Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets.


Market Volatility (ed. MIT Press, 1992) - ISBN: 9780262691512

Robert J. Shiller Quotes

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which ...

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which ...

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which ...

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which ...