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What Works on Wall Street(Paperback)
What Works on Wall Street(Paperback)
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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. . . . Conceivably, the influence of What Works on Wall Street will prove immense.”
―The Financial Analysts’ Journal
“O’Shaughnessy’s latest, What Works on Wall Street, is a serious inquiry into the investment strategies that stand up under long-term scrutiny and is refreshing research for every investor.”
―Stocks and Commodities
“A bible for investment strategies. . .”
―Seeking Alpha
About the Book:
Recent history has witnessed one of the worst stock market beatings ever. 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. You have two choices. You can abandon the stock market based on what is happening today. Or you can invest today based on what will happen in the future.
Containing all new data, What Works on Wall Street, Fourth Edition, is the only investing guide that lets you see today’s market in its proper context― as part of the historical ebb and flow of the stock market. 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. Updated with current statistics and brand-new features, What Works on Wall Street offers data on almost 90 years of market performance, including:
- Stocks ranked by market capitalization
- Price-to-earnings ratios
- EBITDA to enterprise value
- Price-to-cash flow, -sales, and -book ratios
- Dividend, buyback, and shareholder yields
-
One-year earnings-per-share percentage changes
Providing you with unparalleled insights into stock performance going back to 1926, What Works on Wall Street is a refreshingly calming, objective view of a subject that is usually wrapped in drama, hyperbole, and opinions that are plain wrong.
This comprehensive guide provides the objective facts and winning strategies you need; all you have to do is make the decision to ignore the so-called market experts and rely on the long-proven approach that has made What Works on Wall Street an investing classic.
Features:
- Paperback
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This book was way bigger than anticipated but is not as daunting as it firs appears as there is a plethora of tables and charts which you can quickly hone in on the metrics that interest you.It presents an interesting and well time tested approach to investing but I suspect putting it in to practice may prove difficult. That is constructing the portfolios suggested would require considerable effort.However it also provides more generalised observations that would be of benefit to any serious investor.I really enjoyed the underlying message of this book and will look to implement some of the less complex approaches it offers.
The strategies in this book were back tested over a very long period and have held up in the years after its publication. They have been profitable and superior to the S&P500 for decades.The most important thing to me is the back testing. I will not trade any strategy that doesn't have a long verifiable track record.
Didáctico e instructivo, pero tienes que estar preparado mentalmente para leerlo con toda tu atención. Tienes que haber leído antes libros de iniciación a la inversión puesto que si no, vas a estar parando la lectura constamente. Pero también tener un buen espíritu crítico hacia el contenido
This book provides a wealth of thoroughly backtested research. It is essential reading for anyone who takes investing seriously. I have used it in my screening processes to good effect. It's the type of book I wish I could have read decades ago.
It is interesting and in depth although flawed. No successful investor manages portfolios that way. Then maybe that’s the point. Perhaps they should.