Counterintuitive InvestingCounterintuitive Investing is a unique book which combines cutting-edge academic investment research with street-smart ideas to improve investment performance. The book's central thesis is supported by results from a major academic research project that reveals the substantial upside potential from a counterintuitive investment program. (Counterintuitive refers to doing the opposite of what is considered "normal or typical"; it implies investors who march to a different drummer).The power of the book comes from its foundation, which is based on an academic research project conducted at Northeastern University by Harlan Platt. To that end, the author compiled an extensive and systematic data set of stock trades, which were thoroughly tested using rigorous statistical tools. The book shares these important results with the reader while keeping the presentation readable and more practical. |
Contents
Introduction | 3 |
The Results in General | 7 |
Previous Research | 17 |
Copyright | |
18 other sections not shown
Common terms and phrases
20 percent 20 worst-performing stocks 7-day holding periods abnormal returns Adjusted Returns Earned analysis annual AVERAGE ALL STOCKS average price average return avoid unequal weighting bear market beat the average behavior behavioral finance beta bid/ask spread bull markets chapter closing price counterintuitive investing daily low price DAY 30 DAY DAY 360 DAY days of data difference five holding period return individual stock January effect Kurtosis low-priced stocks market portfolio NASDAQ companies NASDAQ market negative returns NYSE stocks one-day percent beat percentage change percentage decline category positive investment returns positive returns price change price decline Price Level price reversal portfolio price reversal strategy price-reversal investing profits range rational investor report in table representativeness heuristic risk risky sample selling semivariance standard deviation stock market stocks close stocks falling stocks priced stocks that declined Stratified trading days unadjusted weighting across categories worst-performing list worst-performing stock list