Lectures at Bowling Green State University, June 2006

• A brief introduction
  

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• Lecture 1: The St. Petersburg Paradox and the Quantification of Irrational Exuberance
  

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• Some notes on Whitworth's book
  

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• David Durand's brilliant article, ``Growth Stocks and the Petersburg Paradox,''
  J. Finance, Vol. 12, No. 3 (Sep., 1957), pp. 348-363
  

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• Lecture 2: Models for Real-World Investors
  

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• Lecture 3: What Has Worked in Investing
  

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• Lecture 4: The Abyss Between Value Investing and Financial Engineering
  

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• Tweedy-Browne's article, What Has Worked In Investing
  

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• Tweedy-Browne's article, Ten Ways to Beat an Index

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• Tweedy-Browne's article, Investing for Higher After-Tax Returns
  

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• Browne's speech, Value Investing and Behavioral Finance
  

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• Tweedy-Browne's article, Great Ten-Year Record = Great Future, Right?
  

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• Auxier's tribute to Benjamin Graham, Honoring Benjamin Graham: The Father of Value Investing
  

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• Lowenstein's article, with commentary by Klarman, Searching for Rational Investors in a Perfect Storm
  

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• Lowenstein's article, Journey into the Whirlwind: Graham-and-Doddsville Revisited
  

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• Lowenstein's article, Searching for Rational Investors in a Perfect Storm: A Behavioral Perspective
  

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• Malkiel's article, Searching for Rational Investors: Explaining the Lowenstein Paradox
  

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• Comments on an article of Malkiel's
  

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• See page 3 of this letter for comments by Whitman on the Efficient Market Hypothesis
  

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• See page 3 of this letter for more comments by Whitman on the theory of market efficiency
  

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