| Foreword---Investing in the Internet Age: In Search of Jack |
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xiii | |
| Acknowledgments |
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xv | |
| Introduction |
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1 | (18) |
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2 | (2) |
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Investor Performance? Ha! |
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3 | (1) |
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Few Exceptions to the Rule |
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4 | (1) |
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4 | (1) |
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Copying: Investment Flattery Done Profitably |
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5 | (2) |
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6 | (1) |
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Investing in the Age of Social Media |
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7 | (3) |
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Social Media for Investment Research |
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8 | (1) |
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9 | (1) |
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10 | (3) |
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13 | (1) |
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14 | (2) |
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16 | (1) |
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It's Time to Tradestream Your Portfolio |
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17 | (2) |
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Chapter 1 Ride the Long Tail---Financial Blogging: The World's Largest (Free) Investment Research Organization |
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19 | (26) |
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The Long Tail of the Financial Internet |
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20 | (2) |
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22 | (1) |
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The Demise of Traditional Research |
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22 | (3) |
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Online Finance's 800-Pound Gorilla |
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25 | (1) |
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The Blogger's Rise and the End of the Megabuck Website |
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25 | (2) |
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Why These Highly Paid Analysts Write Blogs |
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27 | (1) |
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28 | (2) |
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Why This Trend Is So Important |
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30 | (3) |
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32 | (1) |
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32 | (1) |
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Global Trading Creates New Demands |
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33 | (1) |
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Finance 2.0: Real-Time Research Platform |
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34 | (1) |
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Research via Microblogging: Twitter and Social Media |
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35 | (4) |
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36 | (1) |
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37 | (2) |
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Bloggers as New Form of Investment Analyst |
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39 | (2) |
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The Move Beyond the Website |
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41 | (4) |
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Chapter 2 Piggyback the Pros---Following Top Money Managers' Every Move Pays Off |
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45 | (28) |
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45 | (2) |
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Do Hedge Funds Really Outperform? |
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47 | (10) |
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50 | (1) |
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Hedge Funds as State-of-the-Art Research Machines |
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51 | (1) |
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52 | (2) |
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Big Gains from Small Companies |
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54 | (1) |
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55 | (1) |
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56 | (1) |
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Piggybacking the Pros Works |
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57 | (4) |
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Two Objections to Piggybacking |
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58 | (3) |
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Broad and Deep Implications |
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61 | (1) |
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Tracking Gurus Is a Breakthrough |
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61 | (1) |
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Step-by-Step Piggyback Portfolio Building |
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62 | (3) |
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Individual Portfolio Clone |
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65 | (1) |
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66 | (7) |
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What Top Investors Are Doing |
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67 | (3) |
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70 | (1) |
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70 | (1) |
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AlphaClone-Powered Portfolios |
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71 | (2) |
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Chapter 3 Commune with the Experts---Follow Your Neighbor: He May Turn Out to be the Next Warren Buffett |
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73 | (32) |
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Not Your Father's Stock-Picking Communities |
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73 | (2) |
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Types of Expert Communities |
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75 | (1) |
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Why Investors Are Turning to Experts |
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75 | (1) |
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76 | (2) |
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Expert Communities for Investors |
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78 | (1) |
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Gerson Lehrman: Connecting Hedge Rinds with Industry Experts |
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79 | (4) |
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81 | (1) |
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What Clients Are Asking Experts |
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82 | (1) |
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Expertise for the Rest of Us |
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83 | (5) |
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84 | (1) |
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Social Networking and Blogging |
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85 | (3) |
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Moving toward Managing Real Investor Money |
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88 | (3) |
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89 | (1) |
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Covestor Plays above the Rim |
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90 | (1) |
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Inner Workings of Expert Platforms |
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91 | (3) |
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91 | (1) |
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92 | (1) |
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Transparency: The Human Algorithm |
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93 | (1) |
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94 | (2) |
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94 | (1) |
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Three Ways to Grow a Registered Investment Advisory |
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95 | (1) |
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Tradestreaming His Way to Expert Status |
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96 | (1) |
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Future of the Financial Advice Industry |
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96 | (1) |
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Differences between Crowdsourcing and Expert Communities |
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96 | (1) |
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Next Stop: Investment Management |
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97 | (2) |
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Other Sources of Expert Investment Advice to Mimic |
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99 | (3) |
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Join the (Expensive) Club |
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100 | (1) |
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SumZero: Definitely Not Zero Sum |
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100 | (1) |
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Hedge Fund Collaboration of Ideas |
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101 | (1) |
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102 | (3) |
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Chapter 4 Crowdsource Your Portfolio---Tapping the Wisdom of Crowds for Investment Ideas |
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105 | (28) |
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Guru Dinner Experiment: Crowdsourcing Investment Ideas |
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105 | (2) |
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106 | (1) |
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107 | (2) |
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Research with an Ear to the Ground |
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109 | (1) |
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Crowdsourcing: An Overview |
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109 | (2) |
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110 | (1) |
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Crowdsourcing and the Wisdom of Crowds |
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111 | (7) |
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By the People, for the People |
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113 | (1) |
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114 | (1) |
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114 | (1) |
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114 | (1) |
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115 | (1) |
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115 | (3) |
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Crowdsourcing Investments |
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118 | (1) |
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119 | (1) |
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Wikinvest: Enabling Crowdsourced Investments |
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120 | (6) |
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121 | (3) |
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124 | (2) |
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Piqqem: A Better Way for Investors to Pick 'Em |
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126 | (4) |
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Two Levels of Functionality |
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127 | (1) |
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Piqqem's Five Flavors of Sentiment |
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128 | (2) |
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Schroy's Capital Market Wiki |
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130 | (3) |
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Chapter 5 Screening 2.0---Bringing the Best Investors' Strategies Back to Life via Computer Simulation |
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133 | (28) |
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Screening 2.0: Re-Creating Guru Strategies Online |
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133 | (4) |
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134 | (1) |
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135 | (1) |
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136 | (1) |
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Extending Reese's Guru Strategies |
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137 | (1) |
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137 | (2) |
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Piggybacking versus Screening 2.0 |
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138 | (1) |
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139 | (1) |
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A Brief History of Stock Screening |
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140 | (4) |
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142 | (1) |
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Couple of Honorable Mentions |
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143 | (1) |
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Simulating History's Best Investors via Computer |
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144 | (1) |
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145 | (8) |
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Joel Greenblatt's Magic Formula |
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145 | (3) |
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Ken Fisher and Super Stocks |
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148 | (2) |
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Peter Lynch Outdoes Wall Street |
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150 | (3) |
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153 | (4) |
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154 | (1) |
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154 | (1) |
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155 | (1) |
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156 | (1) |
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Stock Picking and Portfolio Development |
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157 | (1) |
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Why Screening 2.0 Is So Important |
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158 | (3) |
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Chapter 6 Tracking Inside Moves---Pursue Corporate Executives in Their Search for Wealth |
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161 | (28) |
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161 | (2) |
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The Problem with (Illegal) Insider Trading |
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163 | (1) |
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Differentiating Inside Information |
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164 | (2) |
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165 | (1) |
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A Different Type of Expert |
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166 | (1) |
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Why Be in Business in the First Place? |
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166 | (2) |
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168 | (1) |
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Insiders Trade Profitably |
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168 | (1) |
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Investor Reaction to Inside Moves |
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169 | (1) |
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169 | (3) |
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170 | (1) |
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171 | (1) |
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172 | (1) |
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How Are Insiders Basing Their Decisions? |
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173 | (2) |
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Tracking Insiders: The Strategy |
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175 | (4) |
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Tracking Inside Moves: A Checklist |
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179 | (5) |
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Pros and Cons of the SEC Database |
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180 | (1) |
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180 | (1) |
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Determining What Insiders Are Doing from Their Filings |
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181 | (3) |
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Where to Turn for Insider Trading Information |
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184 | (2) |
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184 | (2) |
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186 | (3) |
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Chapter 7 Grind the Rumor Mill---Sorting Truths from Falsehoods and Profiting from News Flow |
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189 | (22) |
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Buy the Rumor and Sell the News |
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189 | (1) |
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190 | (2) |
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Rumors and Hearsay Are Important.,. Sort Of |
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192 | (1) |
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193 | (4) |
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194 | (3) |
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Rumors and How They Affect Trading |
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197 | (3) |
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Rumors and Preannouncement Trading |
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198 | (1) |
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Trade the Preannouncement Rumors |
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199 | (1) |
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Antitakeover Rumor Strategy |
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200 | (2) |
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Trading Whisper-Number Volatility |
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202 | (2) |
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Crowdsourcing Rumors in Real Time |
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204 | (7) |
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205 | (1) |
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Briefing.com: Adding in Analysis to Rumor Flow |
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206 | (1) |
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207 | (1) |
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Bulls and Bears---at the Same Time |
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208 | (3) |
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Chapter 8 Co-Lateral Research---Find the Investment Value in Nonfinancial Information on the Internet |
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211 | (48) |
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There's Value Outside of Traditional Research |
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211 | (2) |
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The Internet and Transparency |
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213 | (2) |
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215 | (2) |
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217 | (1) |
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218 | (1) |
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Google Domestic Search Trends |
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219 | (5) |
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Prediction Markets Predict the Future |
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224 | (4) |
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Intrade: Real Money and Real Investment Potential |
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228 | (2) |
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Crowdsourcing Your Portfolio versus Co-Lateral Research |
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230 | (1) |
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Seeking Alpha's Secret Weapon |
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231 | (6) |
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Summary The Future of Finance---Online Brokerage App Stores and New Global Markets |
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237 | (2) |
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239 | (4) |
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Online Brokerage App Stores |
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243 | (4) |
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Investment Field Riddled with Platforms |
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244 | (1) |
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Online Brokerages as Investment Platform |
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245 | (1) |
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Ameritrade's Premier Partners Platform |
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245 | (1) |
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The Future of the Online Broker |
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246 | (1) |
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247 | (3) |
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247 | (1) |
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248 | (2) |
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Content Providers as Asset Managers |
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250 | (2) |
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Return of Active Asset Management |
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252 | (4) |
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254 | (2) |
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256 | (1) |
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256 | (3) |
| Notes |
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259 | (10) |
| About the Author |
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269 | (2) |
| Index |
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271 | |
