Sifting Out the Gems
When you want to grab onto the tails of a consistently fine investor, you can't do much better than the estimable James P. O'Shaughnessy. His growth portfolio, in particular, is a standout: Since I started following it in 2004, it has gained 54.4% vs. a S&P 500 gain of 6.4%. Year to date, the portfolio has moved ahead 16.7%, while the S&P has fallen 3%.
Who is O'Shaughnessy? He was one of Wall Street's original quants -- strategists who rely heavily on quantitative analysis. He made his name in the mid-1990s with the publication of What Works on Wall Street, a statistical analysis of S&P data to which he was given access. (The book was updated in 2005.)...430 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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