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Strategies & Market Trends : What Works on Wall Street (O'Shaugnessy)

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To: sea_biscuit who wrote (72)	3/20/1998 2:43:00 AM
From: sea_biscuit	Read Replies (1) of 109

First, Boyd is right. The version of Cornerstone Growth presented in "How to Retire Rich" (where it is called the "Reasonable Runaways" strategy) does not have EPS growth numbers. (page 57) Second, even without the EPS numbers, the Reasonable Runaways strategy seems to have done quite well (18.8% annualized returns over the last 45 yrs (1951-96); 20.7% over the last 20 yrs; and 23.5% over the last 10 yrs). Compare this with 19.1% over the 1953-96 timeframe for the Cornerstone Growth strategy. Third, even though the prospectus and the book "What Works on Wall Street" have different numbers for EPS growth (1yr. vs. 5yrs.) I would be inclined to believe that the numbers in the prospectus are correct, because it would have undergone more rigorous scrutiny than the book. When the next edition of the book comes out in a month or two, we will know for sure. Or one can also send a mail to the fund company from osfunds.com asking this question. Dipy.

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