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What Works on Wall Street

A Guide to the Best-Performing Investment Strategies of All Time
Narrated by: Michael Kramer
Length: 4 hrs and 57 mins
4 out of 5 stars (20 ratings)

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Summary

The consistently best-selling What Works on Wall Street explores the investment strategies that have provided the best returns over the past 50 years - and which are the top performers today. The third edition of this BusinessWeek and New York Times best seller contains more than 50 percent new material and is designed to help you reshape your investment strategies for both the postbubble market and the dramatically changed political landscape.

This updated classic allows you to directly compare popular stock-picking strategies and their results - creating a more comprehensive understanding of the intricate and often confusing investment process. Providing fresh insights into time-tested strategies, it examines:

  • Value versus growth strategies
  • P/E ratios versus price-to-sales
  • Small-cap investing, seasonality, and more

©2005 James O'Shaughnessy (P)2017 McGraw-Hill Digital

Critic reviews

"A major contribution...on the behavior of common stocks in the United States." ( Financial Analysts' Journal)

What members say

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  • LC
  • 15-10-18

Very interesting

Well explained analysis of a variety of investment strategies, with conclusions about what works and what doesn't. Needs some further study afterwards to review the actual figures, which can be found on the associated website.

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  • Jeremy J. Reed
  • 26-02-18

Finally, robust empirical evidence on an idea

As an investor, I've tried to remain open minded about different philosophies and methodologies, but it's hard to give an idea any time when it doesn't come with a firm foundation of research and testing.

While the strategies in this book are fairly simple and may not be as high-flying as some momentum traders might want, the concepts do provide a reasonable foundation for a low-effort method of systematically buying stocks which can "beat the market" on either the upside or downside, and sometimes both.

Good read, would recommend it among your investment collection.

3 of 3 people found this review helpful

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  • Allen
  • 18-05-19

New Recording ... Old Information

This Audible release appears to be the mid-2000's text -- released with a 2017 Audible publishing date.

If you're looking for current investing results which includes information from the late-2000's Great Recession, you'll not find that information "here".

2 of 2 people found this review helpful

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  • Woo Roh
  • 05-04-19

A great educational book for long term investors

But I think this book should be read in the physical book format. He throws a bunch of statistic number throughout the book and I'm a visual learner so I had a hard time processing it in my brain. Interesting viewpoint of investment strategy.

1 of 1 people found this review helpful

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  • Guibro
  • 01-04-19

Great narrator, bad book to be narrated

The printed book might as well be a bunch of graphs, so I suppose the lack of "a story to be told" makes for a bad audiobook. Anyway, the book's interesting parts would fit in a blog post 1/100th its size.

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  • Michael
  • 28-10-18

Great guide, but more useful on paper.

This audiobook is good for a 3-5-day moderate listening commitment, and as a quick overview into investing principals. But it should come with a PDF to enable a more useful study of the data. At least we have Michael Kramer to make listening to charts more enjoyable.

The bulk of the content is in the reading and comparison of growth rates of various strategies. While interesting and important to learn of the interpretation, the data itself would be better seen and not heard.

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  • Alessandro Orlandi
  • 20-05-18

Interesing perspective

Difficult to understand tge content being so ricj of number. It would really need a pdf companion with table that instead is not provided with the audiobook like has been dobe for other audiobooks. Thats a real pity. You risk to not understand the essence of the book.

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  • Grizzy
  • 18-12-17

Only book you need to read to learn how to invest.

Extremely valuable insight to analysing stocks and strategies. if one only read this book on stock investing, they would have all the knowledge necessary to make a fortune on Wall Street.

1 of 2 people found this review helpful