Shiller Quotes & Sayings

P56-his reason told him that he was of a different race from his wild and hairy companions — Edgar Rice Burroughs

My very first publication was an estimator - this was a statistical procedure - a kind of invention. My father got a patent and started a business; it wasn't successful, but maybe I have some of him in me. — Robert J. Shiller

I find it incredibly amazing how at every sunset, the sky is a different shade. No cloud is ever in the same place. Each day is a new masterpiece. A new wonder. A new memory. — Sanober Khan

Some of the best theorizing comes after collecting data because then you become aware of another reality. — Robert J. Shiller

As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very far, and the 'stress tests' that governments have used to encourage optimism about our financial institutions were of questionable thoroughness. — Robert J. Shiller

It is sometimes an appropriate response to reality to go insane. — Philip K. Dick

Tis hatched and shall be so — William Shakespeare

Economics is (now) about emotion and psychology. — Robert J. Shiller

looked like a makeshift parking lot, climbed — Catherine Coulter

Know your limit and circle of influence; you are not called to meet the needs of everyone — Bernard Kelvin Clive

One of the most important leadership lessons is realizing you're not the most important or the most intelligent person in the room at all times. — Mario Batali

A homosexual is for life, not just for Christmas. — Alexis Hall

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories. — Robert J. Shiller

Many of us harbor hidden low self-esteem. We deem everything and everyone more important that ourselves and think that meeting their needs is more important than meeting our own. But if you run out of gas, everyone riding with you will be left stranded. — T.D. Jakes

The ability to focus attention on important things is a defining characteristic of intelligence. — Robert J. Shiller

I do not see you as you really are, Joseph; I see you through my affection for you. — Willa Cather

In sum, economists (and those who listened to them) became overconfident in their preferred models of the moment: markets are efficient, financial innovation improves the risk-return trade-off, self-regulation works best, and government intervention is ineffective and harmful. They forgot about the other models. There was too much Fama, too little Shiller. The economics of the profession may have been fine, but evidently there was trouble with its psychology and sociology. — Dani Rodrik

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't. — Robert J. Shiller

Somehow, talking to young students brings you back to reality - it should, anyway. — Robert J. Shiller

It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble. — Robert J. Shiller

My father, Benjamin Shiller, told me not to believe in authorities or celebrities - that society tends to imagine them as superhuman. It's good advice. People are snowed by celebrities all the time. In academia people have this idea of achieving stardom - publishing in the best journals, being at the best university, writing on the hot topic everyone else is writing about. But that's what my father told me not to do. He taught me that you have to pursue things that sound right to you. — Robert J. Shiller

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics. — George Akerlof

As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century. — Peter L. Bernstein

If it has ever been your fantasy to have a tall sexy Viking smothering you, let me tell you it's nowhere near as much fun as it initially sounds — J.D. Nixon

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression. — Robert J. Shiller

Errors of human judgment can infect even the smartest people, thanks to overconfidence, lack of attention to details, and excessive trust in the judgments of others, stemming from a failure to understand that others are not making independent judgments, but are themselves following still others - the blind leading the blind. - ROBERT J. SHILLER, PROFESSOR OF ECONOMICS, YALE UNIVERSITY — Pamela Yellen

A major boom in real stock prices in the U.S. after 'Black Tuesday' brought them halfway back to 1929 levels by 1930. This was followed by a second crash, another boom from 1932 to 1937, and a third crash. Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into an impressive final conclusion. In the real world, we never know when the story is over. — Robert J. Shiller

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. — Robert J. Shiller

Holy crap, I'm scared."
"Holy crap, you're human. You should be scared. — James Dashner