Title: Mildly interesting theory, useless practice
Product review: I was hoping to get a better understanding of theories that have driven historical stock market performance. Unfortunately, I felt this book fell short. He explains several academic theories for portfolio selection, which was theoretically interesting. Most of them were pretty useless to me to help with stock selection. One academic said the longrun return you can expect in the stock market is 0%; get real. Actually using these theories is basically impossible. For a better academic understanding of the market, I'd highly recommend A Random Walk Down Wall Street. I started buying Vanguard 500 after reading that one.
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