This book is written for the serious mutual fund investor seeking a new and very different approach to mutual fund portfolio construction. It introduces F.S.I. ("Fund Screen Investigation"), the author's proprietary process for mutual fund portfolio construction. The process is highly structured, analytic, quantitative, and based on a set of assumptions regarding the workings of markets and investor psychology. The acknowledgment and measurement of risk is central to the process. A theme that resonates throughout the book is that things are not always as they appear in the investment world....

From the moron screaming into his cell phone, to the moron texting while she's driving, to the moron unconscious ahead of you at the stoplight, to the moron obsessing over his menu selection ahead of you in line, to the moron ahead of you at the checkout counter who leaves to retrieve a forgotten item, to the moronic automated customer helpline, and on and on, this book is an account of the massive quantity of Crudeness, Rudeness, and Stupidity released into our environment and the Aversive Life Forms responsible. It is not for the faint-hearted. Rounding out the presentation is a discussion...