The New Finance contains a comprehensive and organized collection of evidence and arguments that develop a persuasive case for an inefficient, complex and, at times, nearly chaotic stock market.
Search for the Grail; The Old Finance; How Long is the Short Run?; The Ancient Finance; The Past and the Future; The Race Between Value and Growth; Surprise or Risk Premium?; “Bearing” Risk in the Stock Market; The Holy Grail; The Real Determinants of Expected Stock Returns; Dangerous Conversation; Rational Finance, Behavioral Finance, and the New Finance; Final Words, 2008 Financial Crisis
MARKET: For readers interested in a unique perspective on making the case for the inefficient stock market.