| Introduction |
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1 | (5) |
| Whose Interests Do They Have at Heart? |
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6 | (9) |
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Past Performance of Fund Managers Is Not a Predictor of Future Performance |
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Investors Rely on False Premises When Choosing Mutual Funds |
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15 | (4) |
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Top-Performing Actively Managed Funds and Encores |
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19 | (3) |
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Beware of Deceptive Performance Claims |
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22 | (1) |
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Long-Term Funds Will Do Best over Time, or Will They? |
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23 | (2) |
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25 | (1) |
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Buffettology or Mythology? |
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26 | (9) |
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32 | (3) |
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Markets Are Efficient and Active Managers Are Highly Unlikely to Add Value |
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Just How Efficient Are the Markets? |
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35 | (5) |
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The Impact of News Events on Market Prices |
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40 | (2) |
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Market Efficiency and the Value of Forecasts |
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42 | (2) |
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Are Active Managers Likely to Add Value? |
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44 | (2) |
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Value Line Advice Beats Market! Or Does It? |
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46 | (2) |
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Foreign Market Efficiency |
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48 | (3) |
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Those Really ``Inefficient'' Emerging Markets |
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51 | (6) |
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Profits and False Profits |
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57 | (3) |
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The Value of Security Analysis |
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60 | (1) |
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The ``Benefit'' of Inside Information |
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61 | (2) |
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In Search of the Holy Grail |
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63 | (7) |
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The Efficiency of Fixed Income Markets |
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70 | (10) |
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73 | (7) |
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Increasingly Investors Are Shifting to Passive Management |
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The Prudent Investor Rule |
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80 | (2) |
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Index Funds: Fair-Weather Friends? |
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82 | (5) |
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The Triumph of Hope over Reason |
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87 | (2) |
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Active Managers Lose Another Excuse |
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89 | (1) |
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Diamonds and Spiders and Webs, Oh My! |
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90 | (12) |
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96 | (6) |
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Neither Fund Managers nor Individuals Can Consistently Identify Mispriced Securities |
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Stock-Selection Skills of Brokerage Firms |
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102 | (2) |
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104 | (4) |
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Do Hedge Fund Managers Deliver Superior Performance? |
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108 | (3) |
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111 | (3) |
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114 | (1) |
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Another Legend Bites the Dust |
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115 | (3) |
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Not Worth the Paper on Which They Are Printed |
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118 | (1) |
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Investors Need Filter to Screen Investment Misinformation |
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119 | (4) |
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Ten Ways to Beat an Index |
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123 | (12) |
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128 | (7) |
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Timing the Market Is a Loser's Game |
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135 | (2) |
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``Market Timing: A Perilous Ploy'' |
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137 | (2) |
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We're So Sorry, Mutual Fund Managers, It Still Pays to Be an Index Investor |
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139 | (1) |
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140 | (2) |
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Investment Newsletters and Other Fairy Tales |
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142 | (2) |
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Individual Investors and Market Timing |
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144 | (2) |
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146 | (7) |
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148 | (5) |
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Exposure to Risk Factors Determines Investment Returns |
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Is the Small-Cap Effect a Myth? |
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153 | (2) |
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Evidence of the Size Effect in International Markets |
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155 | (3) |
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158 | (2) |
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The Value Effect: Strong, Persistent, and Global |
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160 | (5) |
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Are Value Stocks More Risky? |
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165 | (3) |
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``Come Rain or Come Shine'' |
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168 | (1) |
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Value versus Growth Stocks |
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169 | (2) |
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Low Price-to-Book Determines Value |
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171 | (2) |
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173 | (3) |
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Technology and Other Sector Funds |
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176 | (4) |
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180 | (4) |
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Defining a Fund's Investment Style Is Hard? |
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184 | (4) |
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185 | (3) |
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Investors Should Focus on the Long, Not the Short Term |
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The Longer the Investment Horizon, the More Likely It Is That the Expected Will Occur |
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188 | (3) |
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191 | (2) |
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When You Get What You Wish For, Remember Why You Made the Wish |
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193 | (4) |
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The ``Fifteen-Year Trend'' of Large Growth Outperformance |
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197 | (6) |
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Is the Market Too High? And, What, if Anything, Should I Do About It? |
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203 | (5) |
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Equity Prices Cannot Grow Faster Than the Economy Forever! (Investor Expectations Are Too High) |
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208 | (7) |
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212 | (3) |
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Active Management Imposes a Large Negative Impact on After-Tax Returns |
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Stealth Attack on Returns |
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215 | (3) |
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Tax Efficiency: A Major Determinant of Wealth Creation |
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218 | (2) |
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220 | (3) |
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The Tax Man Takes a Big Bite |
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223 | (2) |
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225 | (1) |
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226 | (2) |
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228 | (2) |
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230 | (6) |
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231 | (5) |
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Understanding and Controlling Human Behavior Is an Important Determinant of Investment Performance |
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Emotions Impact Fund Returns |
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236 | (2) |
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238 | (2) |
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The Reliability of Conclusions |
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240 | (3) |
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Index Funds May Be Boring, But... |
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243 | (2) |
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Mutual Funds: Reported versus Realized Returns |
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245 | (2) |
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Long-Term Earnings Forecasts and the Growth versus Value Conundrum |
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247 | (3) |
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Confusing Strategy and Outcome |
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250 | (5) |
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There Is Nothing New--Only the History You Don't Know |
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255 | (3) |
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258 | (8) |
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263 | (3) |
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Play the Winner's Game and Invest the Way ``Really Smart Money'' Invests Today |
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Investing Internationally: Risky or Not? |
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266 | (2) |
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Asset Class Contributions to Incremental Returns from Portfolio Diversification |
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268 | (6) |
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Why Bond Funds Should Not Be the Vehicle of Choice for Fixed Income Investing |
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274 | (8) |
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REITs, Your Home, and the Asset Allocation Decision |
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282 | (3) |
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A Problem with S&P 500 Index and Total Market Funds |
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285 | (4) |
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The Investment Policy Statement |
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289 | (7) |
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The Retirement Calculator |
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296 | (4) |
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Constructing the Portfolio |
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300 | (3) |
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Rebalancing and Style Drift |
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303 | (2) |
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Rebalancing: The 5&percent;÷25&percent; Rule |
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305 | (3) |
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To Hedge or Not to Hedge, That Is the Question |
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308 | (1) |
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Too Many Eggs in One Basket |
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309 | (5) |
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Take the Plunge, or Drip by Drip |
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314 | (2) |
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Choosing an Investment Advisory Firm |
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316 | (7) |
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321 | (2) |
| Summary |
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323 | (36) |
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Seven Easy Steps to Playing the Winner's Game |
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326 | (5) |
| Appendices |
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Appendix A: Efficient Frontier Models |
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331 | (5) |
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Appendix B: Enhanced Indexing, Fixed Income Strategies, and the Futures Market |
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336 | (7) |
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343 | (2) |
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Appendix D: Shifting from Funds to Stocks |
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345 | (7) |
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Appendix E: How to Analyze the Hold or Sell Decision: Trapped by a Low Tax Basis? |
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352 | (1) |
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Appendix F: Variable Annuities: A Product Meant to Be Sold, Not Bought |
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353 | (6) |
| Library |
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359 | (2) |
| Glossary |
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361 | (8) |
| Acknowledgments |
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369 | (2) |
| Notes |
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371 | |
Other versions by this Author
