@article {Bannister21, author = {Barry B. Bannister and Jesse B. Cantor}, title = {Revisiting {\textquotedblleft}In Search of Excellence: A Portfolio Management Perspective{\textquotedblright} }, volume = {22}, number = {3}, pages = {21--27}, year = {2013}, doi = {10.3905/joi.2013.22.3.021}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Using the six financial indicators of {\textquotedblleft}excellent{\textquotedblright} management described by Thomas Peters \& Robert Waterman, Jr. in their 1982 management bestseller {\textquoteright}In Search of Excellence: Lessons from America{\textquoteright}s Best-Run Corporations{\textquoteright} the authors screened the reconstructed S\&P 500 as it existed at year-end 1971 to 2013, forming two portfolios of stocks June 30 of the following year. One portfolio consisted of stocks in the top one-third of the S\&P 500 in all six criteria for the trailing five fiscal years (termed the {\textquotedblleft}Excellent{\textquotedblright} portfolio) and the other the bottom one-third of all six categories (the {\textquotedblleft}Un-Excellent{\textquotedblright} portfolio). They found that $1,000 invested at the end of every June beginning 1972 (a total outlay of $41,000) would have appreciated to $1,615,054 as of June 2013 rolled forward in the Un-Excellent portfolios, compared with $502,124 in the Excellent portfolios and $637,048 invested in the S\&P 500.TOPICS: Fundamental equity analysis, equity portfolio management}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/22/3/21}, eprint = {https://joi.pm-research.com/content/22/3/21.full.pdf}, journal = {The Journal of Investing} }