a high market. That doesn't mean I would avoid it altogether.feedback

Jun 15 2017

Treasury bonds are not a good investment right now.feedback

Jun 15 2017

We may see a decline in the prices of those bonds. Three percent is well above the current 10-year Treasury yield. ... I wouldn't want to pull out of stocks.feedback

May 26 2017

We make an adjustment for the fact that technology stocks have always been highly priced, so recently they've been less highly priced overall than on average.feedback

May 24 2017 - Trump Presidency

He is an inspiration for many people. And many other people don't like him, as you may have heard. On the other hand, they may still invest in a rising stock market out of belief in his powers. But for a long-term investor and most people are, I think there should be a place for stocks in the portfolio and they could go up a lot from where they are now ... they could also go down.feedback

May 23 2017

I would say have some stocks in your portfolio. It could go up 50 percent from here. That's what it did around 2000, after it reached this level, it went up another 50 percent. So I'm not against investing in the stock market when you consider the alternatives. But I think if one wants to diversify, US is high in its CAPE ratio. You can go practically anywhere else in the world and its lower. We could even set a new another record high in CAPE, that's not a forecast.feedback

May 05 2017

It's right now a good time to look at one's portfolio and ask if it's diversified enough. There's Europe over there, there's Asia over there, and I think most Americans are not well-diversified globally.feedback

Apr 29 2017

We could go back up there, and we're in an oddball enough mood that we might. So I'm not saying pull out of the market – I'm saying that it looks dangerous now, but it could keep going up.feedback

Apr 29 2017

Right now is a good time to look at one's portfolio and ask if it's diversified enough.feedback

Apr 27 2017

We have a lot of bad narratives about Europe. But you have to think back at the long history. Europe has done quite well.feedback

Apr 27 2017 - Trump Presidency

Europe should be a big thing in one's portfolio. Their price-to-earnings ratios are much lower. Most Americans are not well-diversified globally. When we're talking about the 'Trump effect,' that is primarily a U.S. effect. You can solve that problem by diversifying around the world.feedback

Apr 27 2017

We're living in very volatile times. We don't know what to expect.feedback

Mar 22 2017

It's more of an anxious market where people are afraid of secular stagnation, of losing their jobs to foreigners, or to computers. And they have kind of a wishful-thinking bias about investments like stocks. It's the only way I can understand it.feedback

Mar 22 2017

I still suspect there is more left in the Trump rally. It's already high enough to make me nervous ... the CAPE ratio is one of the best indicators, or I might say the best indicator, if you look at one alone, for the outlook in the long run for stocks. It's high now; and in the past when it's been this high, it hasn't done well. I'm just playing the game a little bit here, and thinking, in the shorter run, this rally – I can start to see reasons for it, and I'm thinking about those reasons.feedback

Mar 22 2017

I think the 'Trump rally' does reflect something about having a business-oriented president who promises to cut regulations and maybe corporate profits, taxes.feedback

Mar 22 2017

It is, I guess, for Trump voters who are enthusiastic about him, but I don't know that they feel that great at the moment with the way it has panned out so much.feedback

Feb 24 2017

My general thought is that I think it's quite reasonable to have an investment in U.S. stocks as part of a diversified portfolio. Just don't go overboard on it.feedback

Dec 21 2016

Trump is a real estate man, right? He talks about living big, living large. I can imagine that this will boost housing demand as well, among at least those who are excited by Trump. It could be like ... Coolidge prosperity. It went for a while and it ended badly.feedback

Dec 21 2016

I feel funny about urging someone who hasn't been in the market to come in now. There's a thought that this Dow 20,000 is a resistance level and we're just going to be stuck at it for a long time. There's [also] a real chance at a correction.feedback

Dec 21 2016

There's a difference, though, between Calvin Coolidge and Donald Trump, if you haven't noticed. Trump is way more controversial.feedback

Dec 09 2016

We have a business-oriented president who wants to cut corporate taxes, who wants to cut regulations, and who sympathizes with business. Maybe it's not a good thing – it's a good thing for business, though.feedback

Dec 09 2016

Maybe it will be black magic sometime, but he's an amazing phenomenon.feedback

Dec 09 2016

He's the fundamental right now. It's all Trump. He's in charge, and it's really making a change.feedback

Dec 09 2016

He'd better live up to the expectation.feedback

Dec 08 2016

We just got a new president who wants to cut corporate taxes, and he wants to ease regulation. My own indicators are a little bit less effective in this environment. I can imagine that it might go up from here even though it's at a high level.feedback

Oct 14 2013

It is so fundamental to human activity and it follows precise mathematical relations – but there is an element of imprecision in it that reflects human nature.feedback

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