` `
 

 

` `
`
 

 

:::::::::: INVESTMENTS ::::::::::
    `  
 

 

Science versus Reality on the New York Stock Exchange

  1. Overview;  Profile of John Maynard Keynes;  Keynes Timeless Essay on the Stock Market

 

Quantitative Strategies for Outperforming the Market – Reality or Hoax 

  1. High Growth vs. Cyclical Stocks - Important Differences in the Factors Affecting Price Performance

  2. Earnings Estimate Revisions and Earnings Surprises in Relation to Stock Prices

  3. Earnings Expectations and Security Prices

  4. Consensus estimate revisions and stock prices in declining markets

  5. Twenty Three Quarter Backtest for Twelve Indicators of Investment Attractiveness

  6. Seventy Five Quarter Backtest for Three Indicators of Investment Attractiveness

  7. Investment Characteristics of Stocks Ranked #1 (best) and #5 (worst) on the Value Line Timeliness Rating

  8. Illustration of the Importance of Value-weighted Stock Selection Criteria to Portfolio Performance

  9. Evidence on the Mispricing of Common Stocks -- The DJIA Reexamined

  10. Cycligraphs of Company Earnings and Stock Prices Illustrating Earnings Dominate Influence Over Prices

  11. Price Performance Given Perfect Knowledge of Six-month Earnings Estimates Revisions

  12. Review of Some Statistical Properties of Stock Returns

  13. The Conceptual Foundation of Rank Order Selection Models

  14. implications of the yield to maturity calculation

  15. selected exhibits

  16. The "Problem" with Quantitative Stock Selection Strategies

The Capital Asset Pricing Model Revisited – Reality or Hoax

 Modern Portfolio Theory and the Capital Asset Pricing Model can tell us a lot about how stock prices and portfolio values behave but very little about why they behave that way. For answers to the “why” question we must look to John Keynes and Benjamin Graham.   

  1. Review of Historic Returns for Common Stocks and Corporate Bonds

  2. Two Points of View about Risk and Return in the Long Run – Modigliani vs. Keynes

  3. The Defined Future Earnings Stock Valuation Model and the Riddle of Perpetual Claims

  4. Quantum Mechanics and Modern Capital Market Theory

  5. Evidence that Articles in "The Journal of Finance" (i.e., Financial Rocket Science) are a Losing Proposition with Corporate America

  6. A Critique of Reaganomics by Paul Samuelson Transformed into an Indictment of DDM/IRR

  7. Wages on Wall Street vs. Wages for Professors of Finance - A Case Study in Market Efficiency
     

 
`
 

Web Design by www.icyiron.com