LEADER 06241nam 2200709 a 450 001 9910457400603321 005 20200520144314.0 010 $a1-299-31836-3 010 $a1-118-07814-4 035 $a(CKB)2550000000058251 035 $a(EBL)700437 035 $a(OCoLC)757394219 035 $a(SSID)ssj0000551164 035 $a(PQKBManifestationID)11344773 035 $a(PQKBTitleCode)TC0000551164 035 $a(PQKBWorkID)10524688 035 $a(PQKB)10811308 035 $a(MiAaPQ)EBC700437 035 $a(CaSebORM)9781118078167 035 $a(Au-PeEL)EBL700437 035 $a(CaPaEBR)ebr10513974 035 $a(CaONFJC)MIL463086 035 $a(EXLCZ)992550000000058251 100 $a20110127d2011 uy 0 101 0 $aeng 135 $aurunu||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA decade of delusions$b[electronic resource] $efrom speculative contagion to the great recession /$fFrank K. Martin 205 $a1st edition 210 $aHoboken, N.J. $cWiley$d2011 215 $a1 online resource (482 p.) 300 $aIncludes index. 311 $a1-118-07816-0 311 $a1-118-00456-6 320 $aIncludes bibliographical references and index. 327 $aA Decade of Delusions: From Speculative Contagion to the Great Recession; Contents; Foreword; Preface; Chapter 1: Lead Us Not into Temptation; May Reason Prevail; Patience and Persistence; The Dean of Wall Street Revisited; The Investor's Dilemma; It's a Numbers Game; The Supremacy of Earnings; ""Stealth Compensation""; Conclusion; Chapter 2: Techno Babble, Techno Bubble; A Tale of Two Markets; Back to the Future?; Warren Buffett on the Stock Market; Is the Internet the Answer?; What's a Long-Term Investor to Do?; Investment Redefined; Chapter 3: ""Pop!!"".com; Risk: No Longer an Afterthought 327 $aInvestment Strategy: Is It Time for Technology?Is There a Snowball Rolling Our Way, Gathering Mass and Speed?; The Art/Science of Managing Risk; Baby Boomers: Whither Goest Thou?; The Internet and IPO Frenzy; Fool's Gold; Goliaths Slain; Chapter 4: Swimming against the Current; Prelude to Our Investment ""Strategy""; Interest Rates: It Had Better Be Uphill from Here; The Power of Popular Delusions; The Mind of Crowds; Investment Consultants: The Great Middleman Myth; Chapter 5: The ""Greenspan Put"" . . . Again; Investment Strategy; The Reckoning; Sober in the Morning; Micro versus Macro 327 $aThe Margin-of-Safety Paradox Waiting Patiently for Those Hanging Curves; Chapter 6: Only Fools Rush In; The Rogues Gallery, 2003 Vintage; Making Progress in the Post-Bubble Environment; How Did We Get Here in the First Place?; The Apogee of the Mutual-Fund Boom; The Great Abdication of Fiduciary Responsibility: The Defined-Contribution Plan; Where the Buck Really Stops; Chapter 7: Expanding Concern: A Bigger Bubble?; Maybe the Markets Are Not Random?; A Short History of Financial Euphoria; Fully Deluded Earnings: Penance (?) in the Cuff-Links Cooler 327 $aRun for the Roses: Of Pawns, Guinea Pigs . . . and ""Retail Investors""""Swing, You Bum!""; Marathon Endurance; Chapter 8: What History Teaches; Free Markets: Popular Delusions and the Madness of Crowds; Aspiring to Rationality by Overcoming Heuristic Biases; Today Is Not Tomorrow: Cycles and Differing ""Opportunity Sets""; Inverting the Traditional High-Risk/High-Return Paradigm; The Inevitability of Regression to the Mean; There Are No Called Strikes in the Investment Ballgame; Focus on the Important; The Malevolent Mathematical Mystery of Modern Money Management (a.k.a. MPT) 327 $aThe Absurdity of the Collective Wisdom of Individual Irrationality Diversification and the Myth of Safety in Numbers; The New-Era Error; Chapter 9: Contagious Speculation; The Means to the End; The Perfect Storm? Viewing the Vista through the Lens of History; The Blossoming of the Financial Economy: The Cataclysm in the Creation of Credit; Bubbles Are Indigenous to the Financial Economy; If Housing Prices Roll Over; A Remarkable Story of Risk Management - Run Amok; The Perfect Storm Redux; Capitalism: When ""Financial"" Overwhelms ""Commercial""; Minsky: A Prequel? 327 $aThe Evolving History of Economics and Finance: Re.ections 330 $a"The proven strategies rational investors require for success in an irrational market When the dot-com and real estate bubbles of the 1990s and 2000s burst, few were spared the financial fallout. So, how did an investment advisory firm located in Elkhart, Indiana--one of the cities hit hardest by the economic downturns--not only survive, but also thrive during the highly contagious speculative pandemics. By remaining rational. In A Decade of Delusions: From Speculative Contagion to the Great Recession, Frank Martin founder of Elkhart, Indiana's Martin Capital Management offers a riveting and real-time insider's look at the two bubbles, and reflects on how investors can remain rational even when markets are anything but. Outlines strategies the average investor can use to wade through the endless news, information, and investment advice that bombards them Describes the epidemic of market speculation that gradually infects feverish investors Details how investors can spare themselves the emotional devastation and accompanying paralysis resulting from shocking financial losses Investors are still reeling from the instability in the market. A Decade of Delusions: From Speculative Contagion to the Great Recession provides the information investors need to achieve safety, liquidity, and yield"--$cProvided by publisher. 606 $aInvestments$zUnited States 606 $aFinance$zUnited States$xHistory$y21st century 606 $aFinancial crises$zUnited States 606 $aSpeculation$zUnited States 608 $aElectronic books. 615 0$aInvestments 615 0$aFinance$xHistory 615 0$aFinancial crises 615 0$aSpeculation 676 $a332.60973 700 $aMartin$b Frank K$0984 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910457400603321 996 $aA decade of delusions$91944131 997 $aUNINA