| Preface |
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xiii | |
| Acknowledgments |
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xix | |
| About the Author |
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xxiii | |
| Introduction |
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1 | (1) |
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Can 95 Million Investors Be Wrong? |
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2 | (7) |
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A Challenge: Blunt Honesty without Turning Off the Investor |
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9 | (2) |
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11 | (7) |
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18 | (5) |
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23 | (30) |
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24 | (4) |
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One-of-a-Kind Career on Wall Street |
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28 | (19) |
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47 | (2) |
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49 | (4) |
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Part One: Deepest Convictions About Successful Investing After 40 Years On Wall Street |
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53 | (198) |
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The Three Best Things to Have before Starting to Invest |
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55 | (12) |
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56 | (4) |
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60 | (1) |
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61 | (6) |
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67 | (48) |
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67 | (11) |
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There's Always an Exact Opposite Opinion |
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78 | (3) |
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We're Predisposed to Fail, But Not Predestined |
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81 | (3) |
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There Is Symmetry in the Market |
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84 | (8) |
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The Market Is King---News Is Mostly Irrelevant |
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92 | (19) |
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The Durability of Major Trends Is Underestimated |
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111 | (4) |
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115 | (50) |
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Asset Allocation Is Key to Managing Risk |
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115 | (7) |
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Proper Entry Level Is Crucial |
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122 | (6) |
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Be Aware of the Negatives: There's Always a Column A and a Column B |
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128 | (1) |
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The Best You Can Do Is Put the Odds in Your Favor |
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129 | (12) |
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The Worst You Can Do Is Be Totally and Instantly Informed (A Critique of CNBC) |
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141 | (4) |
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Many Strategies Can Work---The Key Is Consistency |
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145 | (17) |
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Index Funds: The Answer for Most, But Not the Whole Answer |
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162 | (3) |
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165 | (86) |
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After You Buy, It'll Always Go Lower |
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165 | (1) |
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166 | (1) |
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Conventional Wisdom Is More Conventional than Wisdom |
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167 | (4) |
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Humility Is Sadly Lacking on Wall Street |
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171 | (2) |
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A Sure Thing If You Have the Patience |
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173 | (3) |
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No Single Stock Has to Be Bought |
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176 | (1) |
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The Sticky Question of When to Sell |
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176 | (7) |
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Mergers Are Good for Everyone Except Stockholders |
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183 | (2) |
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Get Children Started Early |
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185 | (4) |
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189 | (3) |
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Face It, It's History; Put It Behind You |
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192 | (1) |
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Investigate, Then Invest---Hogwash |
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193 | (3) |
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196 | (7) |
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How to Answer Questions about the Market |
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203 | (2) |
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Giving Advice to Relatives---Tread Lightly |
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205 | (1) |
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206 | (1) |
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Losses Are Inevitable---A Big Loss Unacceptable |
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207 | (2) |
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ETFs Are a Beautiful Thing |
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209 | (3) |
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Rising Dividends Are More Important than Big Dividends |
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212 | (3) |
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The Broker and the Case for Discretion |
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215 | (4) |
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All Investors Are Not Created Equal |
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219 | (2) |
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Low Commissions Make Online Trading Hard to Resist |
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221 | (1) |
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Understand Your Own Temperament |
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222 | (2) |
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The Upside-Down Stock Market |
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224 | (5) |
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229 | (1) |
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``When'' Is More Important than ``What'' |
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230 | (1) |
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No Place to Hide for the Investor |
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231 | (3) |
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The Rarity of Inside Information |
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234 | (1) |
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What's a Reasonable Return? |
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235 | (3) |
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The Market Is Typically Dull and Indecisive |
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238 | (1) |
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Interest Rates---The Most Difficult of All to Forecast |
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239 | (4) |
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The Brilliant Market Call |
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243 | (1) |
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Your Results Will Differ From Your Fund's |
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244 | (2) |
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You Can Make Money in a Down Market |
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246 | (3) |
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No One Has a Monopoly on the Right Answers |
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249 | (2) |
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Part Two: Okay, So What Do I Do With My Money? |
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251 | (204) |
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Active versus Passive Investing |
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253 | (32) |
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254 | (4) |
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Passive Investing---An Overview |
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258 | (6) |
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Index Funds: What's Most Important To Know |
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264 | (21) |
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Passive Investing: Twenty-Eight Model Index Fund Portfolios |
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285 | (84) |
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285 | (9) |
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Paul Farrell: Lazy Man Portfolios |
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294 | (3) |
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Twenty-Eight Model Index Fund Portfolios |
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297 | (72) |
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Active Investing with Mutual Funds |
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369 | (24) |
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Ways for Do-It-Yourselfers to Outperform the Market: Introduction |
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370 | (2) |
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Life-Cycle/Target Retirement Funds |
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372 | (4) |
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Mutual Funds: 18 Key Points |
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376 | (17) |
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Active Investing with Stocks |
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393 | (36) |
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394 | (7) |
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``My One Favorite Stock'' Lists |
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401 | (2) |
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403 | (4) |
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407 | (1) |
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408 | (2) |
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410 | (1) |
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411 | (3) |
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The CAN SLIM Approach: William O'Neil |
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414 | (3) |
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The Magic Formula: Joel Greenblatt |
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417 | (3) |
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Jeremy Siegel's Dividend Approach |
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420 | (4) |
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424 | (1) |
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425 | (4) |
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429 | (26) |
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Great Investment Books: The Right Kind of Homework |
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429 | (7) |
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436 | (11) |
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Wrap-Up: What I Hope You Take Away |
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447 | (8) |
| Index |
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455 | |
