Further Evidence on the Value of Professional Investment Research

Kenneth L. Stanley, Wilbur G. Lewehlen and Gary G. Schlarbau

No 536, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper shall consider not only the potential for individual investors to exploit one of the major categories of professional investment advice to earn superior portfolio returns, but also will examine the actual return experiences of a representative sample of investors who were, in fact, observed to trade on such advice.

Date: 1980-08
Note: ME
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Published as Stanley, Kenneth L.; Lewellen, Wilbur G.; and Schlarbaum, Gary G. "Further Evidence on the Value of Professional Investment Research." The Journal of Financial Research, Vol. IV, No. 1, (Spring 1981), pp. 1-9.

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