Details

Preface.<br> <br> Introduction and the Institutional Environment.<br> <br> Some Conventional Building Blocks (With Various Reservations).<br> <br> Diversification and Portfolio Selection.<br> <br> Capital Market Equilibrium Theories.<br> <br> Equilibrium Implying Efficiency: The Neoclassical Fantasy.<br> <br> More Realistic Paradigms for Investment.<br> <br> Security Analysis.<br> <br> Empirical Financial Forecasting.<br> <br> Stock Price Growth as Noisy Compound Interest.<br> <br> Investing in Real World Markets: Returns and Risk Profiles.<br> <br> Common Stock Options.<br> <br> Summary, Some Unsettled (Unsettling) Questions, and Conclusions.<br> <br> Appendix A: A Brief Introduction to Probability and Statistics.<br> <br> Appendix B: Statistical Tables.<br> <br> Index.

“This volume provides a new, antiefficient markets approach to investment theory and management…a valuable reference…” (<i>Zentralblatt Math</i>, Vol.1050, 2005) <p>"...very readable and highly educational...a good choice for your next investment..." (<i>Technometrics</i>, Vol. 45, No. 3, August 2003)</p> <p>"...examines investment strategies based on risk-neutral probabilities and offers an anti-efficient markets approach to investment theory and management." (<i>AAII Journal</i>, August 2003)</p>

<p><b>JAMES R. THOMPSON, PhD,</b> is the Noah Harding Professor of Statistics at Rice University. <p><b>EDWARD E. WILLIAMS, PhD,</b> is Henry Gardiner Symonds Professor at the Jesse H. Jones Graduate School of Business Administration at Rice University. <p><b>M. CHAPMAN FINDLAY, III, PhD,</b> is President and Director of Fin Fin Inc., and Director of First Texas Venture Capital, LLC, and a principal at Findlay, Phillips and Associates in Los Angeles, California.

<p><b>Models For Investors in Real World Markets</b> <p>This book is extremely timely, as recent events have contributed to making the markets more and more unstable. It provides a methodology for seeing the probability that stocks will go up or down in a given time, giving investors the ability to choose investments based on those probabilities.

US