The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

Front Cover
Harper Collins, Jun 9, 2009 - Business & Economics - 416 pages
3 Reviews

“Do we really need yet another book about the financial crisis? Yes, we do—because this one is different….A must-read for anyone who wants to understand the mess we’re in.”
—Paul Krugman, New York Times Book Review

 

“Fox makes business history thrilling.”
—St. Louis Post-Dispatch

 

A lively history of ideas, The Myth of the Rational Market by former Time Magazine economics columnist Justin Fox, describes with insight and wit the rise and fall of the world’s most influential investing idea: the efficient markets theory. Both a New York Times bestseller and Notable Book of the Year—longlisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the Year—The Myth of the Rational Market carries readers from the earliest days of Wall Street to the current financial crisis, debunking the long-held myth that the stock market is always right in the process while intelligently exploring the replacement theory of behavioral economics.

 

What people are saying - Write a review

LibraryThing Review

User Review  - AlanEJohnson - LibraryThing

This is an excellent analysis of financial and economic matters. I read the 2009 HarperCollins Kindle e-book edition rather than the 2011 Harriman House Kindle edition listed here. I do not know ... Read full review

Thank You for Dispelling the Myth

User Review  - Vitaly Veksler - Borders

I think it is a very important book for anybody involved in the active money management. I really enjoyed the book because it explains that the rational market theory started as a hypothesis or a ... Read full review

Contents

IrvIng FISHer loSeS HIS BrIeFcaSe
3
a random Walk From Fred macaulay
26
Harry markoWItz BrIngS StatIStIcal
47
a random Walk From paul SamuelSon
60
modIglIanI and mIller arrIve at
75
gene Fama makeS tHe BeSt
89
Jack Bogle takeS on tHe perFormance
111
FIScHer Black cHooSeS to FocuS
132
BeatIng tHe market WItH Warren
211
alan greenSpan StopS a random
227
andreI SHleIFer moveS Beyond
247
mIke JenSen cHangeS HIS mInd
265
gene Fama and dIck tHaler knock
287
tHe anatomy oF a FInancIal crISIS
309
caSt oF cHaracterS
322
acknoWledgmentS
330

mIcHael JenSen getS corporatIonS
153
tHecHallenge
175
BoB SHIller poIntS out tHe moSt
191
Index
371
Copyright

Other editions - View all

Common terms and phrases

About the author (2009)

Justin Fox is editorial director of the Harvard Business Review Group, and a contributor to Time magazine and PBS's Nightly Business Report. Previously, he was a columnist at Time and an editor and writer at Fortune. He lives in Cambridge, Massachusetts, with his wife and son.

Bibliographic information