Beyond Greed and Fear

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Beyond Greed and Fear Page 44

by Hersh Shefrin


  John Dorfman, “Your Money Matters: Successful Stock Pickers in Quarter in Avoided High Tech” from The Wall Street Journal, November 7, 1988. Copyright © 1988 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  John Dorfman, “Your Money Matters Weekend Report: Following a Broker’s Advice Can Reap Nice Gains” from The Wall Street Journal, August 15, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  David N. Dreman, from Contrarian Investment Strategies: The Next Generation. Copyright © 1998 by David N. Dreman. Reprinted by permission of Simon and Schuster, Inc.

  Peter C. DuBois, “Closed-end Mania Is Ba-a-a-ack” from Barron’s, January 3, 1994. Copyright © 1994 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  David Einstein, “Netscape Slides 20%, Layoffs Loom” from San Francisco Chronicle, January 6, 1998. Copyright © 1998 by San Francisco Chronicle. Reprinted by permission.

  Terzah Ewing and Jeff Bailey, “Dashed Futures: How a Trading Firm’s Founders Were Blindsided by Bombshell” from The Wall Street Journal, February 18, 1999. Copyright © 1999 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Justin Fox, “Learn to Play the Earnings Game (and Wall Street Will Love You)” from Fortune, March 31, 1997. Copyright © 1997 by Time Inc. All rights reserved.

  Kathleen Gallagher, “Plexus Shares Take 44 Percent Nose-Dive” from Milwaukee Journal Sentinel, December 19, 1997. Copyright © 1998 by Journal Sentinel Inc. Reprinted by permission.

  Charles Gasparino, “SEC Chairman Levitt to Criticize Fund Industry Over Fee Disclosure” from The Wall Street Journal, May 15, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

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  Mary Beth Grover, “Buy ’em Used on Initial Public Offerings of Closed-end Funds” from Forbes, November 22, 1993. Copyright © 1993 by Forbes, Inc. Reprinted by permission of Forbes magazine.

  Kathryn Haines, “Fund Attracts Attention: Gets High Ratings” from The Wall Street Journal, June 13, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  “How Stock-Pick Prowess of the Brokers Is Judged” from The Wall Street Journal, February 2, 1990. Copyright © 1990 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal. From Investor’s Intelligence. Reprinted by permission of Investor’s Intelligence, New Rochelle, NY.

  Greg Ip, “It’s Official: Stock Market’s Pups Are Likely to Be Bulls” from The Wall Street Journal, July 8, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Greg Ip, “Market’s Logic” from The Wall Street Journal, May 17, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Greg Ip, “The Final Bears May Be Giving Up: Bull’s Victory Prompts Fears” from The Wall Street Journal, April 13, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Greg Ip and Aaron Lucchetti, “Mood Swing: Stock Market Plunges As Negative Sentiment Spreads to Blue Chips” from The Wall Street Journal, August 5, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

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  Steven D. Kaye, Shaheena Ahmad, and Steven D. Kaye, “News You Can Use: 1998 Retirement Guide” from U.S. News & World Report, June 29, 1998. Copyright © 1998 by U.S. News & World Report.

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  John J. Keller, “NCR ‘91 Results to Be ‘Materially Below’ Forecasts Made to AT&T During Talks” from The Wall Street Journal, September 9, 1991. Copyright © 1991 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Paul Krugman, “Saving Asia: It’s Time to Get Radical” from Fortune, September 7, 1998. Copyright © 1998 by Time Inc. All rights reserved.

  Paul Krugman, “What Ever Happened to the Asian Miracle” from Fortune, August 18, 1997. Copyright © 1997 by Time Inc. All rights reserved.

  Jonathan Laing, “High Anxiety: As Market Gurus Debate, Investors Watch Nervously After Last Week’s Slide” from Barron’s, August 10, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  Carla Lazzaraschi, “AT&T’s Allen Bets Legacy on Computer Deal” from Los Angeles Times, May 14, 1991. Copyright © 1991 by Los Angeles Times. Reprinted by permission.

  Carla Lazzaraschi, “High-Tech Hybrids: The Rocky Results of Such Mergers Raise Questions About AT&T’s Bid for NCR” from Los Angeles Times, December 30, 1990. Copyright © 1990 by Los Angeles Times. Reprinted by permission. Deborah Lohse, “Small Stock Focus” from The Wall Street Journal, July 28, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Deborah Lohse, “Tough Road Is Predicted for IPOs” from The Wall Street Journal, January 26, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal. Lubman and Emshwiller, “Hubris and Ambition in Orange County” from The Wall Street Journal, January 18, 1995. Copyright © 1995 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Aaron Lucchetti, “EarthWeb and the globe.com Defy IPO Gravity” from The Wall Street Journal, November 16, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Aaron Lucchetti, “MarketWatch’s IPO Continues the Boom in Web Stocks” from The Wall Street Journal, January 15, 1999. Copyright © 1999 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  David J. Lynch, “Orange County/How It Happened/How Golden Touch Turned into Crisis” from USA Today, December 23, 1994. Copyright © 1994 by USA Today. Reprinted by permission.

  Peter Lynch with John Rothchild, from One Up on Wall Street. Copyright © 1989 by Peter Lynch. Reprinted by permission of Simon & Schuster, Inc.

  Suzanne McGee, A “Did the High Cost of Derivatives Spark Monday’s Stock Sell-Off” from The Wall Street Journal, September 2, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Suzanne McGee and Gregory Zuckerman, “Stocks and Bonds Catch Fire as Inflation Cools” from The Wall Street Journal, September 17, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Robert McGough “At Dead-Last Steadman, Past Is Prologue” from The Wall S
treet Journal, April 15, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal. Robert McGough and Michael Siconolfi, “Buy and Fold: Their Money’s Fleeing, But Some Investors Just Keep Holding On” from The Wall Street Journal, June 19, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Merrill Lynch Forecasts: Yld Curve May Invert Next Year” from The Wall Street Journal, December 6, 1994. Copyright © 1994 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  “Mideast Accord: The Overview: Rabin and Arafat Seal Their Accord” from The New York Times, September 14, 1993. Copyright © 1993 by the New York Times Co. Reprinted by permission.

  Steven Mufson, “Joe Investor Beats the Mavens; Roller-Coaster Market Confounds Wall Street’s Experts,” November 25, 1998. Copyright © 1999 by The Washington Post. Reprinted by permission.

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  Raju Narisetti, “History Holds Some Hard Lessons for Compaq” from The Wall Street Journal, January 28, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Anne Newman, “Biotech Stock Alteon Skyrockets in IPO” from The Wall Street Journal, November 4, 1991. Copyright © 1991 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Joseph Nocera, “Who Really Moves the Market” from Fortune, October 27, 1997. Copyright © 1997 by Time Inc. All rights reserved.

  Leslie P. Norton, “Mutual Funds: Fund of Information” from Barron’s, January 5, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  Robert O’Brien, “Netscape’s Rise May Be Sign of Frothier Times in Market” from The Wall Street Journal, August 9, 1995. Copyright © 1994 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Mitchell Pacelle, “Long-Term Capital Had Wide Bets” from The Wall Street Journal, October 7, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal. Margarita Palatnik, “Orange Juice Prices Get Squeezed Lower on Unexpectedly Bearish U.S. Report” from The Wall Street Journal, February 11, 1999. Copyright © 1999 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Jay Palmer, “Growth Versus Value: Computer Searches Turn Up Promising Stock Picks for Both Persuasions” from Barron’s, June 2, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  Jay Palmer, “Technical Havoc: Chartists Predict Dow Will Keep Falling; Next Stop 5000?” from Barron’s, August 31, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  Dana Parsons, “The Wizard Himself Peels Back Layers of His Own Legend” from Los Angeles Times, January 18, 1995. Copyright © 1995 by Los Angeles Times. Reprinted by permission.

  David Pettit, “Logged On” from The Wall Street Journal, September 8, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Ronald D. Picur, “The $2 Billion Gamble: A Step-by-Step Guide on How to Prevent the Orange County Debacle from Occurring in Your Neighborhood” from The Chicago Tribune, December 19, 1994. Copyright © 1994 by Ronald D. Picur. Reprinted by permission of the author.

  Mark Platte and Jeff Brazil, “O.C. Treasurer Thrust into Spotlight Over Risk Claims” from Los Angeles Times, April 30, 1998. Copyright © 1998 by Los Angeles Times. Reprinted by permission.

  William Power “Heard on the Street: Boston Chicken Soars 143% on Its First IPO Day” from The Wall Street Journal, November 10, 1993. Copyright © 1993 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  William Power “Heard on the Street: Investment Strategists Rally to Defend Merrill Expert” from The Wall Street Journal, January 18, 1995. Copyright © 1995 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Scott Reeves, “IPO Focus” from The Wall Street Journal, November 24, 1993. Copyright © 1993 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Scott Reeves, “Market Sees Netscape Most Savory IPO Since Boston Chicken” from Dow Jones Interactive, August 7, 1995. Copyright © 1995 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of the Dow Jones Interactive.

  Scott Reeves, “Netscape’s IPO -2-: Brokers Say Demand Very High” from Dow Jones Interactive, August 9, 1995. Copyright © 1995 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of the Dow Jones Interactive.

  From RIAG’s Personal Money Guide. Reprinted by permission of the publisher, Research Institute of America Group. Jay Ritter, “Initial Public Offerings” from Contemporary Finance Digest, Spring 1998. Copyright © 1998 by Warren, Gorham & Lamont, 31 St. James Street, Boston, MA. Reprinted by permission.

  Doug Rogers, “Making Money in Mutuals” from Investor’s Business Daily, December 15 1997. Copyright © 1997. Reprinted by permission of Investor’s Business Daily.

  Daniel Rosenberg and Robin K. Taylor. “World Commodities Summary: CBOT Soybeans Fall to 1-Mo Low” from Dow Jones Interactive, December 4, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of the Dow Jones Interactive.

  Luren R. Rublin, “A Very Good Year” from Barron’s, December 30, 1996. Copyright © 1996 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

  Lauren R. Rublin, “Another Chance” from Barron’s, June 23, 1997. Copyright © 1997 by Dow Jones & Company, Inc. Reprinted by permission of Barron’s.

  Rutgers Cooperative Education, Case study developed by Barbara O’Neill. Reprinted with permission from Rutgers Cooperative Extension.

  Eric Savitz, “Silicon Values: An Interview with Kevin Landis and Ken Kam” from Barron’s,

  June 23, 1997. Copyright © 1997 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of Barron’s.

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  Leslie Scism, “Quarterly Mutual Funds Review: Closed-end Bond Funds Look Cheap” from The Wall Street Journal, January 7, 1994. Copyright © 1994 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Leslie Schism and E. S. Browning, “Heard on the Street: In Battle of the Stock-Market Gurus, Bulls Win a Round” from The Wall Street Journal, August 6, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Andy Serwer, “Michael Dell Rocks” from Fortune, May 11, 1998. Copyright © 1998 by Time Inc. All rights reserved worldwide.

  Michael Sesit, “Capital Floods into Germany at Frantic Pace” from The Wall Street Journal, January 8, 1990. Copyright © 1990 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Michael Sesit and Mitchell Pacelle, “Selling Blitz Hits Dollar 7.4% on Tokyo’s Move” from The Wall Street Journal, October 10, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Adam Shell, “Making Money in Mutual
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  Michael Siconolfi, Anita Raghavan, and Matt Murray, “Hedge Fund’s Bailout Money Is Going Fast” from The Wall Street Journal, October 9, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Michael Siconolfi, Anita Raghavan, and Mitchell Pacelle, “All Bets Are Off: How the Salesmanship and Brainpower Failed at Long-Term Capital” from The Wall Street Journal, November 16, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Jeremy Siegal, “Why Stocks Are Still the Investment of Choice” from The Wall Street Journal, September 16, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Leah Nathans Spiro with Jeffrey Laderman, “1997 Mutual Fund Scorecard Hedge Funds: How Long-Term Rocked Stocks, Too.” Reproduced from the November 9, 1998, issue of Business Week by special permission, copyright © 1998 by The McGraw-Hill Companies, Inc.

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  Dean Takahasi, “Intel’s Profits Exceeds Expectations” from The Wall Street Journal, July 17, 1998. Copyright © 1998 by Dow Jones & Company, Inc. All rights reserved worldwide. Reprinted by permission of The Wall Street Journal.

  Richard Thaler, “Financial Planning: Win a Flight to the US” from Financial Times, May 10, 1997. Copyright © 1997. Reprinted by permission of Financial Times.

  Richard Thaler, from Advances in Behavioral Finance. Copyright © 1993 by Russell Sage Foundation, New York, NY. Reprinted by permission of the Russell Sage Foundation.

 

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