What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time
| Author | : | |
| Rating | : | 4.87 (630 Votes) |
| Asin | : | 0071625763 |
| Format Type | : | paperback |
| Number of Pages | : | 704 Pages |
| Publish Date | : | 2015-10-03 |
| Language | : | English |
DESCRIPTION:
As a result, abysmal returns are being called “the new normal,” financial “experts” are ringing the death knell of buy-and-hold, and investors’ faith in equities has hit an all-time low. And when you see the data, you’ll see there is no argument: Stocks work.Now in its second decade of helping investors succeed with stocks, What Works on Wall Street continues to provide the most effective investing strategies, presenting incontrovertible data on what works and what doesn’t. You can abandon the stock market based on what is happening today. Historically tested long-term strategies that always outperform the market“O’Shaughnessy’s conclusion that some strategies do produce consistently strong results while others underperform could shake up the investment business.”Barron’s“What Works on Wall Street is indisputably a major contribution to empirical research on the behavior of common stocks in the United States. Updated with current statistics and brand-new features, What
O’Shaughnessy is the author of the bestsellers What Works on Wall Street, How to Retire Rich, Invest Like the Best, and Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years.. James P. O’Shaughnessy is chairman and CEO of O’Shaughnessy Asset Management. He previo
About the AuthorJames P. O’Shaughnessy is the author of the bestsellers What Works on Wall Street, How to Retire Rich, Invest Like the Best, and Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years.. He previously served as portfolio manager, director of systematic equity, and senior managing director for Bear Stearns. O’Shaughnessy is chairman and CEO of O’Shaughnessy Asset Management
A must read for all investors if you are not familiar with the content already The book shows that certain kinds of stocks (small stocks, low p/e stocks, etc.) outperform decade after decade (60+ years!) without being much more risky. All investors should be familiar with these results. Your return would be 5-10 percentage points higher than average just by following some very simple rules. The first time I read this book it really shocked me. If it is so simple to get superior returns, why are almost all fund managers just getting average returns?The book is full of statistics providing the details, but there is also useful information in the text. I would have preferred to move 2/3 of the sta. Dated Book Offers Look Back at Popular Investment Strategy MacheteJason While this book was revolutionary in the 1990s, it was obsolete when first published because it got exploited by investors everywhere as soon as it was known. What Works on Wall Street is in its 4th edition but has not even been updated since the 3rd edition. It did work as far as finding a strategy that's effective when back-tested but it is hopelessly outdated now. Jim has not had a hugely successful track record running money overall. O'Shaughnessy has worked in the US and Canada with mixed results. After the tech wreck the mutual funds Jim managed were shut down (Cornerstone Growth and Cornerstone Value) and the . Review for 2011, fourth edition Rob Lowe I am a big fan of James O'Shaughnessy and I use a number of the strategies he outlined previously with good results.I have returned my copy of the 4th edition. The previous editions had updated data for each strategy discussed, plus new strategies that were examined. Unfortunately, this edition does not. While I am interested in hearing his new findings, I expected, wanted and needed data updates for all the strategies previously reviewed, particularly those I use or am considering using. I was totally surprised and disappointed by this change.I highly recommend his 3rd edition of this book.