A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

Valuation-Informed Indexing #728: Irrational Exuberance Is Bad

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I’ve posted Entry #728 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Irrational Exuberance Is Bad.

Juicy Excerpt: That’s why I think it is useful to make the simple observation that irrational exuberance is bad, as dumb of an observation as that is. It doesn’t take any intellectual power to recognize that irrational exuberance is bad. But becoming aware of that reality is a remarkable and powerful thing. We know from looking at today’s CAPE value that few appreciate the point today. And we know from our experience with other addictions that it is a liberating step just to become aware of the addiction. People change their lives in amazing ways by becoming aware of their addictions. They free themselves to accomplish things that they never dreamed they could accomplish during the time when they were slaves to the addiction.

Comments

  2. I usually prepare them in advance. The business of the holidays caused me to fall behind. I’ll try to get to the remaining items over the next few days.

    Rob

  3. I can understand that. I am sure you were flooded with book orders during the holidays………and all those speaking engagements.