Making Sense of Markets

Introduction: What We Talk About When We Talk About Markets <BR>PART I: THE GLASS IS HALF-FULL <BR>1: Why Is Everybody So Gloomy? <BR>The Conventional Account Of What's Gone Wrong<BR>2: An Alternative Account – A Richness Of Embarrassments <BR>Money Didn't Make The World Go Round<BR>3: Five Big Things To Worry Less About – Or Why It Still Pays To Invest In The West <BR>3.I: Debt – There Is Life After It <BR>3.II: Demography – The Timebomb Defused <BR>3.III. Decadence – The West Can Compete <BR>3.IV: Depletion – The Sustainability Challenge <BR>3.V: Danger – Geopolitical Tensions In Context <BR>4: Sources Of Perspective – And A Tiger's Tale <BR>Taking A Wider View <BR>Raising The Signal-To-Noise Ratio <BR>Avoid Clichés Like The Plague <BR>Anchoring Downwards: Why Gloom Gets A Grip <BR>PART II: WHAT TO DO ABOUT IT<BR>5: Know The Game, Know Yourself <BR>Be Satisficed: What Investment Is Not About, And The Importance Of Showing Up <BR>Know Your Pundits; The Only Theme Worth Investing In <BR>A Personal Investment Policy<BR>6: Back To Basics: What You Need To Own – It's About Time <BR>Here For The Duration: The Key Investment Characteristics <BR>The Usual Suspects: The Main Asset Classes And The 'Must Haves' <BR>7: Putting It All Together – Weighting In Vain? <BR>Reasonable Expectations And Fair Values <BR>Weighting In Vain <BR>8: Conclusion – Postmodern Portfolio Theory <BR>