Description
Foreword ix Note on the Text xi Introduction xiii 1 The Changing Game 1 2 The Loser’s Game 35 3 The Winners’ Game 47 4 The Winner’s Game II 61 5 The Rise and Fall of Performance Investing 73 6 Seven Rules for More Innovative Portfolio Management in an Age of Discontinuity 89 7 Will Success Spoil Performance Investing? 93 8 To Get Performance, You Have to Be Organized for It 99 9 Investing Success in Two Easy Lessons 107 10 The End of Active Investing? 111 11 In Defense of Active Investing 119 12 Murder on the Orient Express: The Mystery of Underperformance 127 13 Best Practice Investment Committees 141 14 Levels of the Game 157 15 An Invitation to Winning 163 16 Small Slam! 167 17 A Lesson from Seaside Cemetery 171 18 Tommy Armour on Investing 173 19 Ted Williams’ Great Lessons for Investors 177 20 Symptoms and Signs 181 21 Lessons from the Warwick and Chteau Chambord 191 22 Investment Management Fees Are Higher Than We Think 199 23 Computer People May Be Planning a Revolution 203 24 Characteristics of Successful Investment Firms 207 25 A New Paradigm of Investment Management 215 26 Lessons on Grand Strategy 221 27 Pension Funds Need MORE Management MANAGEMENT 227 28 The Significance of 65 233 29 Where Were We? 237 30 Hard Choices: Where Are We Now? 243 31 Bonds for Long-Term Investors? 251 32 What Role Should Bonds Play? 261 33 Too Much Liquidity Will Cost You 265 34 Letter to My Grandkids: 12 Essential Investing Guidelines 269 35 Miss Sally’s Attic 277 36 Ben Graham: Ideas as Mementos 281 37 The Corporate Tax Cut 291 38 Repurchase Stock to Revitalize Equity 295 39 Anti-Trust, Bank Mergers, and the PNB Decision 315 Index 325
