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Preface |
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Acknowledgments |
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About the Author |
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Introduction |
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Can 95
Million Investors Be Wrong? |
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A
Challenge: Blunt Honesty without Turning Off the Investor |
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Where
I’m Coming From |
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Housekeeping Notes |
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Chapter 1: Personal
Background |
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Pre–Wall Street |
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One-of-a-Kind Career on Wall Street |
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Post–Wall Street |
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Modesty Adds Credibility |
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Part
One: Deepest Convictions About Successful Investing
After 40 Years On Wall Street |
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Chapter 2: The Three Best Things to Have before Starting to
Invest |
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Luck
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Longevity |
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Deep
Pockets |
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Chapter 3: Six Absolutes |
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1.
Nobody Knows the Answers |
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2.
There’s Always an Exact Opposite Opinion |
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3.
We’re Predisposed to Fail, But Not Predestined |
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4.
There Is Symmetry in the Market |
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5. The
Market Is King—News Is Mostly Irrelevant |
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6. The
Durability of Major Trends Is Underestimated |
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Chapter 4: Seven Core Convictions |
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1.
Asset Allocation Is Key to Managing Risk |
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2.
Proper Entry Level Is Crucial |
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3. Be
Aware of the Negatives: There’s Always a Column A and a Column
B |
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4. The
Best You Can Do Is Put the Odds in Your Favor |
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5. The
Worst You Can Do Is Be Totally and Instantly Informed (A
Critique of CNBC) |
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6.
Many Strategies Can Work—The Key Is Consistency |
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7.
Index Funds: The Answer for Most, But Not the Whole Answer
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Chapter 5: Thirty-Five Nuggets |
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1.
After You Buy, It’ll Always Go Lower |
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2.
CEOs on Their Own Stock |
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3.
Conventional Wisdom Is More Conventional than Wisdom |
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4.
Humility Is Sadly Lacking on Wall Street |
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5. A
Sure Thing If You Have the Patience |
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6. No
Single Stock Has to Be Bought |
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7. The
Sticky Question of When to Sell |
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8.
Mergers Are Good for Everyone Except Stockholders |
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9. Get
Children Started Early |
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10.
Don’t Rebuke Yourself |
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11.
Face It, It’s History; Put It Behind You |
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12.
Investigate, Then Invest—Hogwash |
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13.
Cramer versus Kirk |
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14.
How to Answer Questions about the Market |
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15.
Giving Advice to Relatives—Tread Lightly |
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16.
When Greed Paid Off |
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17.
Losses Are Inevitable—A Big Loss Unacceptable |
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18.
ETFs Are a Beautiful Thing |
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19.
Rising Dividends Are More Important than Big Dividends |
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20.
The Broker and the Case for Discretion |
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21.
All Investors Are Not Created Equal |
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22.
Low Commissions Make Online Trading Hard to Resist |
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23.
Understand Your Own Temperament |
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24.
The Upside-Down Stock Market |
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25.
Every Group Has Its Day |
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26.
“When” Is More Important than “What” |
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27. No
Place to Hide for the Investor |
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28.
The Rarity of Inside Information |
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29.
What’s a Reasonable Return? |
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30.
The Market Is Typically Dull and Indecisive |
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31.
Interest Rates—The Most Difficult of All to Forecast |
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32.
The Brilliant Market Call |
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33.
Your Results Will Differ From Your Fund’s |
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34.
You Can Make Money in a Down Market |
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35. No
One Has a Monopoly on the Right Answers |
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Part
Two: Okay, So What Do I Do With My Money? |
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Chapter 6: Active versus Passive Investing |
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The 80
– 20 Solution |
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Passive Investing—An Overview |
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Index
Funds: What’s Most Important To Know |
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Chapter 7: Passive Investing |
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Setting the Table |
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Paul
Farrell: Lazy Man Portfolios |
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Twenty-Eight Model Index Fund Portfolios |
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Chapter 8: Active Investing with Mutual Funds |
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Ways
for Do-It-Yourselfers to Outperform the Market: Introduction |
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Life-Cycle/Target Retirement Funds |
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Mutual
Funds: 18 Key Points |
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Chapter 9: Active Investing with Stocks |
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Newsletters |
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“My
One Favorite Stock” Lists |
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Piggybacking the Masters |
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Virtual Investing |
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Stock
Screens |
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Brokerage Focus Lists |
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Stock-Picking Columnists |
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The
CAN SLIM Approach: William O’Neil |
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The
Magic Formula: Joel Greenblatt |
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Jeremy
Siegel’s Dividend Approach |
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Private Money Managers |
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Best
Web Sites and Blogs |
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Chapter 10: Conclusion |
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Great
Investment Books: The Right Kind of Homework |
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Sayings and Quotations |
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Wrap-Up: What I Hope You Take Away |
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Index |
