Tag Archives: Robert Schiller

Investing Narratives (Robert Schiller)


This address considers the epidemiology of narratives relevant to economic fluctuations.  The human brain has always been highly tuned towards narratives, whether factual or not, to justify ongoing actions, even such basic actions as spending and investing. Stories motivate and connect activities to deeply felt values and needs. Narratives “go viral” and spread far, even worldwide, with economic impact. The 1920-21 Depression, the Great Depression of the 1930s, the so-called “Great Recession” of 2007-9 and the contentious political-economic situation of today, are considered in view of the popular narratives of their respective times. Though these narratives are deeply human phenomena that are difficult to study in a scientific manner, quantitative analysis may help us gain a better understanding of these epidemics in the future.


  1. Expert opinionHoward Marks
  2. Easy gamesMichael Mauboussin
  3. Echoes from AfricaBill Gross
  4. Trends in real estateRoschelle et al.
  5. Pabrai interview – Pysh and Brodersen
  6. Dalio interview – Henry Blodget
  7. Apple TV anniversary – Ben Thompson
  8. Two types of knowledge – Ben Carlson
  9. The art of seeding talentJames Williams
  10. An expert called Lindy – Nassim Taleb
  11. iPhone product study – Max Olson

https://youtu.be/3yOeeZIplV8 A trader DESTROYS a false guru.  A lesson in chart reading/technical analysis and ignorant hope.   Funny in parts!

A Speculator Laments–a brutal, honest introspection.



Robert Schiller’s Lectures on Finance and Investing

“Someone mentioned the philosopher’s stone. To the surprise of all present, Law said he had discovered it. “I can tell you my secret,” said the financier. “It is to make gold out of paper.” –John Law, Promoter of the South Sea Bubble. (Source:John Law, by H. Montgomery Hyde)

Robert Schiller’s Lectures

There are a series of approximately 26 lectures from Robert Schiller’s Economics 252 Class at Yale’s School of Management.

Take in as much as you want of academic finance from these lectures. I posted several below, but you can find the others in numbered sequence on www.youtube.com.

Human Foibles, Fraud, Manipulation, and Regulation http://www.youtube.com/watch?v=LEB2k9jJzzc

Professional Money Managers and Their Influence: http://www.youtube.com/watch?v=_QM-ZzuIMRg&feature=relmfu

Options Markets:http://www.youtube.com/watch?v=sQChTusyPJA&feature=channel&list=UL

Universal Principle of risk management pooling and hedging of risk http://www.youtube.com/watch?v=WMkD8HKJQCM&feature=relmfu

Portfolio Diversification and Supporting Financial Institutions (CAPM Model) http://www.youtube.com/watch?v=efPKwxZuLKY&feature=BFa&list=ULsQChTusyPJA

Banking: Successes and Failures:http://www.youtube.com/watch?v=q5u1xJVXurk&feature=BFa&list=ULefPKwxZuLKY

Guest Lecture by Andrew Redleaf:http://www.youtube.com/watch?v=DMbhgSBIUfk&feature=BFa&list=ULq5u1xJVXurk