Swedroe, Larry E.
Bibliographic record and links to related information available from the Library of Congress catalog
Introduction
Part One. The Loser's Game-
The Game Wall Street Wants You To Play
Chapter 1. Why Individual Investors Play the Loser's Game 9
Chapter 2. Active Portfolio Management Is a
Loser's Game 17
Part Two. Efficient Markets and
Modern Portfolio Theory
Chapter 3. Efficient Markets I-Information and Costs 59
Chapter 4. Efficient Markets II-Risk 105
Chapter 5. The Five-Factor Model 125
Chapter 6. Volatility, Return, and Risk 135
Part Three. The Winner's Game:
Make Modern Portfolio Theory Work for You
Chapter 7. Six Steps to a Diversified Portfolio
Using Modem Portfolio Theory 147
Chapter 8. How to Build a Model Portfolio 163
Chapter 9. Rebalancing and Style Drift 193
Chapter 10. Implementing the Winning Strategy 207
Chapter 11. Summary 225
Epilogue 235
The Library 237
The Modem Portfolio Theory Challenge 238
Exhibits 239
Appendices 241
Glossary 272
Notes 279
Acknowledgments 283
Index 285