Missing Billionaires

Missing Billionaires

A Guide to Better Financial Decisions

White, James; Haghani, Victor

John Wiley & Sons Inc

09/2023

416

Dura

Inglês

9781119747918

15 a 20 dias

666

Descrição não disponível.
Foreword xiii

Preface xvii

About the Authors xxi

Acknowledgments xxiii

Chapter 1: Introduction: The Puzzle of the Missing Billionaires 1

Section I: Investment Sizing 13

Chapter 2: Befuddled Betting on a Biased Coin 15

Chapter 3: Size Matters When It's for Real 27

Chapter 4: A Taste of the Merton Share 41

Chapter 5: How Much to Invest in the Stock Market? 49

Chapter 6: The Mechanics of Choice 67

Chapter 7: Criticisms of Expected Utility Decision- making 103

Chapter 8: Reminiscences of a Hedge Fund Operator 117

Section II: Lifetime Spending and Investing 127

Chapter 9: Spending and Investing in Retirement 129

Chapter 10: Spending Like You'll Live Forever 149

Chapter 11: Spending Like You Won't Live Forever 165

Section III: Where the Rubber Meets the Road 173

Chapter 12: Measuring the Fabric of Felicity 175

Chapter 13: Human Capital 193

Chapter 14: Into the Weeds: Characteristics of Major Asset Classes 201

Chapter 15: No Place to Hide: Investing in a World with No Safe Asset 235

Chapter 16: What About Options? 245

Chapter 17: Tax Matters 265

Chapter 18: Risk Versus Uncertainty 275

Section IV: Puzzles 285

Chapter 19: How Can a Great Lottery Be a Bad Bet? 287

Chapter 20: The Equity Risk Premium Puzzle 291

Chapter 21: The Perpetuity Paradox and Negative Interest Rates 297

Chapter 22: When Less Is More 303

Chapter 23: The Costanza Trade 309

Chapter 24: Conclusion: U and Your Wealth 319

Bonus Chapter: Liar's Poker and Learning to Bet Smart 327

Cheat Sheet 335

A Few Rules of Thumb 340

Endnotes 343

Suggested Reading 357

References 359

Index 373
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Personal finance; dynamic asset allocation; asset allocation; index investing; CAPE; robo advisor; Vanguard; Kelly; risk-aversion; wealth management; Elm Wealth; ETF; CAPM; market portfolio; utility function; Salomon; index fund; random walk; Emmanuel Roman