“Either Irrational Exuberance Is a Thing Or It Is Not. If It Is a Thing, It’s Something That We Should Be Taking Into Consideration in Every Discussion About Stock Investing in Which We Participate.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

How do you adjust for the homelessness that Valuation-Informed Indexers have been known to suffer from?

That comment is pure emotion, Sensible.

Either irrational exuberance is a thing or it is not. If it is a thing, it’s something that we should be taking into consideration in every discussion about stock investing in which we participate.

There’s 43 years of peer-reviewed research showing that it is very much a thing.

Rob