Too Many Cooks Spioil the Profits: Investment Club Performance

Financial Analysts Journal

Volumn 56, Issue 1, 2000, Pages 17-25

  Barber, Brad M ^a   Odean, Terrance ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0012219224     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v56.n1.2326     Document Type: Article

References (14)

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2. _. Forthcoming 2000. "Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors." Journal of Finance (April).
3. Carhart, Mark M. 1997. "On Persistence in Mutual Fund Performance." Journal of Finance, vol. 52, no. 1 (March):57-82.
4. Fama, Eugene F., and Kenneth R. French. 1992. "The Cross-Section of Expected Stock Returns." Journal of Finance, vol. 47, no. 2 (June):427-466.
5. _. 1993. "Common Risk Factors in Returns on Stocks and Bonds." Journal of Financial Economics, vol. 33, no. 1 (April):3-56.
6. _. 1998. "Value versus Growth: The International Evidence." Journal of Finance, vol. 53, no. 6 (December):1975-99.
7. Grinblatt, Mark, and Sheridan Titman. 1993. "Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns." Journal of Business, vol. 66, no. 1 (January):47-68.
8. Harrington, Brooke, 1999. "Popular Finance and the Sociology of Investing." Working paper. Harvard University.
9. Ibbotson Associates. 1998. Stocks, Bonds, Bills, and Inflation, 1997 Yearbook. Chicago, IL: Ibbotson Associates.
10. Jensen, Michael C. 1969. "Risk, the Pricing of Capital Assets, and Evaluation of Investment Portfolios." Journal of Business, vol. 42, no. 2 (April):167-247.
11. Lakonishok, Josef, Andrei Shleifer, and Robert Vishny. 1992. "The Structure and Performance of the Money Management Industry." In Brookings Papers on Economic Activity: Microeconomics. Edited by Martin Neil Baily and Clifford Winston. Washington, DC: Brookings Institution.
12. _. 1994. "Contrarian Investment, Extrapolation, and Risk." Journal of Finance, vol. 49, no. 5 (December):1541-78.
13. Lyon, John D., Brad M. Barber, and Chin-Ling Tsai. 1999. "Improved Methods for Tests of Long-Run Abnormal Stock Returns." Journal of Finance, vol. 54, no. 1 (February):165-201.
14. Odean, Terrance. 1999. "Do Investors Trade Too Much?" American Economic Review, vol. 89, no. 5 (December): 1279-98.