I’ve posted Entry # 213 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Reader Comments at the New York Times Article on Shiller’s Nobel Prize.
Juicy Excerpt: It strikes me as excessively cynical to conclude that financial payoffs are the primary problem. They are a problem, however. And they are a problem with broad political implications. Journalists should be looking into this aspect of the story. There is a Pulitzer waiting to be awarded to the journalist who breaks the story of why the implications of Shiller’s breakthrough insights have been ignored for so many years and at a time when the continued viability of our system of government depends on our getting the word out to millions of middle-class people who are depending on their stock investments to finance their retirements.