"Investing well depends on competitive advantage. Some portfolios are simply in a better position to generate returns for reasons that have nothing to do with their managers. The best investors know their relative strengths and weaknesses and try to anticipate circumstances where they might earn...

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Part I Theory -- Chapter 1 Welcome, Harry Markowitz -- In the Beginning -- Choose Wisely -- All Cash Flow Includes Risk -- Risk Is the Mirror to Return -- The Surprising Power of Diversification -- The Sources of Risk...