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Barry Ritholtz

Barry Ritholtz's Masters in Business: The Robert Shiller Interview

Barry Ritholtz interviews Yale University economics professor and 2013 Nobel Prize winner Robert Shiller.

In the latest “Masters in Business” podcast, I speak with Robert Shiller, Stirling Professor of Economics at Yale University and winner of the 2013 Nobel Prize in economics.

Shiller makes a key point about finance:  “We really do not know the future. Since we don’t, we are talking finance and insurance. They are really about an uncertain future, sharing your risks, hedging your risks. People forget that’s a core element. It is not about beating the market necessarily; it's about managing risks in such a way that we can be a productive society and we can achieve our goals.”