Wilbur G. Lewehlen
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NBER Working Papers and Publications
|August 1980||Further Evidence on the Value of Professional Investment Research|
with Kenneth L. Stanley, Gary G. Schlarbau: w0536
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.
Published: 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.