RT Journal Article SR Electronic T1 Revisiting “In Search of Excellence: A Portfolio Management Perspective” JF The Journal of Investing FD Institutional Investor Journals SP 21 OP 27 DO 10.3905/joi.2013.22.3.021 VO 22 IS 3 A1 Barry B. Bannister A1 Jesse B. Cantor YR 2013 UL https://pm-research.com/content/22/3/21.abstract AB Using the six financial indicators of “excellent” management described by Thomas Peters & Robert Waterman, Jr. in their 1982 management bestseller ’In Search of Excellence: Lessons from America’s Best-Run Corporations’ 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 “Excellent” portfolio) and the other the bottom one-third of all six categories (the “Un-Excellent” 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