Bertin, William J; Prather, Laurie - 2007
. In both portfolios each stock is given an equal weight of 25 percent. The returns for each stock are computed over a six …-month holding period, and the portfolio returns are simply a weighted average of the individual security returns. This paper … contests). Furthermore, the returns for the expert portfolios have outpaced those of the Dow Jones Industrial Average (DJIA) on …