Robert Shiller teaches courses to hundreds at Yale, lectures to full houses all over the world but we were able to sit down with him for a one-on-one for a full half hour. Here’s the entire, unedited conversation with the noted Yale professor and recent Nobel Prize winner.
“He literally has built a perpetual cash generating machine,’’ said David Rolfe, chief investment officer at Wedgewood Partners Inc. in St. Louis, which invests 9 percent of its $7 billion of assets under management in Berkshire.
"The big headline," says a bullish Charlie Bobrinskoy, director of research at Ariel Investments, "is that people make the mistake of saying the S&P 500 is at a record high, so therefore, it must be overpriced. The market is designed to make new highs."