INDEX

Italic page numbers refer to entries in tables, illustrations, or chapter opening quotes.

A

ABA Banking Journal, 154

Abelson, Alan, 73

ABN AMRO, 79

accountability. See corporate executives; corporations accounting practices. See corporate accounting acquisitions, 92–95

Adelphia, 88

AFL-CIO, 86, 87

Alex Brown, 79

AMBAC, 153

A.M. Best, 159–160, 210

American Association of Individual Investors, 155

American Stock Exchange, 153, 154

America Online (AOL), 96–97

AMEX Internet Index, 136

analysts. See investment analysts

Analysts’ Initial Coverage Recommendations on JDS Uniphase, 79

Andreesen, Marc, 96

Annualized Return 1998–2001, 13

annuities

corporate credit ratings, 209–210

equity-index, 158–164, 169, 178, 186

equity-index life insurance, 164–167

help with investing in, 170–172

overview of, 156–157

variable, 167

worldwide growth of, 168–169

Anschutz, Phil, 89

Antioco, John, 61

AOL (America Online), 96–97

Asensio, Manuel, 71

asset allocation as inadequate strategy, 2–3, 5, 121, 136–137

and retirement, 184–185

and risk management, 106–108, 115

audits. See corporate accounting averaging, 161–164, 186

B

Bailard, Biel and Kaiser, 34–35

balance sheet, 117–119

bank accounts, 125

See also checking accounts; savings accounts

Bank of America, 87

banks and market-linked investments, 142–152, 153, 156

Banque Generale du Luxembourg, 168

Barron’s, 73

Bear Stearns, 99, 210

behavioral finance, 27–42 201

Beresford, Dennis, 51–52

Bernhardt, Dan, 45

Bernstein, Jake, 32, 134

beta, 108–109

Bethlehem Steel, 56

biotech craze, 18–19

See also Internet and technology stocks

Black, Fischer, 140–142

Black-Scholes formula, 141–142

Blockbuster Inc., 60–63

Blodget, Henry, 68, 69, 72

blue-chip stocks,

disappearance of, 17–18

Bodie, Zvi, 155

Bodurtha, Stephen, 153

Boesky, Ivan, 65

Bogle, John, 131–133, 155

bond funds, 44, 177

Brinson, Hood and Beebower, 107

Broadcom, 89

broker/adviser professionals. See investment analysts brokerage firms.

See investment firms

Buffett, Warren, 66

bull market, 5, 17, 69, 111, 121

See also stock market

Bureau of Labor Statistics, 165, 177–178

Burke, Edmund, 117

Bush, George W., 66

Business Week

article on JDS

Uniphase, 77, 78

articles cited, 53, 54, 57, 88, 89

buying low/selling high, 13

C call option, 203–204, 206–207

Canadian Business, 78

capital. See principal protection capital system and corporate corruption, 45–66

and emotional appeals, 36–37

importance of stock performance in, 59, 91

independent audits and bias, 80–81

reform, 3, 51–52, 65–66, 189–202

Carpenter, Carl, 155

Case, Steve, 97

cash value life insurance, 165, 167

CDs (Certificates of Deposit), 110

See also market-linked certificates of deposit

CEOs (chief executive officer). See corporate executives

Certified Financial Planner

(CFP) credentials of, 170–172

increased popularity of, 165

services provided by, xi, 105, 106, 182

Certified Public Accountant. See CPA

Chartered Financial Analyst (CFA), 69

Chartered Financial Consultant (ChFC), 170–172

checking accounts, 110, 123

Chicago Board of Options Exchange (CBOE), 140, 153, 154

Church, Stephen, 58, 59

CIBC World Market, 154

Cisco Systems, 51, 71

Citigroup, 194

CNBC, 67

Coca-Cola, 51, 177

commodities market, 139–140

Compaq, 71

compensation expense. See corporate accounting

Compleat Day Trader, The (Bernstein), 32

Computer Associates, 88

computer modeling, 109–110

confirmation bias, 31

conflicts of interest, 67–83, 80–81, 189

conglomerate boom of the 1960s, 92, 94, 95

Conseco, 87

consumer rebates and market manipulation, 55

corporate accounting

audits and conflicts of interest, 80–81, 189

Blockbuster and corporate reporting, 60–63

and executive accountability, 45, 60, 65–66

mergers and acquisitions, 92–95

and pension funds, 57–59, 66

pro forma and EBITDA, 52–53

reform, 50–52, 192–197

regulators and AOL, 96–97

and stock options, 45–48, 50–51

vendor financing, 53–55

See also individual corporation names corporate executives and accountability, 65–66, 191–194

compensation compared to employee/market gains, 86–92

and conflicts of interest, 189

corporate notes, 142

corporate scandals

Enron, 18, 66, 102

S&L, 65

and stock market losses, 1, 2, 88–89

corporate tax evasion, 190–191

corporations credit ratings of, 209–210

and independent audits, 80–81

investment risk/ potential gain, 24

and market manipulation, 22–25, 45–48, 55

and pension plans, 55–59, 66, 175, 176–177

reform of, 65–66, 189, 191–194, 200–202

and stock market benefits, 2, 4, 11, 50, 92–97

and stock options, 46–50, 85

See also corporate accounting; corporate executives; mergers and acquisitions correlation coefficient, 107

CPA (Certified Public Accountant), 81, 170, 171

credentials for financial professionals, 68, 69, 170–171

credit card debt, 122, 123, 170

Credit Lyonnais, 70

credit ratings of corporations, 209–210

Credit Suisse First Boston (CSFB), 56, 58, 70, 71

Crowd: A Study of the Popular Mind, The (Le Bon), 36

Crushing Weight of the Pyramid, The, 24

D daily average, 161–164, 186

Dalbar Inc., 12

day trading, 32–33, 43

“Day Trading: It’s a Brutal World” (Time), 32

debt and financial planning, 122–124

deferred annuities, 156–157

defined-benefit plans, 55–59, 66, 175

Delta Air Lines, 49

derivatives, 139–140

See also risk management

“Dilbert” index, 130

Dillon Read, 80

dilution of stock. See stock dilution

Disney Corporation, 86–87, 91–92

diversification

as inadequate strategy, 2–3, 5, 121, 136–137

and retirement, 185–186

and risk management, 106–108, 115

Dow, Charles, 130

Dow Jones Industrial Average (Dow), 130, 158, 162

E

“Earnings Are so Passe” (Kiplinger’s), 76

earnings before interest, taxes, depreciation, and amortization (EBITDA), 53, 70, 194

Economic Policy Institute, 13

Economic Recovery Tax Act of 1981, 191

EDGAR (Electronic Data Gathering, Analysis, and Retrieval), 61

efficient-market theory, 35–36

Eillis, Charles, 16

Eisner, Michael, 86–87

Electronic Data Gathering, Analysis, and Retrieval. See EDGAR

Employee Benefits Journal, 59

Employee Benefits Research Institute, 177

Employee Retirement Income Security Act (ERISA) of 1974, 174

employee stock purchase plans, 181–182

Enron

corrupt business practices by, 57, 66, 88, 177

stock market losses, 18, 102

equity-index annuities, 158–164, 169, 178, 186

equity-index life insurance, 164–167

equity-linked investments, 168–169, 184

equity-linked notes, 152–156, 159, 178, 209–210

equity mutual funds. See mutual funds

E-Tek Dynamics, 77

Eurostox 50, 143

executives. See corporate executives

Extraordinary Popular Delusions and the Madness of Crowds (Mackay), 37

F

Fannie Mae (Federal National Mortgage Association), 183

FAS 87 (Financial Accounting Standard 87), 57

FASB (Financial Accounting Standards Board), 51–52

FDIC (Federal Deposit Insurance Corporation), 125, 143, 148, 152, 153

Federal Trade Commission, 165

Fidelity Aggressive Growth, 13

Fidelity Select Electronics, 13

fiduciary role, 59, 179

Financial Accounting

Standard 87 (FAS 87), 57

Financial Accounting

Standards Board (FASB), 51–52

financial engineers, 142, 147, 158

financial independence, 187–188

financial planner. See Certified Financial Planner financial planning. See personal financial plan; protected investments; retirement financial professionals, 170–172

First Union, 79

First Union Securities, 79

Flesch, Rudolph, 189

flipping, 100

Forbes, 49, 50

Ford, Gerald, 174

Fortune, 70, 87, 88–89

Fortune and Folly: The Wealth and Power of Institutional Investing, 33, 457s, 175

401(K) plans, 56, 174–180, 181, 184–185, 403(B), 175, 176

Freddie Mac (Federal Home Loan Mortgage Corporation), 183

fund managers. See investment firms; mutual funds

FutureMetrics L.L.C., 58

futures, 139–140

G

Galbraith, John Kenneth, 37–38

gambling

history and popularity of, 39–41

stock market investments as, 38–39, 115, 118, 125

and trust in money managers, 137–138

General Electric, 57

Generally Accepted

Accounting Principles (GAAP), 52–53, 193

General Motors, 55–56, 58–59

Gillette, 51

Ginnie Mae (Government National Mortgage Association), 182–183

Global Crossing, 88, 89, 90

glossary of terms, 221–226

Goldman Sachs, 210

government-backed securities, 125

Graham, Benjamin, 12

Greenspan, Alan, 35, 85

Grubbs, Rick, 70

Grubman, Jack, 71, 72

H

Hall, Steven, 49

“Hear No Risk, See No Risk, Speak No Risk” (Fortune), 70

hedging, 139–140, 143, 154

herd mentality, 13, 28, 30, 36–37

See also behavioral finance high-water mark look-back, 163–164

historical perspective

of corporate dominance, 201–202

of the information age, 25–26

on risk, 111

of the stock market, 17–25

homeowners insurance, 112–114, 116

House Budget Committee Task Force, 153

How to Be an Index Investor (Isaacman), 16

HSBC Bank, 151

Hulbert Financial Digest, 16–17

hybrid products. See equity linked notes

I

IBM, 57

immediate annuities, 156–157

income tax

benefits for corporations, 48, 190–191

and deferred investments, 148, 157, 158, 176–177

indexes

investing in, 17, 109, 129–138

and market-linked certificates of deposit, 143–146

most widely used, 130–131

See also individual index names individual investment strategy. See personal financial plan inflation risk, 106, 110–112

See also risk management information age and increase in speculation, 25–26

initial public offering (IPO), 64–66, 68, 98–101

insurance, 125, 142, 169, 209–210

insurance agents, 169, 170–171, 172

insurance companies annuities, 142, 156–157

equity-index annuities, 158–164, 186

equity-index life insurance, 164–167

Intelligent Asset Allocator, The (Bernstein), 129

international trade and corporate tax evasion, 190–191

Internet and investing, 25, 32, 36

Internet and technology stocks, 18–19, 64, 69, 93–94

Invesco Dynamics, 13

investing and behavioral finance, 27–44, 201

compared to gambling, 2, 11, 34–35, 38–39

historical changes in nature of, 17–25

individual vs. the market, 11–15, 133–134

and investment analysts, 67–68

strategies for, 3, 5, 44, 105

See also indexes; protected investments; retirement; risk management; stock market investments

investment analysts call for new thinking by, 198–200

and conflicts of interest, 67–69

credentials for, 171, 172

media hype and Winstar, 70–72

overconfidence of, 78–80, 82–83

traditional approach of, 82–83, 107, 134–135, 169

worth of, 30, 66, 73, 132–133

See also investment firms; money managers; Wall Street investment banks, 98–101, 197–198

investment firms

as advisors, 11, 24, 68, 135

and conflicts of interest, 4, 68, 189

and industry reform, 197–200

legal action against, 72–73

and market advances, 2, 98

and protected investments, 146, 149, 152–155, 156, 169

See also individual firm names; investment analysts investment grade ratings, 210

investment manager. See Certified Financial Planner; money manager investment plan. See personal financial plan; retirement

Investment Policy Statement (IPS), 106

investment risk. See risk; risk management

Investments (Bodie, Kane, and Marcus), 135

investment scams, 195–197

investment strategies. See personal financial plan investors. See investing

IPO, 64–66, 68, 98–101

IRA, and annuities, 159, 174, 175–176, 178

Irrational Exuberance (Shiller), 35

IRS (Internal Revenue Service), 174

Isaacman, Max, 16

“Is JDS Uniphase

Bonkers?” (Business Week), 77

“Is This Kind of Insurance Worth the Cost” (Money), 155

J

Janus Funds, 14

Janus Mercury, 13

JDS Uniphase, 73–80, 193

John Bogle on Investing: The First 50

Years (Bogle), 132

Journal of Finance, 14

J.P. Morgan, 49

JPMorgan Chase, 210

Justice Department, 92

K

Kalkhoven, Kevin, 73, 78

Kastan, Mark, 70, 71, 72

Keating, Charles, 65

Keoghs, 159

Kerschner, Edward, 76

Kiev, Ari, 32–33

Kiplinger’s Personal Finance, 76

L

Lay, Kenneth, 102

Le Bon, Gustav, 36

Lehman Brothers, 153, 210

Leifur, Conrad, 77

Levitt, Arthur, 23

liabilities, personal, 117–118

life insurance, 164–167

Lincoln, Abraham, 202

Long Term Capital, 203

long-term outlook, 5, 108, 115, 121, 186–187

M

Mackay, Charles, 37

MacKay, Doug, 80

Macleans, 78

Making the Most of Your Money (Quinn), 20, 43

Malkiel, Burton G., 15

managed mutual funds. See mutual funds

Markese, John, 155

market analysts. See investment analysts market-linked certificates of deposit (MCD) compared to equity index annuities, 159

and IRAs, 178

overview of, 142–147

pros and cons of, 147–152, 155–156

and retirement, 186

market-linked investments and asset allocation, 184

certificates of deposit

(MCD), 142–152

history of, 168–169

overview of, 140–142

market mania, 35–38

market manipulation. See corporations

market risk. See risk management

Markowitz, Harry, 107

MCD. See market-linked certificates of deposit media influence on the stock market, 36, 67–68, 73

Meeker, Mary, 68, 69–70, 72

mergers and acquisitions, accounting methods for, 92–95

Merrill Lynch

author’s early exposure to, ix–xii

corporate credit rating, 210

fined by New York

State, 72

HSBC PIP (Protected Investment Product), 154

MITTS (Market Index Target Term Security), 153

public image, 68, 82, 135

and stock options, 49, 51

Microsoft, 51, 71

Midland National Life, 163

Milken, Michael, 65, 89

MITTS (Market Index Target Term Security), 153

momentum investing, 28

Money, 12, 155

money management tools annuities, 156–158

equity-index annuities, 158–164

equity-index life insurance, 164–167

equity-linked notes, 152–156

hedging, 139–140

market-linked investments, 140–152

money manager

ability to advise investor, 15–17, 135

market performance vs. client’s needs, 22,

129, 137–138

See also investment analyst money purchase plans, 175

Moody’s, 152, 160, 209–210

Morgan Stanley Dean Witter, 68, 69, 70

Morningstar Mutual Funds, 16, 24–25, 132–133

mortgages and options, 206–207

Motorola and vendor financing, 54–55

Motorola and Nokia vs.the Uzan family, 54

mutual funds and annuities, 157, 161

compared to index funds, 133–134

growth in number of accounts, 24–25, 174

and market returns, 4–5, 12, 15–17, 82, 132

and principal protection, 142, 167–168

and retirement, 179, 201

and risk, 19, 38–39, 115, 124, 125

N

NASDAQ Composite

decline of, 22, 69–70, 83, 86, 136

overview of, 130–131

National Home Life, 160

National Steel, 56

Netscape acquired by AOL, 96–97

Newsweek, 184

New McClures, The, 105

New York State fines Merrill Lynch, 72

New York Stock Exchange, 153

New York Times, 57

Nikkei 225, 143, 9

Steps to Financial Freedom, The (Orman), 43–44

Nokia and Motorola vs. the Uzan family, 54

nonwasting asset, 95

North American Securities Administrators Association, 72

O

Odean, Terrance, 31

Oglebay Norton & Co., 49

options, 139–142, 203–207

Orange County, 203

Orman, Suze, xi, 43–44

OTC Newsletter email solicitation, 195–197

Overworked American: The Unexpected Decline of Leisure, The, 119

Ovitz, Michael, 91–92

P

PaineWebber, 76, 153

Pak, Simon, 190–191

“Parable of Money Managers, The” (Sharpe), 137–138

Parish & Company, 51

Park, Robert, 31

Paul Myer and Partners, 49

“Pension Assumptions and Funding Levels: What Is Reasonable” (Church and Strauss), 58

Pension Benefit Guaranty Corporation (PBGC), 56, 59

pension funds, 55–59, 66, 175

Peoples Benefit Life, 160

personal balance sheet, 118

personal debt, 122–123

personal financial plan

asset evaluation, 117–119

gaining and maintaining control, 121–125, 200–202

protected investments, 139–172

quality of life, 119–121

retirement, 173–188

personal statement of net worth, 117–119

PIP (Protected Investment Product), 154

Pittman, Robert, 97

point-to-point method, 159, 160–163, 186

Poitier, Sidney, 87

pooling of interests method, 94–97

portfolio. See personal

financial plan; protected

investments; stock

market investments portfolio managers. See money manager; Certified Financial Planner

Portfolio Selection (Markowitz), 107

Premier Bank, 149

prepayment and extension risk, 182–183

price-to-earnings (P/E) ratio, 45, 48–49, 60

PriceWaterhouseCoopers’ study on mergers, 94–95

“Pricing of Options and Corporate Liabilities, The” (Black and Scholes), 140–141

principal protection market independent growth, 14–15, 19, 136

risk management, 5–6, 139–172

system reform, 189

See also protected investments private mortgages, 183

Proctor and Gamble, 177

profit-sharing, 175–176

pro forma accounting, 52–53, 194

protected investments annuities, 156–157

and corporate credit ratings, 209–210

equity-index annuities, 158–164

equity-index life insurance, 164–167

equity-linked notes, 152–156

evaluating, 167-168

and financial professionals, 170–172, 401(K), 176–182

growth of, 168–169

hedging, 139–140

list of, 6

market-linked certificates of deposit, 142–152, 155–156

market-linked investments, 140–142

See also retirement Protected Plan, 117–125

Protected Sector Notes, 168

Prudential, 135

psychographics, 34

psychology of investing, 26, 27–39, 40–44, 201

purchase acquisition method, 94–95

put option, 203–206

Q

quality of life, 119–121

“Quantitative Analysis of Investor Behavior” (Dalbar Inc.), 12

Quinn, Jane Bryant, 20, 43, 184

Qwest Communications, 53, 89

R

Random Walk Down Wall Street, A (Malkiel), 15

Rashes, Michael, 14

Raymond James, 79

real estate investments, 44, 110, 124, 176

Red Oak Tech Select Fund, 80

retirement

and annuities, 156–157, 159

asset allocation and diversification, 184–186

and computer modeling, 109–110

and employee stock purchase plans, 181–182

and 401(K) plans, 174–180, 181

importance of planning for, 187–188

life insurance, 164–165

and market-linked certificates of deposit, 148, 186

and pension plans, 56, 173–175

sources of income for, 175–176

U.S. government-backed mortgage securities, 182–183

Revenue Act of 1950, 46

reverse-convertible, 168

risk

psychology of, 28, 137

of stock market investments, 3, 7, 26, 108–109

transfer to third party, 5–6, 116

types of, 105–106

risk averse, 28, 34, 177–178

See also principal protection; protected investments risk management asset allocation and diversification, 106–108, 115

and indexes, 131, 136–138, 176

and inflation, 110–111

and principal protection, 19, 187

and stock market inves ing, xi–xii, 4, 19, 108–109, 112–116

tools for, 139–169

See also money management tools; protected investments

Roth IRAs, 175–176

Rules of Investing (Sivy), 19

Russell 2000, 136, 158, 162, 163

S

Salomon Smith Barney, 70, 153, 210

Sample Aged-Based Asset

Allocation, 185

Saporta, Alan, 139

Sarbanes-Oxley Act of 2002, 65

savings accounts, 110, 123, 170

Scholes, Myron, 140–141

SDL, Inc., 77, 193

Securities and Exchange Commission. See U.S. Securities and Exchange Commission

Security Analysis (Graham), 11

self-directed 401(K), 179–180

self-directed IRA, 178

SEPs, 159

Shaearson Lehman, 135

shareholders and corporate accounting practices, 53, 192

corporate obligation to, 85, 87, 91, 101–102

and the legal system, 91–92

and pension plans, 56, 57, 59

and stock options, 49–50, 52, 85

See also stock market investments

Sharpe, William, 137

Shefrin, Hersh, 29–30

Shiller, Robert, 35–36

Short History of Financial Euphoria, A (Galbraith), 37–38

Sivy, Michael, 19–20

S&L (Savings and Loan), 59, 65

Smith, Adam, 41, 101–102

Smithers & Co., 50

social security, 175

Soffronoff, John, 149

speculation. See investing; stock market investments

S&P 500

and equity-index annuities, 158, 160, 162

and equity-index life insurance, 166

growth compared to executive earnings, 86

historical performance, 12, 20, 44, 136

and market-linked certificates of deposit, 143, 149–150

overview of, 130

and pension plans, 56, 57

S&P 400, 158, 162

spinning, 100

Sprint, 87

Sproutt Securities Ltd., 80

Standard & Poor’s 500. See S&P 500

Standard & Poor’s ratings, 152, 160, 209–210

Statman, Meir, 29

stock. See stock market investments stock analysts. See investment analysts stockbrokers ability to advise, 15–16

credentials for, 69, 170–171

as salesmen, ix–x stock dilution and IPOs, 64, 98

mergers and acquisitions, 94

and stock options, 49, 90–91

stockholders. See shareholders stock market beneficiaries, 12–15, 24, 85–102

and conflicts of interest, 189

downturn in early 2000s, 1, 4, 27, 83

future outlook of, 21, 41–44, 198–202

gains of late 1900s, 65, 69, 83, 93, 121

historical perspective of, 17–25

optimism and JDS Uniphase, 73–80

and pension plans, 56–57, 59

ratings, 68

See also Internet and technology stocks; volatility; Wall Street

stock market investments

and behavioral finance, 29, 201

buying and holding, 19–22, 82, 121, 125

and indexes, 129–138

individual investor performance, 2, 11–15, 133–134

and principal protection, 19, 118, 123, 139–152, 161

and stock options, 48–50

See also investing; protected investments; risk management

stock options accounting, 46–48, 50–52, 66

corporate profits, 50–52, 85–87

executives, 87–92, 192

individual investors, 48–50

“Stock Options Are Not a Free Lunch” (Forbes), 49, 50–51

Stock Performance vs. Executive Pay, 87

“Stocks Suck” (Winslow), 161

strategies for investing. See personal financial plan

Straus, Jozef, 73, 78

Strauss, Williams, 58

Streeter, Susan, 80

structured products. See equity-linked notes

Sun Microsystems, 51

system reform, need for, 3, 51–52, 65–66, 189–202

See also capital system

T

Tarbox Equity, 155

tax-deferred investments, 148, 157, 158, 176–177

See also retirement

Tax Reform Act of 1986, 191

technology stocks. See

Internet and technology stocks

Telsim, 54

Tennenbaum, Michael, 99

Thayler, Richard, 30

Time Warner acquired by AOL, 97

Trading, 25–26, 31

See also investing; stock market investments

Transamerica Corp, 49

Trzcinka, Charles, 12

Turner, Lynn, 53

Tversky, Amos, 28, 29 20/20

story on investment firms, 135

Tyco, 88

U

UBS Warburg, 71, 76

Unger, Laura, 87

Uniphase Corp. See JDS Uniphase

US Bancorp Piper Jaffray, 77

U.S. Bureau of Labor Statistics, 165, 177–178

U.S. Department of Justice, 92

U.S. Federal Trade

Commission (FTC), 165

U.S. government-backed mortgage securities, 182–183

U.S. Securities and

Exchange

Commission (SEC) corporate filings with, 54, 61, 71, 78

and corporate manipulation, 23, 54, 99

investigation of AOL, 97

and OTC filing, 196, 197

and system reform, 51, 52, 95, 195

the Uzan family, Motorola and Nokia vs., 54

V

Vanguard Cap

Appreciation, 13

Vanguard 500

Index Fund, 131

Vanguard Group, 131, 132

variable annuities, 167

Veblen, Thorstein, 27

vendor financing, 53–55, 70–72

volatility of the stock market

aging population, 173

beta, 108–109

equity-index annuities, 158, 164

equity-index life insurance, 166–167

market-linked certificates of deposit, 146–147

options, 140–142

statistics, 21–22

W

Walden (Thoreau), 173

Waldorf, Glenn, 71

“Walk on the Safe Side, A…” (Money), 155

Wall Street collective theories of, 15, 28, 39, 107

and Enron, 102

and IPOs, 99, 100

optimism and JDS

Uniphase, 73–80

performance of professionals associated with, 16, 18–19, 66, 68, 72

Wang, Charles, 88

Wealth of Nations, The (Smith), 101

Weiss, Ira, 16

Weiss Ratings, 159, 210

Wilshire 5000, 16–17, 136

Wilson, Charles, 55

Wilson, John, 80

Winnick, Gary, 89

Winning the Losers Game (Ellis), 16

Winslow, Ed, Sr., 17

Winstar, 70–72

Women in Business, 20

Worldcom, 66, 88

W.R. Hambrect, 79

Y

Yahoo!, Inc., 53

“You Bought, They Sold” (Fortune), 88–89

Z

Zdanowicz, John, 190–191

zeitgeist, 35