This web page is designed to support "Investment Fables ", printed in 2004. The publisher is John Wiley and Sons. You can navigate the site by going to individual chapters and getting supporting material by chapter, You can read the preface to the book by clicking here.
Chapter 1 | Chapter 2 | Chapter 3 | Chapter 4 | Chapter 5 | Chapter 6 |
Chapter 7 | Chapter 8 | Chapter 9 | Chapter 10 | Chapter 11 | Chapter 12 |
Chapter 13 | Chapter 14 | Chapter 15 |
Topic | Details |
Synopsis
|
Topic | Details |
The Core of the Story | |
Theory | |
Empirical Evidence | |
Crunching the numbers | Dividend Yields by Industry |
Readings |
Topic | Details |
The Core of the Story | Why low PE stocks are good investments |
Theory | Determinants of PE ratios |
Empirical Evidence | PE Ratios and Returns over time |
Crunching the numbers | PE Ratios by Industry PE Ratios for market over time Stocks with lowest PE ratios Stocks that pass the PE screens |
Readings |
Topic | Details |
The Core of the Story | Why low PBV stocks are cheap |
Theory | Determinants of PBV Ratios |
Empirical Evidence | PBV Ratios and Returns over time |
Crunching the numbers | PBV
Ratios by Industry Stocks with lowest PBV ratios Stocks that pass the PBV screens |
Readings | Price to Book Value Bargains |
Topic | Details |
The Core of the Story | Stable Earnings make for better investments |
Theory | Diversifiable and Non-diversifiable Risk |
Empirical Evidence | |
Crunching the numbers | Stocks with most predictable earnings Stocks that pass the stable earnings screens |
Readings |
Topic | Details |
The Core of the Story | Well managed companies are good investments |
Theory | Economic Value Added |
Empirical Evidence | |
Crunching the numbers | Excess Returns and EVA by Industry |
Readings |
Topic | Details |
The Core of the Story | Growth stocks are good investments |
Theory | |
Empirical Evidence | |
Crunching the numbers | Historical
Growth Rates by Industry Stocks with highest expected earnings growth Stocks that pass the Growth screens |
Readings |
Topic | Details |
The Core of the Story | The Contrarian Story |
Theory | |
Empirical Evidence | |
Crunching the numbers | Stocks that have gone down the most |
Readings | 1. Market Markdowns offer opportunities |
Topic | Details |
The Core of the Story | Young companies are good investments |
Theory/Background | Initial Public Offerings |
Empirical Evidence | IPO returns over time |
Crunching the numbers | Stocks that pass the small cap screens |
Readings |
Topic | Details |
The Core of the Story | |
Theory/Background | |
Empirical Evidence | |
Crunching the numbers | Potential target companies |
Readings |
Topic | Details |
The Core of the Story | Arbitrage and sure profits |
Theory/ Background | Futures Arbitrage Options Arbitrage |
Empirical Evidence | |
Crunching the numbers | |
Readings |
Topic | Details |
The Core of the Story | Momentum and payoff |
Theory/ Background | Patterns in stock prices Charting and Technical Analysis |
Empirical Evidence | |
Crunching the numbers | Stocks with most momentum Stocks that pass the momentum screens |
Readings |
Topic | Details |
The Core of the Story | Experts know more/better |
Theory/ Background | Equity Research Analysts Market Strategists Investment newsletters |
Empirical Evidence | On-paper versus Real Returns: The Value Line lesson |
Crunching the numbers | |
Readings |
Topic | Details |
The Myths | Stocks always win in the long term Market timing trumps stock selection Market timing works |
Theory/ Background | |
Empirical Evidence | Stock Market Returns over time |
Crunching the numbers | Market timing indicators |
Readings |
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Topic | Details |
The Ten Lessons | Read the chapter |