Contrary to Robert Shiller's Predictions, Stock Market Investors Made Much Money in the Past Decade: What Does This Tell Us?

J. Bradford DeLong, U.C. Berkeley
Konstantin Magin, U.C. Berkeley

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Summary

Bradford Delong and Konstantin Magin remind us that a decade ago, many thought the stock market overvalued, and yet on balance the last decade has been good for investors who bought and held. What does this tell us?

Recommended Citation

DeLong, J. Bradford and Magin, Konstantin (2006) "Contrary to Robert Shiller's Predictions, Stock Market Investors Made Much Money in the Past Decade: What Does This Tell Us?," The Economists' Voice: Vol. 3 : Iss. 7, Article 2.
Available at: http://www.bepress.com/ev/vol3/iss7/art2

Readers' Reactions

Richard H. Serlin, Letter: Informed Investors Have Limited Ability to Push Prices to Efficiency (October 2006)

 
 
 

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