The impressive thing is that it has been written before the subprime crisis. The downside is that it would have been nice to have the interpretation of that crisis as well.
The first chapters are not as easy to follow because they are full of data not easy to remember and the author keeps referring to them throughout the book.
Overall written for laymen, so really recommended for those who want to learn a bit more about stock and house market without being overwhelmed by technicalities.
Shiller's a self confessed bear towards the current market and it definitely shows in his book.
It is an interesting read on the the non-quantitative factors that can affect the price of a stock (and a home..). It is also sobering read in light of the rising house prices and the bull market we have seen in the past year or so.
The final impression I got in the end was that nothing in the market (stock and housing) is guaranteed. And...to always do your due diligence!...Continua