Dec 122013

Another enlightening conversation with Bob Shiller (via @ritholtz, @guardian, @svtplay):

“Value investing – this is not new, I’m telling you things that Graham and Dodd wrote about in the 1930s, and they said exactly what I’m saying: that you have to steel your nerves to just focus on value and expect to go wrong for maybe long periods of time” (at 24:30).

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