ben stein
&
phil demuth

 

 

Yes, You Can Time the Market!

Errata

Yes, You Can Time the Market!

Many thanks to our alert readers who have pointed out the following:

Page 25: "1,443 percent return" should be "1,433 percent return"

Page 75, Figure 5.2: The y-axis should read 0, 0.5, 1, 1.5, 2, 2.5, 3.

Page 93: The 'AAA' bonds are Moody's long-term corporate bond averages, not 10-year 'AAA' bonds.


Page 108, Figure 7.3: A printer's error put the wrong graph as Figure 7.3. The text on page 110 is correct. Here is the real Figure 7.3:

Page 130, Figure 7.18: The Market Timer's and Non-Market Timer's label on the graph is reversed. The description in the text above the graph is correct.

Page 141: The exclusion from capital gains taxes paid on the first million dollars profit on your primary residence of two years is limited to $250,000 per person.

Page 149: "their analyzes" should be "their analyses"

Page 155: "long run that buying" should be "long run than buying"

Page 169, reads better as: "A look at stock earnings and prices after the vast collapse of 1929-1933 until early 2000 (Figures 9.2, 9.3) shows impressively angled lines trending upward with a few very temporary but occasionally very sharp dips."

Page 176, punctuation corrected: "The equity risk premium has come off stocks with a vengeance. Still, even after the crash of 2000-2002, because of excess optimism, or 'irrational exuberance,' or animal spirits, or just plain old ignorance, while earnings fell dramatically, proving vividly that there should indeed be a major risk premium in stocks, stock prices did not fall anywhere near as far or as fast."