What Works on Wall Street"A major contribution . . . on the behavior of common stocks in the United States." The consistently bestselling What Works on Wall Street explores the investment strategies that have provided the best returns over the past 50 years--and which are the top performers today. The third edition of this BusinessWeek and New York Times bestseller contains more than 50 percent new material and is designed to help you reshape your investment strategies for both the postbubble market and the dramatically changed political landscape. Packed with all-new charts, data, tables, and analyses, this updated classic allows you to directly compare popular stockpicking strategies and their results--creating a more comprehensive understanding of the intricate and often confusing investment process. Providing fresh insights into time-tested strategies, it examines:
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Contents
| 1 | |
| 13 | |
Chapter 3 Rules of the Game | 31 |
Size Matters | 49 |
Separating the Winners and Losers | 71 |
A Better Gauge of Value | 91 |
Using Cash to Determine Value | 109 |
The King of the Value Factors | 127 |
Winners Continue to Win | 221 |
Chapter 16 Using Multifactor Models to Improve Performance | 243 |
Ratios That Add the Most Value | 259 |
Ratios That Add the Most Value | 269 |
Chapter 19 Searching for the Ideal Value Stock Investment Strategy | 281 |
Chapter 20 Searching for the Ideal Growth Strategy | 295 |
Chapter 21 Uniting Strategies for the Best RiskAdjusted Performance | 309 |
Chapter 22 New Research Initiatives | 319 |
Buying an Income | 143 |
Chapter 10 The Value of Value Factors | 155 |
Chapter 11 Do High Earnings Gains Mean High Performance? | 167 |
Chapter 12 FiveYear EarningsperShare Percentage Changes | 185 |
Do Investors Profit from Corporate Profits? | 197 |
Chapter 14 Return on Equity | 209 |
Chapter 23 Ranking the Strategies | 335 |
Chapter 24 Getting the Most Out of Your Equity Investments | 377 |
Appendix | 385 |
Bibliography | 393 |
Index | 403 |