C:\_Teaching\stat486\Reading.486.txt
				January 2023

It is expected that the students will read these assignments since we build on them in class.  If you would like to be ahead of the pack, you may start reading the following chapters early.  Since we will tend to have lots of reading material, we suggest you read lightly at first, then later you can review in more depth.  It's more important to have an overview idea of what's coming rather then put everything off due to lack of time for a "thorough reading". 

Wk	Assignment(s)
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1	BBM Part I (Chapters 1-5): The Old Way; AI Chapters 1-2

2	TWF Chapters 1-2, Appendix: Institutional, Building Blocks, Stochastics; AI Chapter 3-5

3	AI Chapters 8, 15

4	TWF Chapters 9-10: S(t) as Noisy Interest, Resampling; AI Chapter 16, 19

5	TWF Chapters 7-8: Security analysis, Fundamentals, Empirical forecasting

6	TWF Chapter 3: Diversification and Portfolio Selection

7	BBM Part II (Chapters 6-8): The New Way

8	BBM Part II (Chapters 9-10)

9	BBM Part II (Chapter 11)

10	TWF Chapter 11: Common stock options

11	AI Chapter 24

12	AI Chapter 25

13	TWF Chapter 6: Momentum, growth, risk profile; AI Chapter 14

14	BBM Part III (Chapters 12-13): The Way Ahead; AI Chapters 27-28

15	TWF Chapter 12: Unsettling questions; AI Chapter 29


Texts
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TWF - Thompson, James R., Williams, Edward E., and Findlay, M. Chapman.  "Models for Investors in Real World Markets". Hoboken, N.J.: John Wiley & Sons, 2003. ISBN-10: 047135628X; ISBN-13: 978-0471356288

AI - A. Ilmanen. Expected Returns, an Investor's Guide to Harvesting Market Rewards, New York: John Wiley and Sons, Inc., 2011. ISBN: 978-1-119-99072-7

BBM - Benoit B. Mandelbrot and Richard L. Hudson.  "The (Mis)Behavior of Markets: a Fractal View of Financial Turbulence."  New York: Basic Books, 2004. ISBN: 0465043550.