What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time

by JamesP.O'Shaughnessy (Author)

• New

  Hardcover
  2011

  $36.66

  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 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.

• Used

  Hardcover
  2005

  $23.11

  This title offers long-term strategies that have always beaten the markets, and how to make them work for you. What Works on Wall Street, Third Edition , cuts straight to the chase, examining actual historic performance figures to tell you which strategies have provided investors with the best returns, which should be avoided at all costs, and why. Comprehensively updated from its bestselling second edition, this investor classic goes beyond hype and rumor to focus on actual results, and tell you what smart investors are doing now. '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 . 'O'Shaughnessy's study is already making waves in the investment community! Could well become a classic' - Smart Money . 'James O'Shaughnessy has enshrined P/S in the investing hall of fame in his superb new book, What Works on Wall Street ' - James K. Glassman, The Washington Post . 'What investment strategies have worked over the last 40 years? Ask this man' - Barron's .For many investors, the stock market is little more than a guessing game. The stock market bubble of the late 1990s had many investors convinced that the rules of the game had changed and that this time, it really was different. What Works on Wall Street, Third Edition - with all new data through 2003 - shows that it's never different this time. Armed with earlier editions of this book, investors would have avoided the devastation visited on the high risk stocks that were the favorites of investors during the bubble. What Works on Wall Street, Third Edition , takes the guesswork out of your investment decision-making. This in-depth, updated and data-driven book looks at key strategies and benchmarks that millions of investors rely on to make their investment decisions, and tells you which of these tools have provided investors with the best long-term results.Acclaimed author and portfolio manager James P. O'Shaughnessy presents factual, unbiased and unexpected findings that prove you can do vastly better than the market simply by consistently using stock selection strategies that have withstood the test of time. Moreover, these five decades of results warn investors to steer clear of some popular investment strategies that are toxic to your wealth. Expanded to include how various investment strategies perform when used on All Stocks, Large Stocks, Market Leaders and Small Stocks, this new edition of the book also covers all the new research O'Shaughnessy has conducted since the last edition.Which investment strategies are winners - and which are losers? What factors most reliably indicate that a stock will rise or fall? Are value strategies better than growth? Do small capitalization stocks do better than large? What's the worst-case scenario for the various investment strategies and how long did it take for them to recover? Do these strategies work outside the United States? What Works on Wall Street answers these questions and outlines a methodical, scientific, and results-based method for making intelligent stock market decisions. 'To make the best investment plans for the future, investors need access to unbiased, long-term performance results,' O'Shaughnessy writes. And that is exactly what he gives you in this history-making book. James P. O'Shaughnessy is the Director of Systematic Equity for Bear Stearns Asset Management and a Senior Managing Director of the firm. O'Shaughnessy's investment strategies have been featured in The Wall Street Journal , Barron's , The New York Times , The Washington Post , Investor's Business Daily , The Financial Times , London's Daily Mail , Japan's Nikkei Shimbun Daily , and many other publications worldwide, as well as on NBC's Today Show, The Oprah Winfrey Show, CNBC and CNN.