Shiller Says `Easy to Beat the Market' Long Term Bloomberg

April 15 (Bloomberg) -- Nobel Laureate Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller index of property values, talks about the efficiency of financial markets and investment strategy. Shiller speaks with Stephanie Ruhle on Bloomberg Television's "Market Makers." Clifford Asness, co-founder and managing principal of AQR Capital Management LLC, also speaks. (Source: Bloomberg)

[kumarapuramsadasivan]

Mr [ Dr? ]Robert Schiller smiles and argues very confidently, keeping his cool.I think what he says makes perfect sense.

[sunghwanhwang]

People in station are taking too much forgetting the fact that they have nobel prize winner on the other side

[douglashurd]

"... optimal expectations of future craziness." I think I've found my new motto.

[MichaelRitger]

Great discussion between two greats. That girl should recognize when something is over her head and just let them talk to one another. Shiller gets to the heart of the problem with EMH dogma - it assigns wisdom to crowds, but denies they are capable of madness.

[tensevo]

Both are right - the markets are both perfect and imperfect. What I mean is the market price today is correct based on all the collective knowledge of all the investors in a given stock. If someone comes along with more information than the crowd then they can beat the market. So to the informed, the markets are imperfect and to the uninformed man in the street, the markets are perfectly efficient.

[mrgoldie]

Interpretation: Markets are both efficient and inefficient. The big picture (news) or longterm is efficient. The day trader picture (emotion) or very short term is inefficient.
Analogous to the distant bend in the road becomes straighter closer up. Markets are efficient in the distance and inefficient close up. Chaotic close, Ordered far away. “No thing under the sun is new.” (Ecclesiastes 1:9).

[thomson]

why did this women consistently interrupt Shiller's talk? annoying

[jonnyh.]

So tired of Stephanie Ruhle... I mean let people talk, especially when it comes to Asness and Shiller. You don't need to try sounding smart, you don't have to prove anything by keep trying to lead the talk, because you do NOT have the expertise in the topic.

[playgirls]

can somebody shorten it for me, what was his advice how to beat market?

[mkz]

It is not OK when the interviewer speaks more than the guest (Schiller).

[Martin-qbmw]

The value style doesn't beat the market on a risk adjusted basis so it doesn't violate the effecient market hypothesis. The value premium is compensation for risk.

[Kevin-vdqj]

What is he ( Robert Shiller) invested in?

[raids]

If this guy did ICO reviews with the name ''professor shiller'' man that would be hillarious

[rclt]

Dislike because these two people did not let the guess talk

[jmdawlat]

The interviewers talk more than the interviewee.

[davidwebb]

Fama believes markets are perfect, they aren't perfect they are just the best we have got.

[chineseslaves]

I don’t take the time to study all of this. I have others opinions and go with it. My Dads picks, (not a stock broker) that I asked for has almost 20% profit since the beg. of the year. He doesn’t like to give advice on it, and said to play it safe years ago. Then I asked a Chinese lady at work figuring they’re into it. I took her advice too which uplifted my rate of return, but not nearly as much. I didn’t want to get in when it’s so high, but you can buy lifecycle target funds that are beyond your retirement date for more aggression and the price is lower, so that sold me. Most of my savings got put into homes.

[tensevo]

Mostly admire Shiller but cannot agree that one should be 'short' the industry you work in.

[virnamisra]

Just what's your title s sumup Mista

[beckjohn]

If value stocks beat the market the market through arbitrage would correctly price said group of securities.

Why would the market loss money on value stocks?