| Description |
1 online resource (323 p.) |
| Contents |
Cover -- Title Page -- Copyright Page -- Contents -- Also by Larry E. Swedroe -- Foreword -- Introduction -- Part One How Markets Work: How Security Prices Are Determined and Why It's So Difficult to Outperform -- Chapter 1 The Determinants of the Risk and Return of Stocks and Bonds -- Implications for Investors -- The Moral of the Tale -- Chapter 2 How Markets Set Prices -- Point Spreads and Random Errors -- Examining the Evidence -- An Efficient Market -- How Stock Prices Are Set -- Battle of the Discount Retailers -- The Financial Equivalent of the Point Spread -- Individual Investors |
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Institutional Investors -- The Moral of the Tale -- Epilogue -- Chapter 3 Persistence of Performance: Athletes Versus Investment Managers -- The Nature of the Competition -- Summary -- The Moral of the Tale -- Chapter 4 Why Is Persistent Outperformance So Hard to Find? -- Successful Active Management Sows the Seeds of Its Own Destruction -- The Moral of the Tale -- Chapter 5 Great Companies Do Not Make High-Return Investments -- Small Companies Versus Large Companies -- Why Great Earnings Don't Necessarily Translate into Great Investment Returns -- The Moral of the Tale |
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Chapter 6 Market Efficiency and the Case of Pete Rose -- The Moral of the Tale -- Chapter 7 The Value of Security Analysis -- Buy, Sell, or Hold? -- Academic Evidence -- The Moral of the Tale -- Chapter 8 Be Careful What You Ask For -- Historical Evidence -- The Moral of the Tale -- Chapter 9 The Fed Model and the Money Illusion -- The Fed Model -- The Moral of the Tale -- Part Two Strategic Portfolio Decisions -- Chapter 10 When Even the Best Aren't Likely to Win the Game -- The Moral of the Tale -- Chapter 11 The Demon of Chance -- Mutual Funds to Drool Over -- Coin-Tossing Gurus? |
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Those That Don't Know Financial History Are Doomed to Repeat It -- The Moral of the Tale -- Chapter 12 Outfoxing the Box -- The Moral of the Tale -- Chapter 13 Between a Rock and a Hard Place -- The Evidence -- The Moral of the Tale -- Chapter 14 Stocks Are Risky No Matter How Long the Horizon -- The Moral of the Tale -- Chapter 15 Individual Stocks Are Riskier Than Investors Believe -- The Moral of the Tale -- Chapter 16 All Crystal Balls Are Cloudy -- The Threat of Sequence Risk -- The Moral of the Tale -- Chapter 17 There Is Only One Way to See Things Rightly -- Modern Portfolio Theory |
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The Moral of the Tale -- Chapter 18 Black Swans and Fat Tails -- The Moral of the Tale -- Chapter 19 Is Gold a Safe Haven Asset? -- Safe Haven -- The Moral of the Tale -- Chapter 20 A Higher Intelligence -- The Moral of the Tale -- Part Three Behavioral Finance: We Have Met the Enemy and He Is Us -- Chapter 21 You Can't Handle the Truth -- Overconfidence -- Possible, Not Likely -- The Moral of the Tale -- Chapter 22 Some Risks Are Not Worth Taking -- The Moral of the Tale -- Chapter 23 Framing the Problem -- Indexed Annuities -- Monte Carlo Simulations -- The Moral of the Tale |
| Notes |
Description based upon print version of record |
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Chapter 24 Why Do Smart People Do Dumb Things? |
| Genre/Form |
Electronic books
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| Form |
Electronic book
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| ISBN |
9781394245468 |
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1394245467 |
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