“Q: Do you think of yourself as someone smart enough to pick winners in the stock market? A: Well, I actually think I'm smart enough to pick winners. I've always believed in value investing. Some stocks just get talked about, and people pay all sorts of attention to them, and everyone wants to invest in them, and they bid the price up and they are no longer a good buy. Other stocks, they are boring. There is no news about them—they are making toilet paper or something like that—and their price gets too low. So as a matter of routine, you buy low-priced stocks and sell high-priced stocks. Can new kinds of insurance protect us from turmoil in our careers or in the real-estate market? Yale economist and Nobel Prize winner Robert Shiller tells WSJ.Money contributor David Wessel that they can. Q: What's your personal track record: Are you more up than down? A: I have never done a personal analysis. I have to do that. But I believe that I've done well in timing the market, although not perfectly. ”
