(Source: Ibbotson Associates,;
http://www.icmarc.org/ImageCache/rc/content/investing/riskreward_2ectt/v2/image_5b_40id_3d_22sbcichart_22_5d/1/
stocksbondscashinflation.png)
(http://www.thestreet.com/content/image/34295.include)
October 10,
2008 - $10,000 invested in S & P market index
grew to 1) $11,733 if invested under Republican presidents only
($51,211 if Hoover presidency is excluded); 2) $300,671 if
invested during Democratic administrations only (annual compound
rate of 8.9% over nearly 40 years).
(Source: Bloomberg
Financial markets;
http://graphics8.nytimes.com/images/2008/10/14/opinion/14opchart.full.jpg)
(Endowments), Mebane T. Faber and Eric W.
Richardson (2009).
Ivy Portfolio: How To Manage Your Portfolio Like the Harvard and
Yale Endowments. (Hoboken, NJ: Wiley, 228 p.). Analyst,
Cambria Investment Management; Founder, Cambria Investment
Management. Portfolio management; Investments; Institutional
investments. How to track, mimic investment strategies of highly
successful Harvard, Yale endowments; reduce risk of bear market
moves through tactical asset allocation strategy; how investors
can develop strategic asset allocation using ETF-based
investment approach.
(Endowments), Matthew Tuttle (2009).
How Harvard and Yale Beat the Market: What Individual
Investors Can Learn From the Investment Strategies of
the Most Successful University Endowments.
(Hoboken, NJ: Wiley, 276 p.). President of Tuttle Wealth
Management, LLC. Harvard University --Endowments; Yale
University --Endowments; Investments --United States;
Institutional investments --United States; Portfolio
management --United States. Benefits of endowment
investing; endowment philosophy of investing -
consistent performance through superior money manager
selection, asset allocation, portfolio construction; how
to structure individual investments around
endowment-type portfolio.
(Returns), Roger G. Ibbotson, Rex A.
Sinquefield (1989).
Stocks, Bonds, Bills, and Inflation: Historical Returns
(1926-1987). (Homewood, IL: Dow Jones-Irwin, 202 p.).
Stocks--Prices--United States; Securities--Prices--United
States; Stock price forecasting.
(Returns), Elroy Dimson, Paul Marsh, Mike
Staunton (2001).
Triumph of the Optimists: 101 Years of Global Investment Returns.
(Princeton, NJ: Princeton University Press, 399 p.). London
Business School. More data, extending farther back in time and
covering more countries than CRSP (Center for Research in
Securities Prices) - annual real and nominal returns on
equities, bonds, and bills, as well as GDP, inflation, and
exchange rate data, over 101 years (1900-2000) for sixteen
countries in North American and Europe plus Australia, South
Africa, and Japan (Australia, Belgium, Canada, Denmark, France,
Germany, Ireland, Italy, Japan, Netherlands, South Africa,
Spain, Sweden, Switzerland, United Kingdom, and United States).
Shanta Acharya, Elroy Dimson (2007).
Endowment Asset Management: Investment Strategies in Oxford and
Cambridge. (New York, NY: Oxford University Press, 384
p.). Associate Director of the Initiative on Foundation and
Endowment Asset Management, BGI Professor of Investment
Management, respectively (London Business School). Asset
management; Endowments--Great Britain. How colleges that comprise
Oxford and Cambridge make their investing decisions.
Keith Ambachtsheer, Robert D. Arnott, Clifford
S. Asness, Peter L. Bernstein et al (2005).
Bold Thinking on Investment Management: The FAJ 60th Anniversary
Anthology. (Charlottesville, VA: CFA Institute, 320 p.).
Director of the Rotman International Centre for Pension
Management (University of Toronto); Managing Principal at AQR
Capital Management, LLC; President of Peter Bernstein, Inc.
(Consulting Editor of the Journal of Portfolio Management).
Portfolio management; Investment advisors; Investment strategy.
60th anniversary issue of
the Financial Analysts JournalŪ.
Ed. Peter L. Bernstein and Frank J. Fabozzi
(1997).
Streetwise: The Best of the Journal of Portfolio Management
(Princeton, NJ: Princeton University Press, 321 p.). Portfolio
management; Investments. A selection of articles previously
published in the Journal of portfolio management over a period
of nearly 25 years.
John C. Boland (1985). Wall Street's
Insiders: How You Can Profit with the Smart Money (New York,
NY: Morrow, 226 p.). Investments--United States; Insider trading
in securities--United States.
Ian Bremmer and Preston Keat (2009).
The Fat Tail: The Power of Political Knowledge for Strategic
Investing. (New York, NY: Oxford University Press, 272
p.). President of Eurasia Group; Director of Research at Eurasia
Group. Risk management --Political aspects; Investments
--Political aspects; Country risk --Management; Political
stability --Evaluation. How political risk analysis works, when
it does not, 'tail' of extreme political instability is
dangerously fat - international
economy, politics often matter as much as economic fundamentals
for performance of global markets; how to effectively manage
wide range of political risks that global firms face.
Don Cassidy (1991).
It's Not What Stocks You Buy, It's When You Sell That Counts.
(Chicago, IL: Probus, 298 p.). Senior Analyst with Lipper
Analytical Services, Inc. Stocks; Speculation. Discusses
profitable, proven methods for defining your stock market goals,
and for selling when those goals have been reached; helps you
identify and isolate your resistance in order to sell when it
counts.
--- (1999).
When the Dow Breaks: Insights and Strategies for Protecting Your
Profits in a Turbulent Market. (New York, NY:
McGraw-Hill, 208 p.). Investments -- United States -- Handbooks,
manuals, etc.; Stocks -- United States -- Handbooks, manuals,
etc.; Stock exchanges -- United States -- Handbooks, manuals,
etc.
Ira U. Cobleigh (1989).
Happiness Is a Stock That Lets You Sleep at Night (New
York, NY: D.I. Fine, 160 p.). Stocks; Investments.
James J. Cramer (2002).
Confessions of a Street Addict. (New York, NY: Simon &
Schuster, 339 p.). Hedge Fund Manager. Wall Street; Hedging
(Finance); Stockbrokers; Securities industry; Journalism,
Commercial.
Aswath Damodaran (2003).
Investment Philosophies: Successful Strategies and the Investors
Who Made Them Work. (Hoboken, NJ: Wiley, 504 p.).
Investment analysis.
James Dines (1975).
The Invisible Crash: What It Is, Why It Happened, How to Protect
Yourself Against It. (New York, NY: Random House, 367
p.). Inflation (Finance)--United States; Finance, Personal;
Gold.
Charles D. Ellis (1998).
Winning the Loser's Game: Timeless Strategies for Successful
Investing (New York, NY: McGraw-Hill, 142 p. [3rd ed.]).
Portfolio management; Investment analysis.
Ed. Charles D. Ellis with James R. Vertin
(1989).
Classics: An Investor's Anthology (Homewood, IL: Dow
Jones-Irwin, 759 p.). Investments; Risk management; Stock
exchanges
--- (1991).
Classics II: Another Investor's Anthology (Homewood, IL:
Business One Irwin, 626 p.). Investments; Risk management; Stock
exchanges.
Charles D. Ellis with James R. Vertin (1997).
The Investor's Anthology: Original Ideas from the Industry's
Greatest Minds (New York, NY: Wiley, 297 p.).
Investments--United States; Stock exchanges.
Joseph Ellis (2005).
Ahead of the Curve: A Commonsense Guide to Forecasting
Business and Stock Market Cycles. (Boston, MA: Harvard
Business School Press, 256 p.). Former partner of Goldman, Sachs
& Co., ranked for eighteen consecutive years by Institutional
Investor magazine as Wall Street's #1 retail-industry analyst.
Economic forecasting. Recognize, react to signs of economic change before they have an
impact on business and investments.
Eric S. Emory (1973).
When to Sell Stocks: Portfolio Liquidation; the Key to Superior
Performance without Stock Selection (Homewood, IL: Dow
Jones-Irwin, 104 p.). Stocks; Investments.
Louis Engel and Henry Hecht (1994).
How to Buy Stocks (Boston, MA: Little, Brown, 398 p.
[8th ed.]). Securities; Investments
Kenneth L. Fisher (1987).
The Wall Street Waltz: 90 Visual Perspectives: Illustrated
Lessons from Financial Cycles and Trends. (Chicago, IL:
Contemporary Books, 210 p.). Stocks -- United States -- Charts,
diagrams, etc.; Interest rates -- United States -- Charts,
diagrams, etc.; Economic indicators -- United States -- Charts,
diagrams, etc.
Kenneth L. Fisher, Jennifer Chou, Lara W.
Hoffmans (2006).
The Only Three Questions That Count: Investing by Knowing What
Others Don’t. (Hoboken, NJ: Wiley, 480 p.). CEO, Fisher
Investments, Forbes Columnist. Investments; Speculation.
Key investing questions, what
they really mean, how to use them.
Philip A. Fisher (2003).
Common Stocks and Uncommon Profits and Other Writings by Philip
A. Fisher. (New York, NY: Wiley, 320 p.). Stocks;
Investments. Wiley Investment Classics.
Norman Fosback (1993).
Stock Market Logic: A Sophisticated Approach to Profits on Wall
Street (Chicago, IL: Dearborn Financial Pub., 384 p.).
Stocks--United States--Handbooks, manuals, etc.;
Speculation--Handbooks, manuals, etc.
Leo Gough (2000).
Trading the World Markets: Interviews with the Great Global
Investors (New York, NY: Wiley, 260 p.). Capitalists and
financiers--Biography; Investments, Foreign; International
business enterprises.
Brooke Harrington (2008).
Pop Finance: Investment Clubs and the New Investor Populism.
(Princeton, NJ: Princeton University Press, 256 p.). Researcher
at the Max Planck Institute for the Study of Societies.
Investment clubs--United States; Investments--Social
aspects--United States. Origins, impact of mass engagement in investing; new market
populism via rise of investment clubs; gender-based differences
in investing returns; investing as statement, and for profit.
Jim Huguet (1999).
Great Companies, Great Returns: The Breakthrough Investing
Strategy That Produces Great Returns over the Long-Term Cycle of
Bull and Bear Markets Based on the Twelve Traits of All Great
Companies (New York, NY: Broadway Books, 323 p.).
Investment Consultant. Investments--United States--Case studies;
Stocks--United States--Case studies; Corporations--United
States--Case studies. 12 traits of companies which generate
superior returns to shareholders; 14 companies identified.
Lawrence E. Kochard, Cathleen M. Rittereiser
(2008).
Foundation and Endowment Investing: Philosophies and Strategies
of Top Investors and Institutions. (Hoboken, NJ: Wiley,
320 p.). Chief Investment Officer of the Georgetown University
endowment; alternative investments marketing and business
development executive. Institutional investments;
Endowments--Finance. Detailed look at successful investment
approaches used by today’s leading foundations, endowments;
profiles of number of accomplished Chief Investment Officers:
their experiences, investment philosophies, challenges in
allocating assets, managing risks, selecting from increasingly
sophisticated set of investment opportunities.
Gerald M. Loeb (1971).
The Battle for Stock Market Profits (Not the Way It's Taught at
Harvard Business School) (New York, NY: Simon &
Schuster, 352 p.). Investments; Stock exchanges.
--- (1996).
The Battle for Investment Survival (New York, NY: Wiley,
320 p.). Investments; Speculation.
Louis Lowenstein (1988).
What's Wrong with Wall Street: Short-Term Gain and the Absentee
Shareholder (Reading, MA: Addison-Wesley, 268 p.).
Stocks; Institutional investments; Stockholders; Tender offers
(Securities).
Peter Lynch with John Rothchild (1989).
One up on Wall Street: How to Use What You Already Know to Make
Money in the Market (New York, NY: Simon & Schuster, 318
p.). Investments; Stocks; Speculation.
--- (1993).
Beating the Street (New York, NY: Simon & Schuster, 318
p.). Stocks--United States--Handbooks, manuals, etc.; Mutual
funds--United States--Handbooks, manuals, etc.
Nicholas W. Maier (2002).
Trading with the Enemy: Life Inside Jim Cramer's Wall Street.
(New York, NY: HarperBusiness, 192 p.). Protege at Cramer's
Hedge Fund. Cramer, Jim; Wall Street; Hedging (Finance);
Speculation; Stock brokers.
Burton G. Malkiel (2004).
A Random Walk Down Wall Street
.
(New York, NY: Norton, 416 p. [8th ed.; orig. pub. 1973]).
Investments; Stocks.
--- (2003).
The Random Walk Guide to Investing: Ten Rules for Financial
Success. (New York, NY: Norton, 202 p.). Chemical Bank
Chairman's Professor of Economics (Princeton University).
Finance, Personal; Investments; Stocks.
Harry Markowitz (1991).
Portfolio Selection: Efficient Diversification of Investments
(Cambridge, MA: B. Blackwell, 384 p.). Portfolio management;
Investment analysis; Stocks; Investments; Finance--United
States--History.
Ralph G. Martin (1965).
The Wizard of Wall Street; The Story of Gerald M. Loeb.
(New York, NY: Morrow, 192 p.). Loeb, Gerald M.; Investments.
Steven L. Mintz, Dana Dakin and Thomas
Willison (1998).
Beyond Wall Street: The Art of Investing (New York, NY:
Wiley, 226 p.). Investments--United States; Investment
analysis--United States.
James Morton (1997).
Investing with the Grand Masters: Insights from Britain's
Greatest Investment Minds (Washington, DC: Pitman Pub.,
398 p.). Manager of the Chelverton Fund. Investments;
Securities.
Ron Muhlenkamp (2006).
Harvesting Profits on Wall Street: Essays in Investing.
(Wexford, PA: Muhlenkamp & Company, Inc., 282 p.). Founder and
President of Muhlenkamp & Company, Inc. (founded 1977).
Investments--United States; Investment analysis;
Securities--United States. What works and why, when
investing in stocks and bonds.
John Neff with S.L. Mintz (1999).
John Neff on Investing (New York, NY: Wiley, 267 p.).
Investment analysis; Investments.
John R. Nofsinger (2002).
Investment Blunders of the Rich and Famous-- and What You Can
Learn from Them. (Upper Saddle River, NJ: Financial
Times/Prentice Hall, 302 p.). Investments--Decision making--Case
studies; Risk management--Case studies; Errors--Case studies.
James P. O'Shaughnessy (1997).
What Works on Wall Street: A Guide to the Best-Performing
Investment Strategies of All Time (New York, NY:
McGraw-Hill, 324 p.). Investments--United States; Investment
analysis--United States. Definitive guide to investing
strategies with proven returns.
--- (2006).
Predicting the Markets of Tomorrow: A Contrarian Investment
Strategy for the Next Twenty Years. (New York, NY:
Portfolio, 272 p.). Senior Managing Director at Bear Stearns,.
Director of Systematic Equity for Bear Stearns Asset Management.
Investments--United States; Investment analysis--United States.
Small, midsize companies,
large company value stocks, intermediate term bonds will
outperform the market in the new cycle.
Richard Phalon (2001).
Forbes Greatest Investing Stories. (New York, NY: Wiley,
239 p.). Contributing Editor, Forbes Magazine. Finance,
Personal--United States--Case studies; Investments--United
States--Case studies; Success in business--United States--Case
studies.
Robert C. Radcliffe (1997).
Investment: Concepts, Analysis, Strategy (Boston, MA:
Addison-Wesley, 925 p. [5th ed.]). Investments; Investment
analysis; Securities; Speculation.
Christina I. Ray (2001).
Think Like a Trader, Invest Like a Pro (New York, NY:
McGraw-Hill, 235 p.). Investments; Securities; Investment
analysis.
John Rothchild (1988).
A Fool and His Money: The Odyssey of an Average Investor
(New York, NY: Viking, 251 p.). Investments.
Mark Rubinstein (2006).
A History of the Theory of Investments: My Annotated
Bibliography. (Hoboken, NJ: Wiley, 370 p.). Paul
Stephens Professor of Applied Investment Analysis at the Haas
School of Business (University of California at Berkeley).
Investments; Investments--Mathematical models;
Investments--Mathematical models--Abstracts.
History of investment research
theory and asset pricing.
Ed. Arnold W. Sametz in collaboration with
James L. Bicksler (1991).
Institutional Investing: Challenges and Responsibilities for the
21st Century (Homewood, IL: Business One Irwin, 559 p.).
Institutional investments; Portfolio management
Harry D. Schultz (2002).
Bear Market Investment Strategies (New York, NY: Wiley,
256 p.). Investments--Handbooks, manuals, etc.; Stock
exchanges--Handbooks, manuals, etc.
H. Nejat Seyhun (2000).
Investment Intelligence from Insider Trading (Cambridge,
MA: MIT Press, 402 p.). Insider trading in securities--United
States.
Michael D. Sheimo (1999).
Stock Market Rules: 70 of the Most Widely Held Investment Axioms
Explained, Examined, and Exposed (New York, NY:
McGraw-Hill, [2nd ed.]). Investments--Miscellanea; Stock
exchanges--Miscellanea.
Jeremy J. Siegel (2005).
The Future for Investors: Why the Tried and True Triumph over
the Bold and New. (New York, NY: Crown Business, 336
p.). Russell E. Palmer Professor (Wharton School of the
University of Pennsylvania). Stocks; Stocks--History; Rate of
return; Stocks--Rate of return.
Vijay Singal (2004).
Beyond the Random Walk: A Guide to Stock Market Anomalies and
Low-Risk Investing. (New York, NY: Oxford University
Press, 350 p.). Investments; Stock exchanges.
Robert Sloan (2009).
Don't Blame the Shorts: Why Short Sellers
Are Always Blamed for Market Crashes and How History Is
Repeating Itself. (New
York, NY, McGraw-Hill, 272 p.). Former managing director, and
the global head of prime brokerage and equity finance and a
member of both the Securities Division Operating Committee and
the Product Managers Committee of Credit Suisse First
Boston. Short selling; speculation.
Deep roots of conflict over
speculative investing, its role in economy; vital systemic
(and symbolic) role short-selling plays in making financial
markets less opaque, more accountable, stronger, fuels
financial system; shorting, financing that goes hand in hand
with it- at heart of every transaction Wall Street performs
to make money flow through country's system; without shorting
- no credit in markets where risk is highest: high yield,
distressed, convertible bonds, equities; chokes economic
activity.
Robert Sobel (1987).
The New Game on Wall Street (New York, NY: Wiley, 240
p.). Stocks--United States; Investments--United States.
George Soros with a foreword by Paul Tudor
Jones II (1994).
The Alchemy of Finance : Reading the Mind of the Market
(New York, NY: Simon & Schuster, 367 p. (orig. pub. 1987)).
Investments.
Robert J. Stillman (1986).
Dow Jones Industrial Average: History and Role in an Investment
Strategy (Homewood, IL: Dow Jones-Irwin, 217 p.). Dow
Jones & Co.; Dow Jones industrial average.
David F. Swensen (2005).
Unconventional Success: A Fundamental Approach to Personal
Investment. (New York, NY: Free Press, 416 p.). Chief
Investment Officer (Yale). Portfolio management; Investments;
Mutual funds; Finance, Personal.
Mark Tier (2005).
Becoming Rich: The Wealth-Building Secrets of the World’s Master
Investors, Buffett, Icahn, Soros. (New York, NY: St.
Martin’s Press, 258 p.). Founder of World Money Analyst
newsletter. Buffett, Warren; Soros, George; Investments;
Portfolio management. Secrets that made Buffet, Icahn, and Soros the world's three
richest investors.
John Train (1980).
The Money Masters (New York, NY: Harper & Row, 296 p.).
Capitalists and financiers--United States--Biography;
Investments--United States.
--- (1983).
Preserving Capital and Making It Grow (New York, NY:
C.N. Potter, 274 p.). Investments -- Handbooks, manuals, etc.;
Finance, Public -- Handbooks, manuals, etc.
--- (1989).
The New Money Masters (New York, NY: Harper & Row, 385
p.). Capitalists and financiers--United States--Biography;
Investments--United States. New York Times Book Review Notable
Books of the Year.
--- (1994).
The Craft of Investing (New York, NY: HarperBusiness,
213 p.). Stocks, Investments.
Pablo Triana (2009).
Lecturing Birds on Flying: Can Mathematical Theories Destroy the
Financial Markets? (Hoboken, NJ: Wiley, 350 p.).
Derivatives Experience on Trading Floor, as a Professor,
Consultant. Finance; Economics. Indictment of trustworthiness of
financial theory; how malfunctions in quantitative machines have
wreaked havoc in real world; whether financial markets can be
solved mathematically; origin of many prevalent theories,
mathematical dictums; how field of financial economics evolved
from descriptive to abstract discipline; most significant
historical episodes of theory-caused real-life market malaise.
Ralph Wanger (1997). A Zebra in Lion
Country: Ralph Wanger's Investment Survival Guide (New York,
NY: Simon & Schuster, 251 p.). Investments; Securities; Finance,
Personal.
Jason Zweig (2007).
Your Money and Your Brain: How the New Science of Neuroeconomics
Can Help Make You Rich. (New York NY: Simon & Schuster,
352 p.). Senior writer and Columnist (Money magazine); Former
Senior Editor (Forbes). Investments--Psychological aspects;
Finance--Decision making; Neuroeconomics. Battle between reason and
emotion. Why smart people make stupid financial decisions, what
to do to avoid these mistakes; why risk is often misunderstood,
why overconfidence about investing decisions.
Martin E. Zweig (1986).
Winning on Wall Street (New York, NY: Warner Books, 293
p.). Stocks -- United States; Speculation; Investments -- United
States.
