Live blog: Robert Shiller on why it's time to buy oil

Oil as an investment has "done alright" over the years and with prices bottoming out, it may be time to buy, Nobel Laureate Robert Shiller told CNBC on Thursday.

"People as a whole underestimate the importance of commodities in their portfolio. They [commodities] have historically been a good investment, and they're also very uncorrelated with other investments," he said at the sidelines of the 18th annual Credit Suisse Asian Investment Conference in Hong Kong.

Follow our live blog for the instant access, on-the-ground chatter and highlights from the conference throughout the week (mobile users click here):

For blogs from previous sessions, please click below:
- Day 3: Live Blog: Asian Investment Conference coverage (March 25)
- Day 2 : Live Blog: Richard Fisher Says Time For Fed To Act (March 24)
- Day 1: Live blog: Investment community remembers LKY (March 23)