Performance of Mutual Funds in the Period

Think Twice: Harnessing the Power of Counterintuition
by Michael J. Mauboussin
Published 6 Nov 2012

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More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded)
by Michael J. Mauboussin
Published 1 Jan 2006

Malkiel, “The Efficient Market Hypothesis and Its Critics,” Journal of Economic Perspectives 17, no. 1 (Winter 2003): 78. This is not a new finding. See also Burton G. Malkiel, “Returns from Investing in Equity Mutual Funds, 1971-1991,” Journal of Finance 50, no. 2 (June 1995): 549-72; Michael C. Jensen, “The Performance of Mutual Funds in the Period 1945-1964,” Journal of Finance 23 (1968): 389-416. 2 Special thanks to Gary Mishuris for creating the initial list and prompting this line of inquiry. 3 Jack Bogle, using John Maynard Keynes’s terminology, contrasts speculation (“forecasting the psychology of the market”) with enterprise (“forecasting the prospective yield of an asset”).

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Investment: A History
by Norton Reamer and Jesse Downing
Published 19 Feb 2016

Cowles Foundation for Research in Economics, “Alfred Cowles, 3rd (1891–1984),” Yale University, accessed 2013, http://cowles.econ.yale .edu/archive/people/directors/cowles.htm. 37. Alfred Cowles III, “Can Stock Market Forecasters Forecast?,” Econometrica 1, no. 3 (July 1933): 309–323. 38. Ibid., 323. 372 7. The Emergence of Investment Theory 39. Michael C. Jensen, “The Performance of Mutual Funds in the Period 1945–1964,” Journal of Finance 23, no. 2 (May 1968). 40. Ibid. 41. Eugene F. Fama, “Efficient Capital Markets: A Review of Theory and Empirical Work,” Journal of Finance 25, no. 2 (May 1970): 383. 42. Benjamin Graham and David L. Dodd, Security Analysis (New York: McGraw-Hill, 1934). 43.

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Finding Alphas: A Quantitative Approach to Building Trading Strategies
by Igor Tulchinsky
Published 30 Sep 2019

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The Power of Passive Investing: More Wealth With Less Work
by Richard A. Ferri
Published 4 Nov 2010

Sharpe, “Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk,” The Journal of Finance 19, no. 3 (1964): 425–42. 11. Jack L. Treynor, “How to Rate Management of Investment Funds,” Harvard Business Review 43 (1965): 63–75. 12. William F. Sharpe, “Mutual Fund Performance,” Journal of Business 39 (1996): 119–138. 13. Michael C. Jensen, “The Performance of Mutual Funds in the Period 1945–1964,” The Journal of Finance 23, no. 2 (1967): 389–416. Chapter 3: The Birth of Index Funds 1. Burton Malkiel, A Random Walk Down Wall Street (New York: W.W. Norton, 1973). 2. Paul A. Samuelson, “Challenge to Judgment,” Journal of Portfolio Management 1, no. 1 (1974): 17–19. 3.

Understanding Asset Allocation: An Intuitive Approach to Maximizing Your Portfolio
by Victor A. Canto
Published 2 Jan 2005

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Capital Ideas Evolving
by Peter L. Bernstein
Published 3 May 2007

“Financial Market Simulation,” The Journal of Portfolio Management, 30th Anniversary Issue (September), pp. 142–152. Jacobs, Bruce, Kenneth Levy, and Harry Markowitz, 2006. “Trimability and Fast Optimizations of Long-Short Portfolios,” Financial Analysts Journal, March/April. bern_z02bbiblio.qxd 3/23/07 9:13 AM Page 255 Bibliography 255 Jensen, Michael, 1965. “The Performance of Mutual Funds in the Period 1945–1964,” Journal of Finance, Vol. 23 ( December), pp. 587– 616. Jones, Bob, 2006. Pensions & Investments, April 3, p. 20. Jung, Jeeman, and Robert Shiller, 2005. “Samuelson’s Dictum and the Stock Market,” Economic Inquiry, Vol. 43, No. 5, pp. 221–228. Kahneman, Daniel, 2002. Autobiography and Nobel Address.

High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems
by Irene Aldridge
Published 1 Dec 2009

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Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever
by Robin Wigglesworth
Published 11 Oct 2021

Center for Research in Security Prices, “James Lorie: Recognized the Importance of CRSP for Future Research,” 50th Anniversary Issue: Rates of Return of Investments in Common Stocks, www.crsp.org/research/james-lorie-recognized-importance-crsp-future-research. 30. Lorie, “Current Controversies on the Stock Market.” 31. Michael Jensen, “The Performance of Mutual Funds in the Period 1945–1964,” Journal of Finance, May 1968. 32. Paul F. Miller Jr., “The Dangers of Retrospective Myopia,” in The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street, ed. Peter Krass (New York: Wiley, 1999), 49. 33. Edward Renshaw and Paul Feldstein, “The Case for an Unmanaged Investment Company,” Financial Analysts Journal, 1960. 34.

The Four Pillars of Investing: Lessons for Building a Winning Portfolio
by William J. Bernstein
Published 26 Apr 2002

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Transaction Man: The Rise of the Deal and the Decline of the American Dream
by Nicholas Lemann
Published 9 Sep 2019

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Capital Ideas: The Improbable Origins of Modern Wall Street
by Peter L. Bernstein
Published 19 Jun 2005

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Commodity Trading Advisors: Risk, Performance Analysis, and Selection
by Greg N. Gregoriou , Vassilios Karavas , François-Serge Lhabitant and Fabrice Douglas Rouah
Published 23 Sep 2004

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In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest
by Andrew W. Lo and Stephen R. Foerster
Published 16 Aug 2021

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