Author Robert Shiller to Speak at NYSSA.Business Editors NEW YORK--(BUSINESS WIRE)--April 27, 2000 Irrational Exuberance Irrational Exuberance An infamous phrase uttered by Alan Greenspan in 1996 to describe the overvalued market at the time. Notes: Although every word spoken by Mr. - Is Wall Street Too Optimistic? The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Society of Security Analysts welcomes Robert J. Shiller, professor of economics at Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was and author of the popular new book Irrational Exuberance, to speak on May 4, 2000. As the raging bull market showed signs of stumbling in the past few weeks, Mr. Shiller's cautions about the dangers of wearing rose-colored glasses on Wall Street have taken on new meaning. Mr. Shiller's book has been credited by Business Week as being "by far the most important book about the stock market since Jeremy J. Siegel's 1994 Stocks for the Long Run, offering a cogent statement of the bears' view of events to come. The Wall Street Journal says, "Mr. Shiller's book offers a dose of realism . . . that serious investors will ignore at their peril." The New York Times says that Mr. Shiller "makes a powerful case that the soaring stock market of recent years is a huge, accidental Ponzi scheme A fraudulent investment plan in which the investments of later investors are used to pay earlier investors, giving the appearance that the investments of the initial participants dramatically increase in value in a short amount of time. in progress, one that will come to a very bad end." Is Shiller overly pessimistic, or just cautious? Is there too much irrational exuberance in the market or will the bull market continue? What is Shiller's advice to investors? Come hear Mr. Shiller discuss these and other issues as his bear does battle with the bull. The presentation is on Thursday, May 4, 2000, at NYSSA Nyssa (nĭs`ə), name of several ancient cities devoted to the worship of Dionysus. The best known of them is a town of Cappadocia, Asia Minor, near the Halys (now the Kizil Irmak) River. It was the residence of St. Gregory of Nyssa. , One World Trade Center, Suite 4447, New York, NY 10048. A buffet lunch buffet lunch n → buffet m (almuerzo) buffet lunch n → lunch m buffet lunch n → Buffet nt begins at 11:30, the presentation begins at 12:30. RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. : 212-912-9249 x66. Cost: $15 NYSSA members, $30 non-members, pay at the door. No charge for press with credentials. Visit www.nyssa.org for details. Mr. Shiller will autograph copies of his book, which will be available for sale at the event. Irrational Exuberance is also available in the NYSSA Bookstore at www.nyssa.org. The New York Society of Security Analysts is a not for profit, educational organization, that has been educating and informing investment decision-makers for over 60 years. |
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