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

::  Quantitative Strategies for Outperforming the Market   ::

2. High Growth vs. Cyclical Stocks - Important Differences in the Factors Affecting Price Performance
3. Earnings Estimate Revisions and Earnings Surprises in Relation to Stock Prices
4. Earnings Expectations and Security Prices
5. Consensus estimate revisions and stock prices in declining markets
6. Twenty Three Quarter Backtest for Twelve Indicators of Investment Attractiveness
7. Seventy Five Quarter Backtest for Three Indicators of Investment Attractiveness
8. Investment Characteristics of Stocks Ranked #1 (best) and #5 (worst) on the Value Line Timeliness Rating
9. Illustration of the Importance of Value-weighted Stock Selection Criteria to Portfolio Performance
10. Evidence on the Mispricing of Common Stocks -- The DJIA Reexamined
11. Cycligraphs of Company Earnings and Stock Prices Illustrating Earnings Dominate Influence Over Prices
12. Price Performance Given Perfect Knowledge of Six-month Earnings Estimates Revisions
13. Implications of the yield to maturity calculation
14. Selected Exhibits

The Capital Asset Pricing Model Revisited   ::
 

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.