Book description
A hard-nosed, objective evaluation of today's most widely-touted investment strategies.
Examines 14 common investment strategies and presents exactly what works--and what doesn't.
Beyond anecdotes: run the numbers with one of the world's leading investment researchers and top-ranked business school professors
Guidance on understanding the real opportunities and not-so-obvious risks associated with each strategy--and instruction on how to mitigate the risks.
Table of contents
- Copyright
- Praise for Investment Fables
- FT Prentice Hall Financial Times
- Financial Times Prentice Hall Books
- Investment Fables: Tall Tales about Stocks
- 1. Introduction
- 2. High Dividend Stocks: Bonds with Price Appreciation?
- 3. This Stock Is So Cheap! the Low Price-Earnings Story
- 4. Less Than Book Value? What A Bargain!
-
5. Stable Earnings, Better Investment?
- Core of the Story
- Measurement of Earnings Stability
- Theoretical Roots: Earnings Stability and Value
- Looking at the Evidence
- Crunching the Numbers
- More to the Story
- Lessons for Investors
- Conclusion
- Appendix: Stable Earnings, Growth Potential and Low Risk
- Endnotes
- 6. In Search of Excellence: Are Good Companies Good Investments?
- 7. Grow, Baby, Grow!: The Growth Story
- 8. The Worst is Behind You: The Contrarian Story
- 9. The Next Big Thing: New Businesses and Young Companies
- 10. Mergers and Returns: The Acquisitive Company
- 11. A Sure Thing: No Risk and Sure Profits
-
12. It's All Upside: The Momentum Story
- Core of the Story
- Theoretical Roots of Momentum Investing
- Looking for the Evidence
- Crunching the Numbers
- More to the Story
- Lessons for Investors
- Conclusion
- Appendix 1: Stocks with Price and Volume Momentum, Low risk and Low PE
- Appendix 2: Stocks with Positive Earnings Surprises and Consensus on Expected Earnings
- Endnotes
- 13. Follow the Experts
- 14. In the Long Term … Myths about Markets
-
15. Ten Lessons for Investors
- Lesson 1: The more things change, the more they stay the same
- Lesson 2: If you want guarantees, don't invest in stocks
- Lesson 3: No pain, no gain
- Lesson 4: Remember the fundamentals
- Lesson 5: Most stocks that look cheap are cheap for a reason
- Lesson 6: Everything has a price
- Lesson 7: Numbers can be deceptive
- Lesson 8: Respect the market
- Lesson 9: Know yourself
- Lesson 10: Luck overwhelms skill (at least in the short term)
- Conclusion
Product information
- Title: Investment Fables: Exposing the Myths of "Can't Miss" Investment Strategies
- Author(s):
- Release date: March 2004
- Publisher(s): Pearson
- ISBN: 0131403125
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