The most important study is a portfolio that has been tracked since January 2001. Each calendar year on the first trading day a portfolio was formed using the filters in Conscious Investor. The size of the portfolio was in the range of 15 to 25 stocks. This portfolio was held until the first trading day for the next calendar year.
On that day a new portfolio was formed using Conscious Investor. The results from an investment of $10,000 on January 2001 until January 2011 are shown in the chart on the left. An investment of $10,000 grows to over $35,000 before tax assuming that dividends have been reinvested.