I haven't seen that book but i will check it out. Thanks.
There are some good modern books on using Fundamental Analysis in trading. In particular, i would definitely recommend the following as being what i consider to be among some of the best. I have coded up a lot of the ideas in them for use in my own personal trading systems for stocks (which is not here in Q and is not in python, which i am not really very skilled is using).
-- "Quantitative Value" by Wesley Gray & Tobias Carlisle, 2013 (Wiley).
-- "Your Complete Guide to factor-Based Investing" by Andrew Berkin & Larry Swedroe, 2016 (BAM Alliance Press).
Yes, i believe all of the strategies are substantially and widely used, but are still quite sound and effective, and so definitely worth looking at.
Also, if you have any background or skills related to understanding corporate financial statements, then that can help a lot to assist you to know how to read between the lines a bit. Companies are not always 100% honest with their financial reporting, and there are lots of different ways for them to "cook the books", especially with regard to reported Earnings. That is, i believe, the main reason why any calculations involving PE ratios are not always as successful as we might hope ... but there are ways around that problem.
Thank you for your kind words about my contributions to Q's forum. I am not involved with Quantopian (Q) at all in the sense of working for them. I am just an individual trader, trading my own personal account, very much in my own ways. Sometimes i look at Q's forums, and sometimes i don't look for months because i am busy with other things.
Yes, I have some received some small cash $ winnings from several of Q's contests, although i am not really a regular with them and sometimes i don't bother to even look to see what my entries are doing! I have not (yet :)) received an allocation for Q for licensing the use of any of my algos in their fund. Actually my "committment" here is somewhat sporadic in terms of time, but when i do write to the forum here, my efforts in what i write are indeed often quite intense.
Here is an honest statement of what i think of Q and of the forum and the people who write here:
I believe that Q is genuine in its stated intention to "democritize finance", and people like Delaney McKenzie an Max Magenot, to name just 2 of them, are doing a great job, as well as being very fine people who i have met several times at workshops in Singapore. As to how well the whole concept will work, only time will tell, but Q is certainly providing some excellent free education & tools for people to use.
I think that most of the people who write on the forum here are "dabblers", maybe smart but often either lacking practical experience in trading or too "academic" in their outlook, and there are some people with whom i will not waste my time. Nevertheless there is a small handful of contributers here who are smart, skilled, original thinkers, and very practically oriented with regard to trading. Some of these people have become "online friends" for me here in the forum, even though i have never met them. It is mostly to/for them that i write, as well as for any potential new friends.
Most traders, like most people, tend to just do the same familiar things over and over again and often simply repeat like parrots what they have read without much critical thinking or active investigation of their own. So, just as most trading books are repetitive, sometimes wrong, and often not worth reading, similarly for a lot of the people who talk about trading. I am always hoping to find or meet new people who are intelligent, inquisitive and innovative. If by sharing my ideas openly with like-minded people here, we can help each other to generate just one or two good, innovative new trading ideas a year, then the effort is definitely worthwhile. In a way, my "commitment" here in the Q forum is really just self-interest :)) Does that answer your question? Feel welcome to ask more if you want to. Best wishes, Tony.