Outperforming the market: everyone's guide to high-profit, low-risk investing
McGraw-Hill, Jul 1, 1998 - 280 pages
Building on the tradition of the groundbreaking books What Works on Wall Street and Stocks for the Long Run, John Merrill examines financial market performance since 1926 and identifies the investment portfolios that have recorded the best performance through history. Merrill looks at the track records of 13 asset classes and shows how to combine the asset classes to produce high-profit, low risk portfolios for every type of investor. Most importantly, the book demonstrates that portfolios built with fixed proportions of certain asset classes have outperformed the S&P 500 for decades. . .and with far less risk. Outperforming the Market reveals the absolute best portfolio design for each level of risk and for each targeted rate of return, then follows the individual performance of these superior portfolios from the crash of 1929 to the crash of 1987 and on through to the end of 1996. Merrill's book represents an important step forward in the literature of investing. Whereas Jeremy Siegel identified stocks as the best long-term investment and James O'Shaughnessy pinpointed the best long-term stock selection methods, Merrill's work focuses on the very best long-term portfolios to own. As such, Merrill's book provides investors with an authoritative, historically-proven blueprint for building wealth.