In “The Dividend Connection: How Dividends Create Value in the Stock Market,” the 1995 e-book she wrote together with her son Gregory, Ms. Weiss defined that earnings may be “hidden or disguised behind vague bookkeeping terms such as cash flow, depreciation or inventory reserves” and distorted by taxes.
“A clever accountant,” she contended, “can make earnings appear good or not so good,” and corporations that purchase again their shares as a substitute of paying dividends typically overpay for them.
The e-newsletter’s document from the outset in 1966, and persevering with Ms. Weiss’s technique for suggestions after her retirement, was not flashy, but it surely was constantly rewarding. It produced a median annual inventory market achieve of 11.8 p.c from 1986 to early 2022, together with financial downturns, in line with Mark J. Hulbert, founding father of The Hulbert Financial Digest, a e-newsletter ranking service, in contrast with an 11 p.c achieve, together with dividends, for the Wilshire 5000 Total Market Index, the broadest measure of the United States inventory market.
Once a yr, the service compiles a listing of favourite shares, which it dubs its Lucky 13. “It’s a method that works, has proven it has staying power and is simple,” Mr. Hulbert mentioned, including that the still-popular e-newsletter has one of many longest tenures within the enterprise. “They make more money in the market, with less risk,” he mentioned.
Geraldine Sylvia Schmulowitz, often known as Gerry, was born in San Francisco on March 16, 1926. Her father, Alvin, was an actual property agent; her mom, Sylvia, was a homemaker. Her father modified the household surname to Small after Geraldine confronted antisemitism at school. “That was a big change in my life,” she mentioned.