The Stock Market
Introduction Part 1. Theory: 1. Keynes's explanation for the instability of share prices and investment 2. The Efficient Markets Hypothesis 3. Other explanations for the volatility of share prices Part II. Markets and Returns on Investment: 4. The volatility of share prices 5. The slow growth of real dividends 6. The underevaluation of equities 7. The property market Part III. The Survey: 8. The sample of institutions 9. The allocation of investments 10. Selection of shares 11. Market makers and views of the market 12. Competition between fund managers and investment strategies Part IV. OTHER EVIDENCE: 13. Keynes as an investor 14. The performance of fund managers 15. The Press Part V. Conclusions: 16. Keynes's propositions, the efficient Markets Hypothesis and bubbles 17. Implications of the study 18. Are equities undervalued.