Book Description
Trouncing the Dow unveils a phenomenally successful
method to select Dow Jones Industrial stocks. The method
produced an average annual return of 28% over 24 years, far
outpacing the market average of 9% and rivaling the returns
of superstar investors like George Soros and Warren Buffet.
An individual who invested $1000 in the method in 1973 would
have made $275,122 by year-end 1996. The same $1000 invested
in the Dow Jones Average would have made only $17,039.
Moreover, the Trouncing the Dow approach beat the market in
23 out of 24 years of testing. Trouncing the Dow advocates a
value investing approach in the tradition of Warren Buffet
and Benjamin Graham. Lee focuses on a little-used financial
ratio, called return-on-equity which shows how well a company
is using its capital. In classic value investing fashion,
Lee's approach has investors buying when the consensus is
selling and selling when the consensus is buying. In short,
Trouncing the Dow reveals a powerful and proven stock picking
method that will interest all active investors.