Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years

James P. O'Shaughnessy

mar 2006 · Distribuido por Penguin

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A unique and timely new wealth-building strategy from a legendary investment guru 

In his national bestsellers How to Retire Rich and What Works on Wall Street, portfolio manager extraordinaire James P. O’Shaughnessy offered investors practical advice based on rigorous quantitative analysis—advice that has consistently beaten the market.

But in a recent analysis of market data, O’Shaughnessy uncovered some astonishing trends not discussed in his previous books. The Markets of Tomorrow explains O’Shaughnessy’s new research and tells ordinary investors what they must do now to revamp their portfolios.

According to O’Shaughnessy, the year 2000 marked the end of a twenty-year cycle that was dominated by the stocks of larger, fastergrowing companies like those in the S&P 500. In the new cycle, the stocks of small and midsize companies are the ones that will outperform the market, along with large company value stocks and intermediate term bonds. O’Shaughnessy describes the number crunching behind his analysis and then shows individual investors exactly how to select the right mix of investments and pick top-performing small and midcap stocks.

The Markets of Tomorrow is a loud and clear call to action for every investor who doesn’t want to be left behind.

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James P. O'Shaughnessy is senior managing director at Bear Stearns and the director of systematic equity for Bear Stearns Asset Management. He manages five mutual funds and separately managed portfolios for individuals and institutions. The author of How to Retire Rich and What Works on Wall Street, he has been profiled and interviewed widely in the media.