Chapter 11: Active-Passive
Market Capitalization
Value–Growth
Pace
Changing Market Conditions
Behavioral Finance
Passive Investing's Dark Side
Summary
19 Chapter 12: Strategies Ten Investment Strategies Classifying by Strategy Performance Factors Strategies Contributed to “Unloved”? Summary
20 Chapter 13: Human Behavior Short Sellers Human Behavior–Economic Forecasting Want to Relive It? Final Quiz
21 Chapter 14: And Then It Ended with a Crash Stock Market Crash Abnormal Peak Stunning Visual
22 Chapter 15: I Want My Money Back Unloved Rebound Money Market Fund Assets Sectors Strategies Monetary Policy Pace Down Days Economic Surprise Unemployment Value and Sentiment Top Ten Reasons Summary
23 Chapter 16: Conclusion Perceived Uncertainty Gains versus Losses Type 1, Type 2 Half Empty–Partly Cloudy When Will It End?
24 Index
List of Tables
1 Chapter 1Table 1.1 Average Annual Net Flows (in $ Millions)Table 1.2 Average Weekly Bull/Bear Ratio (in %)Table 1.3 Rates of Return for the S&P 500 (%)
2 Chapter 2Table 2.1 Rates of Return from the Market Low, 3/9/2009–2/19/2020Table 2.2 Sector Ranked During Market Declines in 2010, 2011, and 2018Table 2.3 Bull Markets
3 Chapter 3Table 3.1 Yields (%)
4 Chapter 5Table 5.1 Bond Valuation BasicsTable 5.2 Consumer Price Index (CPI) before and after a Recession
5 Chapter 6Table 6.1 GDP & CPI Around Market PeaksTable 6.2 Current Conditions: April 1, 2015Table 6.3 Previous Three Peaks
6 Chapter 7Table 7.1 S&P 500 Index Returns Off Recession LowsTable 7.2 S&P 500 Earnings Per Share (EPS)Table 7.3 S&P 500 Returns Off Two Market Bottoms
7 Chapter 9Table 9.1 Market V/PTable 9.2 Sector Returns in Up and Down Phases
8 Chapter 10Table 10.1 R-Squared for P/E and ReturnsTable 10.2 Rate-of-Return, Four P/E RatiosTable 10.3 Year-Over-Year CPI Change and Rate-of-ReturnTable 10.4 Operational and Financial LeverageTable 10.5 Yield Inversions: 10-Year Treasury and Federal Funds
9 Chapter 11Table 11.1 Pace of Bull Markets and Active Management (by Percent)
10 Chapter 12Table 12.1 Average Monthly Strategy Returns, Jan. 1980–Feb. 2009Table 12.2 Standard Deviation of Monthly Returns, Jan. 1980–Feb. 2009Table 12.3 Average Monthly Strategy Returns, March 2009–Feb. 2020Table 12.4 Valuation's Rank in Bull Markets
11 Chapter 15Table 15.1 Sector ReturnsTable 15.2 Strategies
12 Chapter 16Table 16.1 Types of Errors
List of Illustrations
1 IntroductionFigure Intro.1 S&P 1500 Index, 12/31/2008–4/30/2010
2 Chapter 1Figure 1.1 Equity Fund Net Flows and S&P 500 Index, 1984–2019Figure 1.2 AAII Bull/Bear Ratio, Four-Week AverageFigure 1.3 Public Funds, Equities as a Percent of AssetsFigure 1.4 Barron's Confidence Index, 12/29/1978–2/21/2020
