How do we know when irrational exuberance has unduly escalated asset values

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Robert J. Shiller

The ability to focus attention on important things is a defining characteristic of intelligence.

Robert J. Shiller in Irrational ExuberanceReport problemRelated quotes
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No Values / No More Lonely Nights

I hear them telling me that you're selling off the furniture
And even keep my personalized autographs
You might as well go all the way and sell your granny to the zoo
And while you're at it, may I go to my psychiatrist ?
He's making money out of making me laugh
But I don't mind , I wish that I could say the same about you
It seems to me that you've still got no values
Oh you know you're not so hot, no values
And I'll be glad if you went away again
No values . . . no values . . . no values at all
The city shark is at the dark and of the alleyway
You pays your money and you takes your choice
The artful dodger says he wants to pick a pocket or two
But you, you've taken up a place in high society
A personal friend of messrs rolls and royce
Got them all convinced that everything you say to them is true
It seems to me that you've still got no values
Oh you know you're not so hot, no values
You know you've got a lot, but no values
And I'd be glad if you went away again
No values . . . no values . . . no values at all
I like your wife's smile, I like her car
If I had your lifestyle, I wouldn't go far wrong
On the waters of life you row your boat
Into the strongest tide that you can find
On the darkest of nights we were two of a kind
We went through it all before the tide went out
And left us stranded on the shore
How was I to know
How was I to know
Well you ain't got no values
You know you think you're hot, no values
You know you've got a lot, but no values
And I'd be glad if you went away again
No values . . . no values . . . no values at all

song performed by by Paul McCartneyReport problemRelated quotes
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Well, when I was younger, in high school, I started out smoking pot. Which escalated into taking acid on a regular basis, which escalated into selling acid. And then I started, when I went to college, I started doing opiates.

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No Values

I hear them telling me that youre selling off the furniture
And even keep my personalized autographs
You might as well go all the way and sell your granny to the zoo
And while youre at it, may I go to my psychiatrist ?
Hes making money out of making me laugh
But I dont mind , I wish that I could say the same about you
It seems to me that youve still got no values
Oh you know youre not so hot, no values
And Ill be glad if you went away again
No values . . . no values . . . no values at all
The city shark is at the dark and of the alleyway
You pays your money and you takes your choice
The artful dodger says he wants to pick a pocket or two
But you, youve taken up a place in high society
A personal friend of messrs rolls and royce
Got them all convinced that everything you say to them is true
It seems to me that youve still got no values
Oh you know youre not so hot, no values
You know youve got a lot, but no values
And Id be glad if you went away again
No values . . . no values . . . no values at all
I like your wifes smile, I like her car
If I had your lifestyle, I wouldnt go far wrong
On the waters of life you row your boat
Into the strongest tide that you can find
On the darkest of nights we were two of a kind
We went through it all before the tide went out
And left us stranded on the shore
How was I to know
How was I to know
Well you aint got no values
You know you think youre hot, no values
You know youve got a lot, but no values
And Id be glad if you went away again
No values . . . no values . . . no values at all

song performed by by Paul McCartneyReport problemRelated quotes
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Our surest protection against assault from abroad has been not all our guards, gates and guns, or even our two oceans, but our essential goodness as a people. Our richest asset has been not our material wealth but our values.

quote by Theodore C. SorensenReport problemRelated quotes
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You know, I do not think it is necessarily looks, I do not think I am the prettiest girl... Everyone has something that is their asset, some have the hair, some have the cheekbones, others have the lips. But once you know what is your asset, then you should capitalize on it.

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There Is A Poetry Of Exaltation And Exuberance

THERE IS A POETRY OF EXALTATION AND EXUBERANCE

There is a Poetry of Exaltation and Exuberance-
It comes from souls and sounds greater than mine-
I can hear such Poetry
But I cannot echo it.

What would humans be
If we could not recognize
‘Greatness’ in others
We ourselves will never have?

poem by Shalom FreedmanReport problemRelated quotes
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Values are social norms — they're personal, emotional, subjective, and arguable. All of us have values. Even criminals have values. The question you must ask yourself is, Are your values based
upon principles? In the last analysis, principles are natural laws — they're impersonal, factual, objective and self-evident. Consequences are governed by principles and behavior is governed by values; therefore, value principles!

quote by Stephen CoveyReport problemRelated quotes
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Values are social norms — they're personal, emotional, subjective, and arguable. All of us have values. Even criminals have values. The question you must ask yourself is, Are your values based
upon principles? In the last analysis, principles are natural laws — they're impersonal, factual, objective and self-evident. Consequences are governed by principles and behavior is governed by values; therefore, value principles!

quote by Stephen CoveyReport problemRelated quotes
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Values are social norms — they're personal, emotional, subjective, and arguable. All of us have values. Even criminals have values. The question you must ask yourself is, Are your values based
upon principles? In the last analysis, principles are natural laws — they're impersonal, factual, objective and self-evident. Consequences are governed by principles and behavior is governed by values; therefore, value principles!

quote by Stephen CoveyReport problemRelated quotes
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If you have ideas, you have the main asset you need, and there isn't any limit to what you can do with your business and your life. Ideas are any man's greatest asset.

quote by Harvey S. FirestoneReport problemRelated quotes
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You are your greatest asset. Put your time, effort and money into training, grooming, and encouraging your greatest asset.

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Time is an asset

Time is your asset,
The only asset assured.
Spend it wisely.
Let not others spend it for you.
01.02.2007

poem by Rm. Shanmugam ChettiarReport problemRelated quotes
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Irrational and Radical Are The Changes

Irrational and radical are the changes.
And a leader selected is up to the task.
But many are living with minds locked,
In the past.
They can not grasp the notion of their desires,
No longer existing as reminsced.
Stuck they are in a time warp.
And this for them is unfortunate.

Irrational and radical are the changes.
It is as if Mother Nature is in on it.
It is as if the Earth too is disturbed...
And insists,
Only those priorities on Earth's list exists.
As we feed like ungrateful leeches.
Seeking to destroy,
The naturalness of things.

Irrational and radical are the changes.
As if a blame is trying to find a place,
To legitimize a reason why...
Upheaval is the only choice Mother Nature has made.

poem by Lawrence S. PertillarReport problemRelated quotes
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The Rich Asset

The one who holds no assets
Will treat the world as asset
And the world holds him as its assest.
Such place is rich in asset.

poem by Rm. Shanmugam ChettiarReport problemRelated quotes
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Small breasts

Small breasts are as much an asset; be proud.
The insecure only will seek large breasts.
Men of valour go for the handy ones.
Small breasts are an asset that humbles men.
21.06.2006

poem by Rm. Shanmugam ChettiarReport problemRelated quotes
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Unusually Uncertain

Things are getting better,
Except of course they’re not.
The bailouts have worked miracles
with business gone to pot.
The Nation should experience
Slow growth or slow decline.
We should know soon, unless we don’t-
I can’t make up my mind.

Over in the Eurozone it’s Deutschland uber alles
If Greeks would work like Germans
I’d be sure this market rallies.
If P.I.G.S. escape the barnyard-
We’ll face ruin in our time.
We should know soon, unless we don’t
I can't make up my mind.

Greenspan always soothed my fears,
inchoate though he was.
Bernanke, on the other hand,
Clearly knows not what he does.
Yen and dollar parity will hasten our decline.
Quantitative easing is addictive he will find.
Unusually uncertain is a very scary line!
Irrational Exuberance? I’ll take that any time.


P.I.G.S>: Portugal, Ireland, Greece and Spain

poem by John F. McCullaghReport problemRelated quotes
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I believe in the separation of church and state, absolutely. But I don't believe in the separation of public life from our values, our basic values, and for many of us, our religious values.

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Fascist rebelliousness always occurs where fear of the truth turns a revolutionary emotion into illusions. In its pure form, fascism is the sum total of all irrational reactions of the average human character. To the narrow-minded sociologist who lacks the courage to recognize the enormous role played by the irrational in human history, the fascist race theory appears as nothing but an imperialistic interest or even a mere "prejudice." The violence and the ubiquity of these "race prejudices" show their origin from the irrational part of the human character. The race theory is not a creation of fascism. No: fascism is a creation of race hatred and its politically organized expression.

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These are Values and Standards Kept Within

Deliberate and scheduled maintenance,
Prevents foundations from becoming weak.
Boosts and bolsters securities monitored
And reflects a respect given.
Twenty four hours,
Each and every day each week.

A pride is shown!
With a discipline that seems to be attached,
To unquestioned competence.
A strength beams to gleam in a constant glow.
And support of it is given, bestowed and not hidden.
As if understood and unmistakably comprehended.

These are Values and Standards Kept Within

These are values and standards,
Kept within.
Kept within.
Kept within.
These are values and standards,
Kept within.
Kept within.
Kept within.

These are Values and Standards Kept Within

poem by Lawrence S. PertillarReport problemRelated quotes
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