- Hardcover: 325 pages
- Publisher: McGraw-Hill Publishing Co.; 2nd Revised edition edition (1 Jun 1998)
- Language English
- ISBN-10: 0070482462
- ISBN-13: 978-0070482463
- Product Dimensions: 23.4 x 21.6 x 3.8 cm
- Average Customer Review: 3.5 out of 5 stars See all reviews (15 customer reviews)
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Amazon Bestsellers Rank:
102,613 in Books (See Top 100 in Books)
- #99 in Books > Business, Finance & Law > Personal Finance > Investing
What Works on Wall Street, Fourth Edition
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More About the Author
Product Description
Review
"...analysts praised his stock-picking strategy, explained in his well-received book. In it, he digs into more than 40 years of data to find out what strategies would have picked the winning stocks." The Wall Street Journal 19970915
Product Description
"The best investment book of 1996. Very likely, it will be the most influential book on investing in this decade." - "Stock Traders Almanac". "...O'Shaughnessy's conclusion that some strategies do produce consistently strong results, while others underperform could shake up the investment business." Barron's "The New York Times" and "Business Week" bestseller, "What Works on Wall Street" is now updated throughout to include the new data and 50 new sample portfolios. Hailed as "a great book" by Forbes, "What Works on Wall Street" is a must read for any investor looking to make savvy, historically informed decisions.
Inside This Book
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First Sentence
There are two main approaches to equity investing: active and passive. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
There are two main approaches to equity investing: active and passive. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
Format:Hardcover
We have a franchise here. Every year we can get a new, revised, set of data-mining, subtly tweaking the deciles and the Sharpe ratios to tilt the recommended strategy toward what worked most recently. Buy one book, but don't keep buying the new calculations: the discussion of Wall Street irrationality is wonderful; but before you trust this book whole-heartedly, read Buffet on why Sharpe ratios (and risk/return considerations) are a dangerous way to approach investing. Read anyone at all on the problem with data-mining. Giving us all the data doesn't change the problem: until these strategies are applied in other markets (Singapore, London, Germany from 1900-1950, say) we won't have an adequate test of how well they work outside of America's particular imperial fortunes. Would a devotion to a long-term all-invested strategy have been sensible in, say, 1930s China? In other words, don't swallow the statistics without some sense of why they happen -- and this book does its best to avoid any consideration of that.
2 of 2 people found the following review helpful
Format:Hardcover
You can't argue with facts, with logical conclusions based on those facts, with reasoned analysis, or with history. You get them all in Jim O'Shaughnessy's book. He did the digging and the dirty work, and the reader reaps the benefit. Unless you live to day trade...these are the words to live by.
1 of 1 people found the following review helpful
Format:Hardcover
This book does a good job rehashing a lot of what empirical academic finance has found in the last 15 years. Unfortunately, only the most passing attempts at attribution are performing, making the uninformed reader falsely believe that the author discovered any of the the things he reports. A shame to mar a good book.
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Most Recent Customer Reviews
Good book
This book is a good book, it gives you several methods to beat the SP500. The only thing is that because it is all statistics it can be a little bit boring. Read more
Published 14 months ago by Fai
What really works
I like books that demonstrate what really works using empirical evidence, rather than what should work based on an author's latest theory. So I like this book. Read more
Published on 18 July 2009 by LOTONtech
Interesting Work But The Uncommon Investor Was Better
I read this book extremely carefully. It is a straight forward, intelligent piece of work filled with numbers. Read more
Published on 30 July 1999
A total waste of money
The idea behind the book is simple: test many different methods over the course of ~43 years. Why do some work? He doesn't explain. Read more
Published on 12 May 1999
Very good and comprehensive analysis of most common strategi
The book contains very comprehensive analyses of the most common investment strategies. The mathematics are easy to comprehend and the conclusions are logic.
Published on 26 Jan 1999
Excellent but...
I very much enjoyed the book (and think that it is about the best book on the market), but I did have a couple of problems with it. Read more
Published on 3 Oct 1998
Excellent but...
I very much enjoyed the book (and think that it is about the best book on the market), but I did have a couple of problems with it. Read more
Published on 3 Oct 1998
Best Book Ever Written
After reading the first edition of What Works, I landed a summer job at Mr. O's firm because I thought the work was incredible. Read more
Published on 16 July 1998
too charty
This book was fully annotated and thoroughly researched. However Mr. O'Shaunessy could have much more concisely said, "buy low and sell high. Read more
Published on 7 July 1998
Excellent!! The way to Find a Winning Stock!
Mr. O'Shaughnessy's research, which spans over 42 years, compares various characteristics of a stock such as; P/E ratios, relative strength, earnings growth, price to book ratios,... Read more
Published on 2 July 1998
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