بهترین نوشته‌ها در سرمایه‌گذاری، جلد ۲: منتخبی از نوشته‌های سرمایه‌گذاران و نویسندگان برجسته ۲۰۱۸
THE BEST INVESTMENT WRITING VOLUME 2: Selected writing from leading investors and authors 2018

1. Contents

2. Introduction

3. Market Conditions, Risk & Returns

4. ‘The Evolution of Equity Markets’ by Elroy Dimson, Paul Marsh and Mike Staunton

5. ‘The Reasonable Formation of Unreasonable Things: An explanation of market bubbles that doesn’t blame greed or incompetence, and a strategy to protect yourself from their inevitability’ by Morgan Housel

6. ‘An Expert’s Guide to Calling a Market Top: The landscape is filled with pundits predicting the demise of the bull market. Here’s how to get in on the action’ by Barry Ritholtz

7. ‘Why $1 Trillion Will Soon Flow Into China’ by Steve Sjuggerud

8. ‘Crescat Capital Quarterly Investor Letter Q3 2017’ by Kevin C. Smith, Otavio Costa and Nils Jenson

9. ‘Tackling Myths in Investing: Bonds Lose Value if Rates Rise’ by Cullen Roche

10. ‘Mind the Gap: Global Investor Returns Show the Costs of Bad Timing Around the World’ by Russel Kinnel

11. ‘A Letter to Jamie Dimon: And anyone else still struggling to understand cryptocurrencies’ by Adam Ludwin

12. ‘Running Out of Workers’ by Tom McClellan

13. ‘10,000 Hours or 10 Minutes: What Does It Take to Be a “World-Class” Investor?’ by Charlie Bilello

14. ‘Forecasting Factor and Smart Beta Returns: (Hint: History Is Worse than Useless)’ by Rob Arnott, Noah Beck and Vitali Kalesnik

15. ‘Catching Up With The Tiger Cubs’ by Stan Altshuller

16. Investment Portfolios, Strategies & Edges

17. ‘You Still Have Made a Choice’ by Rusty Guinn

18. ‘The Three-Body Problem’ by Ben Hunt

19. ‘Passive Investing Misconceptions’ by Larry Swedroe

20. ‘How to Become a Professional Trader’ by Andreas F. Clenow

21. ‘The One Business I’ll Teach My Children’ by Porter Stansberry

22. ‘Factor Investing is More Art, and Less Science’ by Wesley R. Gray

23. ‘Waiting for the Market to Crash is a Terrible Strategy’ by Samuel Lee

24. ‘The Best Way to Add Yield to Your Portfolio’ by Meb Faber

25. ‘Skis and Bikes: The Untold Story of Diversification’ by Adam Butler, Michael Philbrick and Rodrigo Gordillo

26. ‘A Benchmark for Efficient Asset Allocation’ by Peter Mladina, Charles Grant and Steven Germani

27. ‘Revenge of the Humans: How Discretionary Managers Can Crush Systematics’ by Leigh Drogen

28. ‘“Passive” Investing: Theory and Practice in a Global Market’ by Jonathan Seed

29. ‘A Smoother Path to Outperformance with Multi-Factor Smart Beta Investing’ by Chris Brightman, Vitali Kalesnik, Feifei Li and Joseph Shim

30. ‘Microcaps’ Factor Spreads, Structural Biases, and the Institutional Imperative’ by Ehren Stanhope

31. Pricing & Valuation

32. ‘The Bitcoin Boom: Asset, Currency, Commodity or Collectible?’ by Aswath Damodaran

33. ‘Portfolios in Wonderland & The Weird Portfolio’ by Corey Hoffstein

34. ‘Net Buybacks Supplement Dividend Yields and Support Future Per Share Growth’ by Jeremy Schwartz

35. ‘Is Market Valuation Determined By Sectors?’ Norbert Keimling

36. ‘FAANG SCHMAANG: Don’t Blame the Overvaluation of the S&P Solely on Information Technology’ by Anna Chetoukhina and Rick Friedman

37. ‘Making Private Equity Great Again’ by Dan Rasmussen

38. ‘Factors are Not Commodities’ by Chris Meredith

39. ‘Buyback Derangement Syndrome’ by Clifford Asness, Todd Hazelkorn, and Scott Richardson

40. ‘Reconciliation Principle: Returns and Forecasts Must Add Up’ by Ed Easterling

41. ‘Stock Size Deciles’ by Meb Faber

42. Personal Finance, Behavioral Biases & Beyond

43. ‘Timely Tale’ by Jonathan Clements

44. ‘The Distribution of Pain’ by John Mauldin

45. ‘The Great Financial Forecasting Hoax: Why Stock Market Predictions Are Dangerous To Your Wealth’ by Todd Tresidder

46. ‘The Evolution of the Four Pillars for Retirement Income Portfolios’ by Michael Kitces

47. ‘Why Selling a Big Position of Puts the Day Before the Crash of ’87 was a Great Trade’ by Jim O’Shaughnessy