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· 분류 : 외국도서 > 경제경영 > 투자/증권 > 금융자산 관리
· ISBN : 9781119747918
· 쪽수 : 416쪽
· 출판일 : 2023-09-06
목차
Foreword xiii
Preface xvii
About the Authors xxi
Acknowledgments xxiii
Chapter 1: Introduction: The Puzzle of the Missing Billionaires 1
Section I: Investment Sizing 13
Chapter 2: Befuddled Betting on a Biased Coin 15
Chapter 3: Size Matters When It’s for Real 27
Chapter 4: A Taste of the Merton Share 41
Chapter 5: How Much to Invest in the Stock Market? 49
Chapter 6: The Mechanics of Choice 67
Chapter 7: Criticisms of Expected Utility Decision- making 103
Chapter 8: Reminiscences of a Hedge Fund Operator 117
Section II: Lifetime Spending and Investing 127
Chapter 9: Spending and Investing in Retirement 129
Chapter 10: Spending Like You’ll Live Forever 149
Chapter 11: Spending Like You Won’t Live Forever 165
Section III: Where the Rubber Meets the Road 173
Chapter 12: Measuring the Fabric of Felicity 175
Chapter 13: Human Capital 193
Chapter 14: Into the Weeds: Characteristics of Major Asset Classes 201
Chapter 15: No Place to Hide: Investing in a World with No Safe Asset 235
Chapter 16: What About Options? 245
Chapter 17: Tax Matters 265
Chapter 18: Risk Versus Uncertainty 275
Section IV: Puzzles 285
Chapter 19: How Can a Great Lottery Be a Bad Bet? 287
Chapter 20: The Equity Risk Premium Puzzle 291
Chapter 21: The Perpetuity Paradox and Negative Interest Rates 297
Chapter 22: When Less Is More 303
Chapter 23: The Costanza Trade 309
Chapter 24: Conclusion: U and Your Wealth 319
Bonus Chapter: Liar’s Poker and Learning to Bet Smart 327
Cheat Sheet 335
A Few Rules of Thumb 340
Endnotes 343
Suggested Reading 357
References 359
Index 373