Overview
How well does it pay to own the Standard & Poorās 500 Indexās best-performing stock of the year? Over the 2012-2021 period, the one-year total return ranged from 80% to 743%. This book identifies the quantitative and qualitative traits of stocks that made it to #1 and tells the stories of how they got there. A key indicator, the Fridson-Lee Statistic, makes its debut in these pages.
Aiming for the massive upside of the #1 stocks entails substantial risk. Itās not something to do with more than a small percentage of your portfolio. But attempting to pick the coming yearās top performer can provide an outlet for speculative impulses that might otherwise spoil a prudent, long-term investment plan. And by investigating the statistically determined best candidates for #1, youāll gain important insights into stock selection.
The Little Book of Picking Top Stocks explains why conventional equity research provides only limited help in zeroing in on the indexās future top performer. Spotting the #1 stock isnāt Wall Street analystsā focus, although the information they furnish about companiesā competitive strategies is quite helpful. Problematically, investment banksā fundamental stock reports are structured around a valuation metric that was discredited nearly half a century agoāearnings per share.
Author Martin Fridsonās previous writings on the stock market include the books It Was a Very Good Year and Investment Illusions, as well as articles such as āBen Grahamās Value Approach: Can It Still Work?ā He has received the CFA Society of New Yorkās Ben Graham Award and has been named the Financial Management Association Internationalās Financial Executive of the Year. The Green Magazine called his Financial Statement Analysis (co-authored with Fernando Alvarez) āone of the most useful investment books ever.ā
This book title, The Little Book of Picking Top Stocks (How to Spot Hidden Gems), ISBN: 9781394176618, by Martin S. Fridson, published by Wiley (May 2, 2023) is available in hardcover. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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