|
|
What Works On Wall Street. Revised Edition.
by James O'Shaughnessy
Published - 1998
Category - Portfolio Strategies
Synopsis - Historical backtesting and ranking of 15 popular value and growth stock investment strategies.
Reviewer - Derek J. Hoggett IBR Rating - 
Review - "What Works on Wall Street" earns its high ranking and is a must read for any serious risk-averse investor, but is not for the aggressive investor or trader. Its research is more relevant for the professional reader than the novice. If the book teaches the reader nothing else but to beware of getting caught up into investing in the latest 'hot' stocks it has performed a great service... Full Review
|
|
|
Gems of Wisdom From The Latest Book Reviews
|
|
|
Thinking independently is difficult since investors are conditioned from birth to go along with the crowd.
|
|
|
|
|
|
Past performance of a mutual fund is worthless if the fund manager leaves the fund, or changes his style.
|
|
|
|
|
|
Capital flows towards opportunities for windfall profit with astonishing speed: Professional conduct standards are a fragile defense against fraud and abuse.
|
|
|
|
|
|
Long-term testing of a strategy is essential because weaknesses may be concealed by short-term moves, and because the strategy is tested during differing investment climates.
|
|
|
|
|
|
Buy a stock only when it has fallen 50% from its 12-month high, and there is significant buying by knowledgeable outsiders of either 5% or more of the company's total outstanding stock or a 10% or more increase in 5%+ outsider holdings.
|
|
|
|
|
|
|
