Title

An Analysis of the Recommendations of the Superstar Money Managers at Barron's Annual Roundtable

Publication Date

7-14-1998

Abstract

We examine the performance of common stock recommendations made by prominent money managers at Barron's Annual Roundtable from 1968 to 1991. To avoid survivorship bias, we examine the performance of recommendations by all the participants. The buy recommendations earn significant abnormal returns of 1.91% from the recommendation day to the publication day, a period of about 14 days. However, the abnormal returns are essentially zero for one to three year post-publication day holding periods. Thus, an individual investing according to the Roundtable recommendations published in Barron's would not benefit from the advice.

Document Type

Article

Disciplines

Accounting

Source

SMU Cox: Accounting (Topic)

Language

English

Share

COinS