Tortoriello provides its own twist via numerous two-factor models that prioritize the first factor before moving on to the second. Furthermore, the author discusses the logic behind his tests and ratios and provides excellent guidelines for investors. There are also ratios tested (eg. CAPEX/Net PPE) not seen elsewhere. … [Read more...]
Summary
- Applied Equity Analysis and Portfolio Management
- John Neff on Investing
- The Little Book that Still Beats the Market
- One Up on Wall Street
- The Richest Man in Babylon
- Quantitative Strategies for Achieving Alpha
- Contrarian Investment Strategies
- Value Investing: Tools & Techniques for Intelligent Investing
- What Works on Wall Street
Contrarian Investment Strategies
Dreman was a pinioneer as started publishing his research findings from the late 70s. While a heavier read than Tortoriello, he provides additional proof on the merit of value investing. Personal favourite is the analysis on earnings surprises and the stock reaction on high and low multiple equities. … [Read more...]
Value Investing: Tools and Techniques for Intelligent Investment
An investment classic. The book is a collection of articles by James Montier. It is broken into sections and discusses a range of topics. It starts with an attack on beta, CAPM and DCF before going into value investing. Montier provides evidence and makes a strong case for his beliefs. There is a lot to think about as he goes in depth on his answers. Thought provoking and a … [Read more...]
What Works On Wall Street
I’ve decided to begin this new ‘Review’ section with a review of the book that inspired me and was the trigger or turning point to begin forming my strategy. This book is non-other than “What Works on Wall Street” by James O’Shaughnessy. If you have any doubt that value investing doesn't work then I guarantee you that this book will change your mind. The beauty of the book … [Read more...]
