Page 306

306

62. “Technical Note: Calculation of Forecasting Accuracy”, SEI Corporation position paper, April 1992. 63. “Guru Grades”, CXO Advisory, March 31, 2014, http://www.cxoadvisory. com/gurus/, Copyright: CXO Advisory Group LLC:Reproduced with permission. Due to space limitations, we limited the chart to gurus with more than 100 forecasts for the period ending Dec. 31, 2012 64. Michael Edesess, The Big Investment Lie: What Your Financial Advisor Doesn’t Want You to Know (San Francisco: Berrett-Koehler Publishers, Inc., 2007). 65. John Graham and Campbell Harvey, “Market Timing Ability and Volatility Implied in Investment Newsletters’ Asset Allocation Recommendations,” Journal of Financial Economics, vol. 42, no. 3 (1996). 66. “Calming Words for Troubled Times,” money.cnn.com, last modified April 28, 2008, http://money.cnn.com/galleries/2008/pf/0804/gallery. expert_opinions.moneymag/12.html. 67. H. Nejat Seyhun, University of Michigan, “Stock Market Extremes and Portfolio Performance,” commissioned by Towneley Capital Management, 1994 68. Robert C. Higgins, Analysis for Financial Management (New York: McGrawHill/Irwin, 2004). 69. Eugene F. Fama, Lawrence Fisher, Michael Jensen, and Richard Roll, “The Adjustment of Stock Prices to New Information,” International Economic Review, vol. 10, no. 1 (1969). 70. Swensen, Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment (New York: The Free Press, 2000). 71. Bob Dylan, The Times They Are a-Changin’, song, Columbia Studios, 1964

72. John C. Bogle, “The Arithmetic of ‘All-In’ Investment Expenses”. Financial Analysts Journal, January/February 2014, pp 13-21. 73. Michael Rawson, “Survivorship Bias,” Seeking Alpha, April 11, 2014 74. Amit Goyal and Sunil Wahal, “The Selection and Termination of Investment Management Firms by Plan Sponsors,” The Journal of Finance, vol. 63, no. 4 (2008).

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...

Read more
Read more
Similar to
Popular now
Just for you