What Works on Wall Street

What Works on Wall Street

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

by JAMES P. O’SHAUGHNESSY

Description

The world witnessed atrocious financial declines, and the history of the financial system was composed of fluctuations and market crises. Regular occurrence of such led to a shift in the system as it introduced a new financial culture wherein little to no return is a common affair, buy-and-hold is rarely put into application, and investor’s sentiment falters from the disappointments of the new financial landscape. As these continue to persist, one may either stop pursuing the stock market or continue investing armed with the hope that the future will bear advantageous results.  

Complete with recent data and latest findings, What Works on Wall Street presents market conditions and overall structure without any overcoat, intelligently presented with respect to the innate trade of the stock landscape. More so, effectiveness is ensured to deliver the most favorable investing strategies, putting a line between those that work and those that fail to rake in profitability. The utilization of figures and statistics enable the clear presentation of a nine-decade performance and activity of the financial market. 

About the Author

James P. O’Shaughnessy works as the chairperson and chief executive officer of O’Shaughnessy Asset Management. Formerly, he worked as a portfolio manager, systematic equity manager, and senior manager of Bear Stearns. 

Table of Contents

Introduction

  1. Stock Investment Strategies: Different Methods, Similar Goals
  2. The Unreliable Experts: Getting in the Way of Outstanding Performance
  3. The Persistence of Irrationality: How Common Mistakes Create Tremendous Opportunity
  4. Rules of the Game
  5. Ranking Stocks by Market Capitalization: Size Matters 
  6. Price-to-Earnings Ratios: Separating the Winners from the Losers 
  7. EBITDA to Enterprise Value 
  8. Price- to-Cash Flow Ratios: Using Cash to Determine Value 
  9. Price-to-Sales Ratios
  10. Price-to-Book value Ratios: A Long-Term Winner with Long Periods of Underperformance
  11. Dividend Yields: Buying an Income
  12. Buyback Yield
  13. Shareholder Yield 
  14. Accounting Ratios 
  15. Combining Value Factors into a Single Composite Factor
  16. The Value of Value Factors
  17. One-Year Earnings per Share Percentage Changes: Do High Earnings Gains Mean High Performance?
  18. Profit Margins: Do Investors Profit from Corporate Profits?
  19. Return on Equity
  20. Relative Price Strength: Winners Continue to Win
  21. Using Multifactor Models to Improve Performance
  22. Dissecting the Market Leaders Universe: The Ratios That add the Most Value
  23. Dissecting Small Stocks Universe: The Ratios That Add the Most Value
  24. Sector Analysis
  25. Searching for the Ideal Value Stock Investment strategy
  26. Uniting the Best from Growth and Value
  27. Ranking the Strategies 
  28. Getting the Most Out of Your Equity Investments

Bibliography

Index