Table of Contents
About the Author vii
Acknowledgments ix
Preface xi
Part I Market Environment: The 2010s and 2020s
Chapter 1 Challenges to Active Investing 3
Chapter 2 Global Central Bank Intervention 15
Chapter 3 Accelerated Pace of Technology = Disruption 29
Chapter 4 Passive Investing 41
Chapter 5 The 2020s 51
Part II Creating Alpha
Chapter 6 A Cohesive Strategy 69
Chapter 7 Investment Process 81
Chapter 8 Security Selection 91
Chapter 9 Valuation 115
Chapter 10 Capital Allocation 127
Chapter 11 Portfolio Management 133
Chapter 12 Short Investing 157
Part III The Bigger Picture
Chapter 13 Goal Congruence, Fiduciary Responsibility, and Learning 173
Glossary 181
Index 183