Quote of the day by Robert Shiller: "After a stock market decline, people may perceive more risk than before when, in fact, the decline may have taken some of the risk out of the market."

Nobel laureate Robert Shiller observed that market declines can alter investor psychology, making them perceive more risk when actual risk may have decreased. This phenomenon, rooted in behavioral finance, suggests that corrections can reduce excessive valuations, creating attractive long-term investment opportunities despite prevailing fear and uncertainty.