Advanced search
Publication Cover
Financial Analysts Journal Volume 56, 2000 - Issue 1
Submit an article Journal homepage
109
Views
54
CrossRef citations to date
0
Altmetric
PERFORMANCE

Too Many Cooks Spoil the Profits: Investment Club Performance

Brad M. Barber Brad M. Barber is associate professor of management and finance at the University of California at Davis.
&
Terrance Odean Terrance Odean is assistant professor of finance at the University of California at Davis.
Pages 17-25 | Published online: 02 Jan 2019

References

  • Barber, Brad M., and Terrance Odean. 1999. “Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment.” Working paper. University of California, Davis.
  • Barber, Brad M., and Terrance Odean. Forthcoming 2000. “Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors.” Journal of Finance (April) .
  • Carhart, Mark M.. 1997. “On Persistence in Mutual Fund Performance.” Journal of Finance, vol. 52, no. 1 (March): 57–82.
  • 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.
  • Fama, Eugene F., and Kenneth R. French. 1993. “Common Risk Factors in Returns on Stocks and Bonds.” Journal of Financial Economics, vol. 33, no. 1 (April): 3–56.
  • Fama, Eugene F., and Kenneth R. French. 1998. “Value versus Growth: The International Evidence.” Journal of Finance, vol. 53, no. 6 (December): 1975–99.
  • 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.
  • Harrington, Brooke. 1999. “Popular Finance and the Sociology of Investing.” Working paper. Harvard University.
  • Ibbotson Associates. 1998. Stocks, Bonds, Bills, and Inflation 1997 Yearbook. Chicago, IL: Ibbotson Associates.
  • 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.
  • Lakonishok, Josef, Andrei Shleifer, and Robert Vishny. 1992. “The Structure and Performance of the Money Management Industry.” Brookings Papers on Economic Activity: Microeconomics Edited by Martin Neil Baily and Clifford Winston.Washington, DC: Brookings Institution.
  • Lakonishok, Josef, Andrei Shleifer, and Robert Vishny. 1994. “Contrarian Investment, Extrapolation, and Risk.” Journal of Finance, vol. 49, no. 5 (December): 1541–78.
  • Lyon, John D., Brad M. Barber, and Chih-Ling Tsai. 1999. “Improved Methods for Tests of Long-Run Abnormal Stock Returns.” Journal of Finance, vol. 54, no. 1 (February): 165–201.
  • Odean, Terrance. 1999. “Do Investors Trade Too Much?” American Economic Review, vol. 89, no. 5 (December): 1279–98.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.