What Works on Wall Street by James O'Shaughnessy
What Works on Wall Street by James O'Shaughnessy
O'Shaughnessy reviews the performance of value-based versus growth investing over the lifetime of the Compustat database. The book details various strategies, culminating in chapter 23's ranking of them all. In the end, mixed value and growth approaches work better than either.
An ounce of emotion is equal to a ton of facts.