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Bibliography

Several research sources cited are linked to JSTOR, a digital library of academic journals, books, and primary sources. Access to material is free with registration, and you can save documents to a personal shelf. For details on registering, see http://about.jstor.org/rr.

 

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Bernstein, Peter L. Against the Gods: The Remarkable Story of Risk. New York: John Wiley & Sons, Inc., 1998.

Bogle, John C. “Achieving Greater Long-Term Wealth Through Index Funds.” By Charles Rotblut. AAII Journal 36, no. 6 (2014): 13-17.

Bogle, John C. Common Sense on Mutual Funds. 10th ed. Hoboken: John Wiley & Sons, Inc., 2010.

Bogle, John C. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns. Hoboken: John Wiley & Sons, Inc., 2007.

Brain Games, National Geographic Channel.

CalPERS

Cloonan, James B. AAII Model Portfolios Commentary. AAII Journal.

Credit Suisse Hedge Fund Index

Edelen, Roger M., Richard B. Evans, and Gregory B. Kadlec. “Scale Effects in Mutual Fund Performance: The Role of Trading Costs.” SSRN (2007).

Einstein, Albert. “Investigations on the Theory of the Brownian Movement.” Annalen der Physik 322, no. 8 (1905): 549-560 (randomness).

Fama, Eugene F. “The Behavior of Stock-Market Prices.” The Journal of Business 38, no. 1 (1965): 34-105.

Fama, Eugene F., and Kenneth R. French. “A Five-Factor Asset Pricing Model.” Journal of Financial Economics 116, no. 1 (2015): 1-22.

Fama, Eugene F., and Kenneth R. French. “Common Risk Factors in the Returns on Stocks and Bonds.” Journal of Financial Economics 33, no. 1 (1993): 3-56.

Fama, Eugene F., and Kenneth R. French. “Cross-Section of Expected Stock Returns.” The Journal of Finance 47, no. 2 (1992): 427-465.

Fama, Eugene F., and Kenneth R. French. “Dissecting Anomalies.” Journal of Finance 63, no. 4 (2008): 1653-1678.

Fama, Eugene F., and Kenneth R. French. “Multifactor Explanations of Asset Pricing Anomalies.” The Journal of Finance 51, no. 1 (1996): 55-84.

Fox, Justin. The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. New York: HarperBusiness, 2009.

Frederick, Shane. “Cognitive Reflection and Decision Making.” Journal of Economic Perspectives 19, no. 4 (2005): 25-42. Link to test:

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Hennessee Hedge Fund Index, Hennessee Group.

Howard, C. Thomas. “Driving Emotions From Your Investment Process: A 12-Step Program.” AAII Journal 36, no. 9 (2014): 27-31.

Hulbert, Mark. “Long Term Performance Ratings.” Hulbert Financial Digest 36, no. 5 pt. 2 (2016): 1-16.

Hulbert, Mark. Hulbert Financial Digest 36, no. 4 (2015): 2.

Hulbert, Mark. Hulbert Financial Digest 36, no. 5 pt. 1 (2016): 5-16.

Ibbotson, Roger G. and Rex A. Sinquefield. Ibbotson SBBI 2015 Yearbook. Stocks, Bonds, Bills and Inflation, 1982 ed. Institute of Chartered Financial Analysts, Charlottesville, Va.

Kahneman, Daniel, and Amos Tversky. “Availability: A Heuristic for Judging Frequency and Probability.” Cognitive Psychology 5, no. 2 (1973): 207-232.

Kahneman, Daniel, and Amos Tversky. “Judgment Under Uncertainty: Heuristics and Biases.” Science 185, no. 4157 (1974): 1124-1131.

Kahneman, Daniel, and Amos Tversky. “Prospect Theory: An Analysis of Decision Under Risk.” Econometrica 47, no. 2 (1979): 263-292.

Kahneman, Daniel. Thinking, Fast and Slow. New York: Farrar, Straus and Giroux, 2013.

Keynes, John Maynard. The General Theory of Employment, Interest, and Money. Orlando: Harcourt, Inc., 1965.

Kurtz, Walter. “The 20-Year Performance of Hedge Funds and the S&P 500 Are Almost Identical.” Business Insider, August 12, 2013.

Loomis, Carol J. “Warren Buffett Loses a Bit of Ground in His ‘Million-Dollar Bet’.” Fortune, February 16, 2016.

Magic Formula Investing

Malkiel, Burton G. A Random Walk Down Wall Street. 11th ed. New York: W. W. Norton & Company, Inc., 2015.

Mallaby, Sebastian. More Money Than God: Hedge Funds and the Making of a New Elite. New York: The Penguin Press, 2010.

Mandelbrot, Benoit, and Richard L. Hudson. The Misbehavior of Markets: A Fractal View of Financial Turbulence. New York: Basic Books, 2004.

Markowitz, Harry M. Portfolio Selection: Efficient Diversification of Investments. New York: John Wiley & Sons, Inc., 1959.

Markowitz, Harry. “Portfolio Selection.” The Journal of Finance 7, no. 1 (1952): 77-91.

Marois, Michael B. “Calpers to Exit Hedge Funds, Divest $4 Billion Stake.” Bloomberg Businessweek, September 15, 2014.

Martin, Timothy W. “Calpers’ Private-Equity Fees: $3.4 Billion.” The Wall Street Journal, November 25, 2015.

McClellan, Jaclyn. “What Exactly Do Online Investment Advisory Services Offer?AAII Journal 37, no. 1 (2015): 28-32.

Model Portfolios, AAII.com.

Morgenson, Gretchen. “Behind Private Equity’s Curtain.” The New York Times, October 19, 2014.

Muksian, Robert. “A Pseudo-Life Annuity: Guaranteed Annual Income for 35 Years.” The AAII Journal 34, no. 6 (2012): 26-29.

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Phillips, Don. “Mutual Fund Urban Myths.” MorningstarAdvisor, June/July 2013.

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Richardson, Tim. “Self-Test of Overconfidence.”

Rotblut, Charles. “Analyzing the AAII Sentiment Survey Without Hindsight.” AAII Journal 36, no. 6 (2014): 21-25.

Rotblut, Charles. “Momentum’s Role as a Driver of Stock Prices.” AAII Journal 38, no. 5 (2016): 7-11.

Rotblut, Charles. “The Sequence in Which Returns Occur Affects Your Wealth.AAII Journal 37, no. 5 (2015): 6-9.

Savage, Sam L. The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty. Hoboken: John Wiley & Sons, Inc., 2009.

Sharpe, William F. “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk.” The Journal of Finance 19, no. 3 (1964): 425-442.

Shiller, Robert J. “Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?The American Economic Review 71, no. 3(1981): 421-436.

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Surowiecki, James. “Private Inequity.” The New Yorker, January 30, 2012.

Swedroe, Larry E., and Andrew L. Berkin. “Is Outperforming the Market Alpha or Beta?AAII Journal 37, no. 7 (2015): 11-15.

Taleb, Nassim Nicholas. The Black Swan: The Impact of the Highly Improbable. New York: Random House, 2007.

Vanhaverbeke, Frederik. “Investment Wisdom From Wall Street’s Legends.” AAII Journal 36, no. 11 (2014): 7-11.

Vanhaverbeke, Frederik. Excess Returns: A Comparative Study of the Methods of the World’s Greatest Investors. Petersfield: Harriman House Publishing, 2014.

Weinberg, Neil, and Darrell Preston. “7 Ways Private Equity Is Gaming Your Pension.” Bloomberg Businessweek, March 23, 2015.

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