Contents
INGREDIENTS OF ASSET ALLOCATION
LESSONS OF THE RECENT DOWNTURN
SO ARE BONDS THE PLACE TO INVEST?
SO WHAT HAPPENS WHEN THE ECONOMY TURNS Up?
SOME NECESSARY TOOLS FOR ANALYSIS
APPENDIX: DESCRIPTION OF THE STATISTICAL TOOLS
Chapter 2: Long-Run Returns on Stocks and Bonds
HOW MUCH MORE ATTRACTIVE ARE STOCKS THAN BONDS?
ALTERNATIVE ESTIMATES OF LONG-RUN STOCK RETURNS
UPPER AND LOWER BOUNDS FOR EQUITY RETURNS
APPENDIX: ALTERNATIVE ESTIMATES OF STOCK RETURNS
WHAT DO WE MEAN BY SMALL-CAP STOCKS?
RELATIVE PERFORMANCE OF LARGE-CAP AND SMALL-CAP STOCKS—RUSSELL SERIES
RELATIVE PERFORMANCE OF LARGE-CAP AND SMALL-CAP STOCKS—SBBI SERIES
RELATIVE PERFORMANCE OF LARGE-CAP AND SMALL-CAP STOCKS—BROADER ANALYSIS
LARGE-CAP AND SMALL-CAP STOCKS IN A PORTFOLIO CONTEXT
SUMMARY—KEY FEATURES OF SMALL-CAP STOCKS
Chapter 4: Value and Growth Investing
DESCRIPTION OF THE RUSSELL 1000 INDEXES
RELATIVE PERFORMANCE OF GROWTH AND VALUE INDEXES
VALUE AND GROWTH INDEXES FOR EARLIER PERIODS
RELATIVE PERFORMANCE OF SMALL-CAP GROWTH AND VALUE STOCKS
PORTFOLIOS WITH GROWTH AND VALUE