" To be appreciated most by financial planners, economists, stock market analysts and all others involved with investment theory and managing other people's money. Discusses the rise of the Capital Asset Pricing Model, Modern Portfolio Theory and its companion the Efficient Market Hypothesis which influenced portfolio management for decades, and how academic research and events have overthrown those belief systems. Other issues discussed include the rise of portfolio insurance, options and derivatives, and the mortgage bubble. What it lacks is a discussion of how the overthrow of the Efficient Market has undermined basic assumptions in the Financial Planning world (e.g. The Efficient Frontier used in portfolio allocation), and what that means for those seeking guidance on how to build their financial future, especially a financially secure retirement. "
— Ralph, 1/23/2014