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• syllabus.pdf

Articles and Readings

You will get articles and links to articles in this directory. But first a few links to pages of interest to students of Finance and Investment

• J. Huston McCulloch's Page on the Term Structure

• Robert Shiller's Page on long term investments returns and purchasing indices

Readings in the Syllabus avialable directly on the web (from me or through a Caltech linked computer):

• Black and Litterman “Global Asset Allocation with Equities, Bonds, and Currencies" BL91Article

• Bevan and Winkelmann "Using the Black-Litterman Global Asset Allocation Model: Three Years of Practical Experience" BWArticle

• Fama and French, “The Cross-Section of Expected Stock Returns" (Read the introduction and conclusion). JSTOR - The Journal of Finance, Vol. 47, No. 2., Jun. 1992, pp. 427-465.

• Lakonishok et. al. “The Structure and Performance of the Money Management Industry." JSTOR - Brookings Papers on Economic Activity. Microeconomics, Vol. 1992. , pp. 339-391.

• Hawamini and Keim “The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings” in Security market Imperfections in World Wide Equity Markets, Keim and Ziemba Eds, Cambridge University Press,

• Final Pre-publication version

• DeBondt and Thaler “Anomalies: A Mean-Reverting Walk Down Wall Street." JSTOR - The Journal of Economic Perspectives, Vol. 3, No. 1. Winter, 1989, pp. 189-202.

• Thaler “Anomalies: The January Effect." JSTOR -The Journal of Economic Perspectives, Vol. 1, No. 1., Summer, 1987, pp. 197-201.

• Lakonishok et. al., “Contrarian Investment, Extrapolation and Risk." JSTOR - The Journal of Finance, Vol. 49, No. 5. Dec., 1994, pp. 1541-1578.

• Grinblatt and Titman “Portfolio Performance Evaluation: Old Issues and New Insights," JSTOR - The Review of Financial Studies, Vol. 2, No. 3. 1989, pp. 393-421.

ALL THE OTHER ARTICLES ARE NOT AVAILABLE ELECTRONICALLY THROUGH CALTECH'S LIBRARY. THEREFORE YOU WILL NOT BE RESPONSIBLE FOR THEM

Additional readings:

About Fannie Mae: 1. WSJcom Sept 16th 2002: Measure of Fannie Mae's Risk Widens on Home Refinancings WSJSep1602

1. WSJcom Oct 2nd 2002 - Fannie Says Risk Narrowed; Critics Seek More Disclosure WSJOct0202

2. WSJ_com Oct 1st 2002 - Can Fannie Make Repairs To Its Investment Portfolio