Review What Works on Wall Street: The Classic Guide to the Best-Performing Investment Strategies of All Time
by JAMES P. O’SHAUGHNESSY
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
- Stock Investment Strategies: Different Methods, Similar Goals
- The Unreliable Experts: Getting in the Way of Outstanding Performance
- The Persistence of Irrationality: How Common Mistakes Create Tremendous Opportunity
- Rules of the Game
- Ranking Stocks by Market Capitalization: Size Matters
- Price-to-Earnings Ratios: Separating the Winners from the Losers
- EBITDA to Enterprise Value
- Price- to-Cash Flow Ratios: Using Cash to Determine Value
- Price-to-Sales Ratios
- Price-to-Book value Ratios: A Long-Term Winner with Long Periods of Underperformance
- Dividend Yields: Buying an Income
- Buyback Yield
- Shareholder Yield
- Accounting Ratios
- Combining Value Factors into a Single Composite Factor
- The Value of Value Factors
- One-Year Earnings per Share Percentage Changes: Do High Earnings Gains Mean High Performance?
- Profit Margins: Do Investors Profit from Corporate Profits?
- Return on Equity
- Relative Price Strength: Winners Continue to Win
- Using Multifactor Models to Improve Performance
- Dissecting the Market Leaders Universe: The Ratios That add the Most Value
- Dissecting Small Stocks Universe: The Ratios That Add the Most Value
- Sector Analysis
- Searching for the Ideal Value Stock Investment strategy
- Uniting the Best from Growth and Value
- Ranking the Strategies
- Getting the Most Out of Your Equity Investments