Making Sense of Markets

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