• What Works On Wall Street

    McGraw Hill

  • $28.95 $34.95

  • Description

    A Guide To The Best-Performing Investment Strategies of All Time. Book Explores the investment strategies that have provided the best returns over the past 50 years—and which are the top performers today.


    National Bestseller

    1. James P. O'Shaughnessy - His investment strategies have been featured in The Wall Street Journal, barrn's, the New York times, The Washington Post, Investor's Business daily, the Financial Times, London daily mail, Jappan's Nikkei Shimbun daily, and Many other publications world wide, as well as on NBC's "Today Show," ABC's "the oprah Winfrey Show," CNBC, and CNN.


    What Works On Wall Street

    Publisher: McGraw-Hill Companies, The
    Hardcover: 412 pages
    ISBN 10: 0-07-145225-7
    ISBN 13: 9-780071-452250 


    More About This Book

    • Overview
    • Meet the Author
    • Table of Contents 


    "A major contribution . . . on the behavior of common stocks in the United States."
    Financial Analysts' Journal

    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:

    • Value versus growth strategies
    • P/E ratios versus price-to-sales
    • Small-cap investing, seasonality, and more

    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, 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.


    Meet the Author

    James P. O’Shaughnessy is chairman and CEO of O’Shaughnessy Asset Management. He previously served as portfolio manager, director of systematic equity, and senior managing director for Bear Stearns. O’Shaughnessy is the author of the bestsellers What Works on Wall Street, How to Retire Rich, Invest Like the Best, and Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years.



    Table of Contents

    Ch. 1 Stock investment strategics : different methods, similar goals 1
    Ch. 2 The unreliable experts : getting in the way of outstanding performance 13
    Ch. 3 Rules of the game 31
    Ch. 4 Ranking stocks by market capitalization : size matters 49
    Ch. 5 Price-to-earnings ratios : separating the winners and losers 71
    Ch. 6 Price-to-books ratios : a better gauge of value 91
    Ch. 7 Price-to-cashflow ratios : using cash to determine value 109
    Ch. 8 Price-to-sales ratios : the king of the value factors 127
    Ch. 9 Dividend yields : buying an income 143
    Ch. 10 The value of value factors 155
    Ch. 11 Do high earnings gains mean high performance? 167
    Ch. 12 Five-year earnings-per-share percentage changes 185
    Ch. 13 Profit margins : do investors profit from corporate profits? 197
    Ch. 14 Return on equity 209
    Ch. 15 Relative price strength : winners continue to win 221
    Ch. 16 Using multifactor models to improve performance 243
    Ch. 17 Dissecting the market leaders universe : ratios that add the most value 259
    Ch. 18 Dissecting the small stocks universe : ratios that add the most value 269
    Ch. 19 Searching for the ideal value stock investment strategy 281
    Ch. 20 Searching for the ideal growth strategy 295
    Ch. 21 Uniting strategies for the best risk-adjusted performance 309
    Ch. 22 New research initiatives 319
    Ch. 23 Ranking the strategies 335
    Ch. 24 Getting the most out of your equity investments 377



  • What Works On Wall Street
  • What Works On Wall Street

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