The Practical Application of the Investment Management Methodology in U. S. Patent 7251627 B1 : A Method of Identifying a Universe of Stocks for Inclusion into an Investment Portfolio

July 2017, marks the 10th year anniversary of the issuance of the patent entitled “Method of identifying a universe of stocks for inclusion into an investment portfolio.” (Vass, 2007).The abstract of the patent states that it is:A method of identifying a universe of stocks for inclusion into an investment portfolio that includes scanning a computerized stock database and selecting stocks into the universe according to a predetermined set of factors and criteria. Primarily, the scanning of the stock database aims at first identifying only stocks from certain industry sectors. Once these industry sector stocks have been identified, they are further examined to determine if they meet certain established criteria.The ten years prior to 2007, marked the time for testing and refining the method. Beginning in 1999, it took eight years for the U. S. Patent Office to award the patent.The logic of the patent's method is based upon economic exchange relationships among members of certain technological clusters of industries, within a distinct geographical metro region. The theory of technology evolution is called SERET, short for Structural Evolutionary Regional Economic Theory. (Predicting Technology, Vass, GABBYPress, 2007, revised 2017)