July 2018
Intermediate to advanced
368 pages
8h 11m
English
book
Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio
by Daniel Peris
Content preview from Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio
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1
What Chaos Looks Like
October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.
—Mark Twain, Pudd’nhead Wilson, 1894
Groucho Asks a Question
In 1929, Groucho Marx was riding high. He and his brothers Harpo, Chico, and Zeppo had made the transition from vaudeville to Broadway to Hollywood. They had just completed their first talking picture, The Cocoanuts, based on their Broadway musical comedy from 1925. And they were starring on Broadway in a new musical comedy, Animal Crackers. (It would be filmed the following ...