[eBook Code] The Little Book of Alternative Investments (eBook Code, 1st)

Introduction: Are You Alternative? Dare to Expose Yourself xiii

Chapter One Everything You Know Is Wrong: Classify Your Investments the Alternative Way 1

Chapter Two Efficient Market Theory and Its Discontents: Out with the Old, In with the New—Overhauling the 60/40 Portfolio 17

Chapter Three Collectibles as Investments: Beauty in the Eye of the Marketplace 37

Chapter Four More Alternatives We Don’t Love: The Elephant’s Graveyard of Financial Products 49

Chapter Five Conventional Alternatives I—Commodities: To Make a Killing, Take Out a Contract 67

Chapter Six Conventional Alternatives II—Real Estate: In Real Estate We Trust 83

Chapter Seven The Ultimate Alternative Investments: Hedge Fundamentals 95

Chapter Eight So Why Invest in Hedge Funds?: Okay, We Lied 119

Chapter Nine A Field Guide to Hedge Funds, Part One: The Long and the Short of It 133

Chapter Ten A Field Guide to Hedge Funds, Part Deux: Arbitrage, et al. 151

Chapter Eleven One-Fund Solutions: Destroy All Replicants—or Not? 171

Chapter Twelve Hedge Funds Pigs in Mutual Fund Blankets: The Mutual Fund Beauty Pageant Begins 189

Chapter Thirteen Adding Alternative Investments to Your Portfolio: Finding Your Portfolio’s G-Spot 213

Conclusion: Quest into the Unknown 239

Appendix: Fundamentals 243

Acknowledgments 253

About the Authors 255