{"id":33083,"date":"2025-02-21T16:30:00","date_gmt":"2025-02-21T08:30:00","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=33083"},"modified":"2025-03-20T11:41:38","modified_gmt":"2025-03-20T03:41:38","slug":"michael-shewitts-4-key-income-investing-principles-unveiled","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/","title":{"rendered":"Michael Sivy\u2019s 4 Key Income Investing Principles Unveiled"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full caption-align-center\"><img fetchpriority=\"high\" decoding=\"async\" width=\"3500\" height=\"2333\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash.jpg\" alt=\"investment\" class=\"wp-image-32901\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash.jpg 3500w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-300x200.jpg 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-1024x683.jpg 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-150x100.jpg 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-768x512.jpg 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-1536x1024.jpg 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/markus-spiske-XrIfY_4cK1w-unsplash-2048x1365.jpg 2048w\" sizes=\"(max-width: 3500px) 100vw, 3500px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Photo from <a href=\"https:\/\/unsplash.com\/photos\/text-XrIfY_4cK1w\" target=\"_blank\" rel=\"noopener\">Unflash<\/a> by <a href=\"https:\/\/unsplash.com\/@markusspiske\" target=\"_blank\" rel=\"noopener\">Markus Spiske<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f33f5e05625\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f33f5e05625\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/#Preface\" >Preface<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/#Michael_Sivys_Stock_Selection_Criteria\" >Michael Sivy\u2019s Stock Selection Criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/#Strategy_Overview\" >Strategy Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/#Strategy_Performance_Analysis\" >Strategy Performance Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-shewitts-4-key-income-investing-principles-unveiled\/#Performance_from_different_Rebalance_Day\" >Performance from different Rebalance Day<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Preface\"><\/span>Preface<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the world of investing, accurate predictions and systematic analysis are key to achieving long-term success. Strategists who can decipher market trends become sought-after figures for investors eager to learn. Michael Sivy is undoubtedly one of the best. With precise market forecasts and unique investment insights, he has built a stellar reputation in the U.S. investment community.<\/p>\n\n\n\n<p>From warning of the 1987 stock market crash to predicting a market turnaround in 1995 and foreseeing the bursting of the tech bubble in 1999, Sivy has demonstrated exceptional market foresight through decades of research and hands-on experience. His book,&nbsp;<em>The Rule of 72<\/em>, has become a must-read classic, offering systematic analysis and clear guidelines for investors of all types.<\/p>\n\n\n\n<p>This article will focus on Sivy\u2019s investment philosophy, particularly the four key principles he established for income investors: high yield, stable growth, strong financial health, and reasonable valuation. By analyzing his classic cases, we will explore how these principles maximize returns in real-world investing and provide valuable insights for today\u2019s market environment.<\/p>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Michael_Sivys_Stock_Selection_Criteria\"><\/span><strong>Michael Sivy\u2019s Stock Selection Criteria<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Michael Sivy places great emphasis on a company\u2019s various yield metrics, using extensive income-related data for stock screening. Additionally, he evaluates a company\u2019s operational performance by examining its debt levels and asset liquidity to ensure the company maintains a solid financial foundation.<\/p>\n\n\n\n<p><strong>Stock Selection Criteria:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend yield + profit (revenue) growth rate &gt; 10%<\/strong><\/li>\n\n\n\n<li><strong>Dividend yield higher than the market average<\/strong><\/li>\n\n\n\n<li><strong>Price-to-earnings (P\/E) ratio lower than the market average<\/strong><\/li>\n\n\n\n<li><strong>Current ratio higher than the market average<\/strong><\/li>\n\n\n\n<li><strong>Debt-to-equity ratio below 20%<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategy_Overview\"><\/span><strong>Strategy Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Stocks are selected based on the five criteria above and adjusted at the end of each quarter. The following setting for assess whether Michael Sivy\u2019s stock selection strategy can be effectively applied to the Taiwanese stock market.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Backtesting period:  From December 30, 2019, to November 31, 2024<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stocks Pool: Taiwan listed companies which existed before the backtesting period (e.g., those available in 2019) to avoid look-ahead bias and focus on listed stocks as the research target.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trading set: Liquidity slippage and transaction fees<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Benchmark\uff1aTAIEX-Total Return Index ( IR0001 )<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Data Source\uff1aExtract the necessary data for Michael Sivy\u2019s stock selection criteria, such as: P\/E Ratio, Current Ratio, Revenue Growth Rate from <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><strong><a href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/financial-data\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.tejwin.com\/en\/databank-solution\/financial-data\/\" rel=\"noreferrer noopener\">TEJ Financial Data<\/a><\/strong><\/mark><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rebalancing Dates: Select TSMC (2330.TW) as a sample and extract the last trading day of each quarter. These dates will then be used for the next round of stock selection and portfolio rebalancing<\/li>\n<\/ul>\n\n\n\n<p>After obtaining price-volume and historical data, we execute the strategy based on <strong>Michael Sivy\u2019s Stock Selection Criteria<\/strong>.<\/p>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategy_Performance_Analysis\"><\/span>Strategy Performance Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full caption-align-center\"><img decoding=\"async\" width=\"1294\" height=\"486\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49.png\" alt=\"investment\" class=\"wp-image-32897\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49.png 1294w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49-300x113.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49-1024x385.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49-150x56.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-02-19-\u4e0a\u53489.57.49-768x288.png 768w\" sizes=\"(max-width: 1294px) 100vw, 1294px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-left\">The backtesting period is set from the&nbsp;<strong>end of 2019 to the end of 2023<\/strong>. The cumulative return chart indicates that the&nbsp;<strong>stock selection strategy slightly outperforms the market<\/strong>, suggesting that it successfully identifies stocks with higher upside potential. However, during market downturns, the strategy experiences more severe drawdowns, highlighting its lack of resilience against systemic market risks.<\/p>\n\n\n\n<p>From the&nbsp;<strong>leverage usage chart<\/strong>, leverage fluctuations occur only on rebalancing days, while remaining at zero otherwise. This ensures that the strategy does not face excessive liquidity or capital turnover issues.The&nbsp;<strong>annualized return<\/strong>&nbsp;of the strategy is&nbsp;<strong>18.74%<\/strong>, slightly higher than the Taiwan market index, which ranges between&nbsp;<strong>12% and 15%<\/strong>.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full caption-align-center\"><img decoding=\"async\" width=\"1080\" height=\"702\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667.png\" alt=\"investment\" class=\"wp-image-32899\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667.png 1080w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667-300x195.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667-1024x666.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667-150x98.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-667-768x499.png 768w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/figure>\n\n\n\n<div style=\"height:29px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Analysis of Moving Volatility and Moving Sharpe Ratio<\/strong><\/p>\n\n\n\n<p>From the&nbsp;<strong>moving volatility and moving Sharpe ratio charts<\/strong>, a significant increase in volatility can be observed in the&nbsp;<strong>second half of 2021<\/strong>. This period coincides with the market correction at the end of the bull market, during which the&nbsp;<strong>Taiwan stock market experienced a notable downturn and heightened volatility<\/strong>. However, the strategy&#8217;s volatility exceeded that of the overall market.<\/p>\n\n\n\n<p>This suggests that the stock selection method tends to pick stocks with&nbsp;<strong>higher upside potential<\/strong>, which, during a bear market,&nbsp;<strong>lack the momentum to sustain their prices due to reduced investor inflows<\/strong>. As a result, both the&nbsp;<strong>drawdowns and volatility of the strategy were amplified<\/strong>&nbsp;during this period, reflecting its exposure to market risk.<\/p>\n\n\n\n<p>To mitigate this, the strategy&#8217;s application could be&nbsp;<strong>reduced when the overall market valuation is high (late bull market phase)<\/strong>, helping to&nbsp;<strong>avoid periods of excessive volatility<\/strong>.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center caption-align-center\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/12_AD_4nXc8d3VCACQCsl-ViMNxAM9EdjoqTdJIViqTfh418ZYyuUYzmmVHc6-9Fsj14x6ttebNuJm1v6j1tDX_vYdNymChlEWVGQpeiPz-CSNNUBQQA7wF9Y_28BK6JlnzTHwafBmnTeW33wkey9mLqWmiWDW1-s6drcNN1vjKJ.png\" width=\"565\" height=\"435\"><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Impact of Different Rebalancing Frequencies on Strategy Performance<\/strong><\/p>\n\n\n\n<p>We tested the same strategy logic with different&nbsp;<strong>rebalancing frequencies<\/strong>, conducting backtests on an&nbsp;<strong>annual, semi-annual, and quarterly basis<\/strong>. The results show that&nbsp;<strong>higher rebalancing frequency leads to better overall performance<\/strong>.<\/p>\n\n\n\n<p>This suggests that the selected stocks tend to&nbsp;<strong>reflect their intrinsic value within a quarter<\/strong>, meaning that more frequent rebalancing captures price movements more effectively. As a result,&nbsp;<strong>higher-frequency rebalancing significantly enhances overall strategy performance<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Performance_from_different_Rebalance_Day\"><\/span>Performance from different Rebalance Day <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter caption-align-center\"><table class=\"has-fixed-layout\"><tbody><tr><td>Statistics<\/td><td class=\"has-text-align-right\" data-align=\"right\">3month<\/td><td class=\"has-text-align-right\" data-align=\"right\">6month<\/td><td class=\"has-text-align-right\" data-align=\"right\">yearly<\/td><td class=\"has-text-align-right\" data-align=\"right\">Benchmark<\/td><\/tr><tr><td>Annualized Return<\/td><td class=\"has-text-align-right\" data-align=\"right\">18.74%<\/td><td class=\"has-text-align-right\" data-align=\"right\">16.058%<\/td><td class=\"has-text-align-right\" data-align=\"right\">17.635%<\/td><td class=\"has-text-align-right\" data-align=\"right\">14.92%<\/td><\/tr><tr><td>Cumulative Return<\/td><td class=\"has-text-align-right\" data-align=\"right\">94.499%<\/td><td class=\"has-text-align-right\" data-align=\"right\">78.025%<\/td><td class=\"has-text-align-right\" data-align=\"right\">87.581%<\/td><td class=\"has-text-align-right\" data-align=\"right\">71.362%<\/td><\/tr><tr><td>Sharp Ratio<\/td><td class=\"has-text-align-right\" data-align=\"right\">0.95<\/td><td class=\"has-text-align-right\" data-align=\"right\">0.89<\/td><td class=\"has-text-align-right\" data-align=\"right\">0.94<\/td><td class=\"has-text-align-right\" data-align=\"right\">0.86<\/td><\/tr><tr><td>Volatility<\/td><td class=\"has-text-align-right\" data-align=\"right\">20.318%<\/td><td class=\"has-text-align-right\" data-align=\"right\">18.805%<\/td><td class=\"has-text-align-right\" data-align=\"right\">19.311%<\/td><td class=\"has-text-align-right\" data-align=\"right\">18.02%<\/td><\/tr><tr><td>Max Drawdown<\/td><td class=\"has-text-align-right\" data-align=\"right\">-29.274%<\/td><td class=\"has-text-align-right\" data-align=\"right\">-28.394%<\/td><td class=\"has-text-align-right\" data-align=\"right\">-28.394%<\/td><td class=\"has-text-align-right\" data-align=\"right\">-28.553%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Performance Table<\/figcaption><\/figure>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Important Reminder<\/strong>: This analysis is for reference only and does not constitute any product or investment advice.<\/p>\n\n\n\n<p>We welcome readers interested in various trading strategies to consider purchasing relevant solutions from&nbsp;<a href=\"https:\/\/www.tejwin.com\/en\/solution\/quantitative-finance-solution\/\" class=\"ek-link\"><strong><mark style=\"background-color:#ffdf88\" class=\"has-inline-color\">Quantitative Finance Solution<\/mark><\/strong><\/a>. With our high-quality databases, you can construct a trading strategy that suits your needs.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size\" style=\"font-size:22px\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/databank-solution\/financial-data\/\" style=\"border-radius:16px;background:linear-gradient(135deg,rgb(243,224,131) 0%,rgb(102,197,166) 50%,rgb(51,132,181) 100%)\"><strong>Access to Comprehensive Quantitative Data<\/strong><br><strong>Start Building Portfolios That Outperform the Market Today!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:32px\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><strong><em>&#8220;Taiwan stock market data, TEJ collect it all.&#8221;<\/em><\/strong><\/mark><\/p>\n\n\n\n<p>The characteristics of the Taiwan stock market differ from those of other European and American markets. Especially in the first quarter of 2024, with the <strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#c05d5d\" class=\"has-inline-color\">Taiwan Stock Exchange reaching a new high of 20,000 points<\/mark><\/strong> due to the rise in TSMC&#8217;s stock price, global institutional investors are paying more attention to the performance of the Taiwan stock market.&nbsp;<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#0978b8\" class=\"has-inline-color\">Taiwan Economical Journal (TEJ)<\/mark><\/strong>, a financial database established in Taiwan for over 30 years, serves local financial institutions and academic institutions, and has long-term cooperation with internationally renowned data providers, providing high-quality financial data for five financial markets in Asia.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color has-black-color\">Complete Coverage<\/mark><\/strong>: Includes all listed companies on stock markets in Taiwan, China, Hong Kong, Japan, Korea, etc.&nbsp;<\/li>\n\n\n\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color\">Comprehensive Analysis of Enterprises<\/mark><\/strong>: Operational aspects, financial aspects, securities market performance, ESG sustainability, etc.&nbsp;<\/li>\n\n\n\n<li><strong><mark style=\"background-color:#ebc766\" class=\"has-inline-color\">High-Quality Database<\/mark><\/strong>: TEJ data is cleaned, checked, enhanced, and integrated to ensure it meets the information needs of financial and market analysis.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>With TEJ&#8217;s assistance, you can access relevant information about major stock markets in Asia, such as securities market, financials data, enterprise operations, board of directors, sustainability data, etc., providing investors with timely and high-quality content. Additionally, TEJ offers advisory services to help solve problems in theoretical practice and financial management!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size\" style=\"font-size:21px\"><a class=\"wp-block-button__link has-background has-text-align-center wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\" style=\"border-radius:16px;background:linear-gradient(135deg,rgb(160,209,216) 0%,rgb(51,145,181) 50%,rgb(50,95,191) 100%)\"><strong>Want to Learn More About Our Databases and Solutions?<br>Contact Us and Get the Free Trial Today!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:32px\"><strong>Further Reading<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/news\/effects-of-financial-restatement\/\" data-type=\"link\" data-id=\"https:\/\/www.tejwin.com\/en\/news\/effects-of-financial-restatement\/\">Effects of Financial Restatement on Investment Performance<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/insight\/analyzing-factor-performance-with-alphalens-price-and-volume-factors\/\">Analyzing Factor Performance with Alphalens \u2013 Price &amp; Volume Factors<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the world of investing, accurate predictions and systematic analysis are key to achieving long-term success. Strategists who can decipher market trends become sought-after figures for investors eager to learn. Michael Sivy is undoubtedly one of the best. With precise market forecasts and unique investment insights, he has built a stellar reputation in the U.S. investment community.<\/p>\n<p>From warning of the 1987 stock market crash to predicting a market turnaround in 1995 and foreseeing the bursting of the tech bubble in 1999, Sivy has demonstrated exceptional market foresight through decades of research and hands-on experience. His book,\u00a0The Rule of 72, has become a must-read classic, offering systematic analysis and clear guidelines for investors of all types.<\/p>\n","protected":false},"featured_media":33128,"template":"","tags":[3063,3372,2962,2428,2537],"insight-category":[50,1356],"class_list":["post-33083","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-backtesting-2","tag-financial-data","tag-market-data","tag-2428","tag-2537","insight-category-fintech","insight-category-tquant-lab-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/33083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":14,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/33083\/revisions"}],"predecessor-version":[{"id":33746,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/33083\/revisions\/33746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/33128"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=33083"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=33083"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight-category?post=33083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}