Relative dividend yield (RDY) is a long-term, conservative method of value investing which keeps transaction costs low while at the same time maximizing income. The RDY buy-sell discipline set out in this volume enables readers to base their, or their institution's, investment decisions on the much more stable and reliable principle of historic relative yields. It aims to help investors avoid anxiety about market fluctuations because RDY's buy-sell mechanism doesn't have a short-term trading orientation. For over 20 years, this approach has outperformed the market with less than the market level of risk.