… the method of stock valuation advocated by JB Williams. 13. Peter Bernstein is an investment
… William W. Jahnke is chairman and chief investment officer of Financial Design Educational …

Phlogiston was a stepping stone between alchemy and modern chemistry. It was an undisputed
observation that the ashes left after burning weighed less than the original matter. The …

The determinants of stock prices are not mysterious, although those who claim to be experts
in their formulation often are, sounding much like witch doctors describing the forces which …

A commonly held view is that the normal long-term allocation to stocks, bonds, and cash is
of “overwhelming” importance in determining long-term investment returns. This view …

T he substantial increase in equity trading by large institutional investors and an increase in
the proportion of total trading done by the institutions [see footnotes 1, 2, 5, 6, 8, 9, 18, 26, 30…

… article ever to appear in the Journal: William W. Jahnke's February 1997 piece,"The Asset
Allocation Hoax"In the article, Jahnke challenges the fundamental analysis of the much-cited …

… While there is ample evidence of Jahnke’s work as a British … This study will argue that
during the First World War Jahnke … Jahnke’s significance within the broader context of World …

On October 19, 1987, much to the disbelief of most investors, the S&P 500 plunged 20.5 per
cent-the largest one-day decline in Wall Street history. Not surprisingly, many important …

This article shows how the relatively new concept of Perfect Withdrawal Rate can be used in
assessing the appropriate sustainable withdrawal amounts from a pot of wealth. This …

There were warnings that the" one decision stocks" were vulnerable-that the prices had been
bid beyond the point supportable by economic considerations. Even the mighty came down…