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What Works on Wall Street
Post Date: October 28, 2019
704 pages, Hardcover £25.99, Kindle £23.74
What Works on Wall Street was first published in 1997 but has been revised several times - this review is of the 4th edition.
It attempts to demonstrate that there are some characteristics of listed companies that are good predictors of subsequent investment returns. In addition that those factors have long-term persistence as good predictors - and the data analysed goes back as far as 1927.
In effect, the author shows that the theories that stock prices move ...
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