The Investor’s Dilemma : How Mutual Funds Are Betraying Your Trust And What To Do About It 投资者的困境：共同基金如何背叛你的信任及为此应该做些什么
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作者： Louis Lowenstein著
出 版 社：
出版时间： 2008-3-1字数：版次： 1页数： 220印刷时间： 2008/03/01开本： 16开印次： 1纸张： 胶版纸I S B N ： 9780470117651包装： 精装编辑推荐
作者简介：
Louis Lowenstein is the Simon Rifkind Professor Emeritus of Finance and Law, Columbia Law School. Long known as a corporate critic, he was a member of the SEC's Panel on Audit Effectiveness. Lowenstein has written on financial markets widely, in Fortune, the New York Times, Washington Post, Wall Street Journal, Barron's, and the Harvard Business Review.
内容简介
Based on cutting-edge research by leading corporate critic Louis Lowenstein, The Investor’s Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About It reveals how highly overpaid fund sponsors really operate and walks you through the conflicts of interest found throughout the industry. Page by page, you’ll discover the real problems within the world of mutual funds and learn how to overcome them through a value-oriented approach to this market.
目录
Foreword
Preface
Acknowledgments
Chapter 1.Mutual Funds: A painful Birth
In the beginning
A Good Idea
Cracks in the Good Idea
Chapter 2.Searching for Rational Investors in a Perfect Storm
A Perfect Storm
A Simple Survey
The Fortune 10 Test
The Performance Test
Value Investing: A Behavioral Finance Perspective
Chapter 3.The Anatomy of the Stock Market
The Stock Market
Chapter 4.Investing at Warp Speed
Sell It All Every Year?
Massachusetts Investors Growth Stock Fund
Investing Blind
Chapter 5.Greed is Good: The Appeal of a Publicly Owned Fund Management Company
TRowe Price
Profitability
How To Make 80 Percent a Year Without Breaking the Law
Conflicts of Interest
Grow The Assets
Who's Watching the Store?
The Greed Factor
Candor Becomes A Casualty
Form Over Substance: Shame on the SEC
The Failure of Candor Runs Deep
As Good As It Gets?
Chapter 6.The Investor's Dilemma: Long on Life Expectancy, Short on Income and Searching for Guidance
A Crisis of Moral Imagination
How The Other Half Lives
Everyone Agrees: We Are Frightfully Poor Investors
And Now A Word From Pogo
What Pogo Forgot
Of Bubbles and Swans
Are You A Patient Investor?
Chapter 7.The Industrialization of Mutual Funds
Margin of Safety
Economy of Scale
How the Marketing of Mutual Funds Came to Look Like Soap
Franklin Resources–A Study in Economies of Scale
Industrialization
Retailers, That's Where the Money Is
The Death of Security Analysis
Asset Allocation
Rebalance My Portfolio .You Said What?
A Witch's Brew
About Those Benchmarks
Wrapping Up the Benchmarks
Managing By Rote Can Hurt Badly
Chapter 8.Through a Window Darkly
Chapter 9.How to Pick a Mutual Fund
Notes
Index
