Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Joseph Piotroski-inspired strategy, which has averaged annual returns of 6.0% since its February 2004 inception vs. 1.8% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring [...]
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Tag Archives: Joseph Piotroski
The Piotroski Method: An Overlooked Guru Turns Up Overlooked Gems
May 27, 2011
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Joseph Piotroski-inspired strategy, which has averaged 8.2% annualized returns since its inception more than seven years ago, over a period in which the S&P 500 has returned 2.0% per year. [...]
Read morePiotroski Looks at the Value/Glamour Effect
March 3, 2011
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Joseph Piotroski, the little-known guru who authored an influential paper on how accounting-based financial analysis can lead to big stock market returns, has written a new paper looking at why value and “glamour” stocks tend to perform differently. (A tip of the cap to The Stingy Investor for highlighting this.) The paper, entitled “Identifying Expectation [...]
Read more2010 Guru Report: Piotroski Approach Leads Way With 55% Gain
January 19, 2011
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While 2010 was a good year for the broader stock market, it was an even better year for John Reese’s Validea.com Guru Strategies. For the full year, Reese’s guru-inspired 10-stock portfolios returned an average of 19.2%, easily outpacing the S&P 500′s 12.8% return. The best performer was the approach inspired by little-known professor Joseph Piotroski, [...]
Read moreThe Piotroski Strategy: How an Accountant Beats the Market
September 17, 2010
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Joseph Piotroski-inspired strategy, which has beaten the market by more than 5 percentage points per year since its inception more than six-and-a-half years ago. Below is an excerpt from today’s [...]
Read moreLittle-Known Guru Generates Big Profits
August 20, 2010
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In his latest article for Canada’s Globe and Mail, Validea CEO John Reese takes a look at the Guru Strategy he bases on the writings of Joseph Piotroski, a little-known accounting professor who authored an influential stock-picking paper. “Mr. Piotroski’s approach started with a variable many investors had used before: the book-to-market ratio (the inverse [...]
Read moreGuru Strategy 7-Year Report Card: Ben Graham Still on Top
July 16, 2010
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More than three decades after his death, Ben Graham is still beating the market. At least, Graham’s strategy is still handily beating the market, according to Validea.com’s guru-inspired portfolios, the original 10 of which recently hit the 7-year mark in terms of performance tracking. And the results show that Graham, known as “The Father of [...]
Read moreReese on Wall Street’s Most Unheralded Guru
May 24, 2010
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In the latest issue of Forbes Magazine, Validea CEO John Reese takes a look at one of investing history’s most unassuming stock market gurus, Joseph Piotroski. Piotroski, Reese writes, isn’t a slick, smooth-talking hotshot like Gordon Gekko (Michael Douglas’s Wall Street character). Instead, he’s a college accounting professor. But, Reese adds, Piotroski has had more [...]
Read moreThe Best Investment Guru You’ve Never Heard Of
February 5, 2010
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Joseph Piotroski-inspired strategy, which has beaten the market by more than 3 percentage points per year since its inception almost six years ago. Below is an excerpt from today’s newsletter, [...]
Read moreThe Contrarians’ Revenge?
May 11, 2009
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MarketWatch recently had an interesting piece on contrarian investment strategies, highlighting the fact that many of the contrarian managers who were hit hard last year are now netting some strong bounce-back gains. “As the market has bounced back in recent weeks, [several] contrarian-style funds, with their bargain-minded ways, have been outperforming,” writes MarketWatch’s Sam Mamudi, [...]
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