Like what are the core criteria or things that you should expect to see for it to fit this definition that it's truly
a contrarian value investment opportunity?
Alex Wright has honed his distinctive
contrarian value investment approach over a career spanning more than 15 years with Fidelity International.
Mean reversion is a favorite investment topic here on Greenbackd (see, for example, my posts on Mean reversion in earnings,
Contrarian value investment and Lakonishok, Shleifer, and Vishny's Contra...
Mean reversion is a favorite investment topic here on Greenbackd (see, for example, my posts on Mean reversion in earnings,
Contrarian value investment and Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation, and Risk).
-LSB-...] investment topic here on Greenbackd (see, for example, my posts on Mean reversion in earnings,
Contrarian value investment and Lakonishok, Shleifer, and Vishny's Contrarian Investment, Extrapolation, and -LSB-...]
-LSB-...] Mean reversion is a favorite investment topic here on Greenbackd (see, for example, my posts on Mean reversion in earnings,
Contrarian value investment and Lakonishok, Shleifer, and Vishny's Contrarian Investment, -LSB-...]
The contrarian value investment strategy is a good avenue for the application of statistical - prediction rules because all of the stocks have what appear to be broken legs.
Not exact matches
Greenbackd is a popular financial blog focused on deep
value,
contrarian and Graham - based
investment theses.
You can check the previous posts about What are stocks and how to
value them, How does Currency Trading Work, How are Currencies Traded, Investing in Commodities, What Fundamentals Affect Commodity Prices, What are ETF's, What are Options, How are Options» Prices Structured, Investing for Beginners Part 2 — Different
Investment Strategies, When does Buy and Hold not Work, An Unconventional Approach to Buy and Hold, An Unconventional Approach to Buy and Hold Part 2, How the
Investment Advisor Game is Played, An Introduction Into «Secular Investing», Don't Short When it Comes to Secular Investing, An Introduction into Trend Following, An Introduction into Technical Indicators, When does Trend Following Not Work, Risk Management for Trend Followers, An Introduction to
Contrarian Investing, Using Oscillators for
Contrarian Investing, Using Magnitude Extreme vs. Time Extreme,
Contrarian Investing can be Used for Different Time Frames
In an exclusive interview with Consuelo Mack, Robert Kleinschmidt explains his
contrarian investment philosophy and why he is finding the best
values where most people do not want to be.
Posted in
Contrarian investment, Quantitative investment, Strategy, Value Investment, tagged Joel Greenblatt, Magic Formula, Robert Novy - Marx on March 19, 2013 3 Comme
investment, Quantitative
investment, Strategy, Value Investment, tagged Joel Greenblatt, Magic Formula, Robert Novy - Marx on March 19, 2013 3 Comme
investment, Strategy,
Value Investment, tagged Joel Greenblatt, Magic Formula, Robert Novy - Marx on March 19, 2013 3 Comme
Investment, tagged Joel Greenblatt, Magic Formula, Robert Novy - Marx on March 19, 2013 3 Comments»
Deep
Value is a practical guide that reveals little - known valuation metrics that activist investors and other
contrarians use to identify attractive, asymmetric
investment opportunities with limited downside and enormous upside.
As with any
investment, there are ups and downs, but SportsInsights»
contrarian philosophy for sports investing has proven to add
value for our members:
For patient investors, we believe the potential recovery in
value represents the most attractive
contrarian investment opportunity in today's market.
1
Value: J. Lakonishok, A. Shleifer, R. Vishny, «
Contrarian Investment, Extrapolation, and Risk.»
LSV Asset Management is a quantitative
value shop founded by Josef Lakonishok, Andrei Schleifer, and Robert Vishny, authors of the landmark 1994
Contrarian Investment, Extrapolation, and Risk paper, which is a favorite topic of mine (for more, see the archives on LSV and quantitative in
Investment, Extrapolation, and Risk paper, which is a favorite topic of mine (for more, see the archives on LSV and quantitative
investmentinvestment).
Posted in About, Behavioral economics,
Contrarian investment, Value Investment Tagged Behavioral investing, Michael Mauboussin, Value investing
investment,
Value Investment Tagged Behavioral investing, Michael Mauboussin, Value investing
Investment Tagged Behavioral investing, Michael Mauboussin,
Value investing 3 Comments
The thing that I like most about the book is O'Shaughnessy use of data to slaughter several sacred
value investing cows, one of which I mentioned yesterday (see The Small Cap Paradox: A problem with LSV's
Contrarian Investment, Extrapolation, and Risk in prac...).
They are perhaps best known for the
Contrarian Investment, Extrapolation, and Risk paper, which, among other things, analyzed low price - to - book
value stocks in deciles (an approach possibly suggested by Roger Ibbotson's study Decile Portfolios of the New York Stock Exchange, 1967 — 1984).
Posted in About,
Contrarian investment, Liquidation, Strategy Tagged Negative Enterprise
Value 15 Comments
I still consider David Dreman's 1998 book
Contrarian Investment Strategies: The Next Generation to be the best in regard to
value investing.
Posted in About, Behavioral economics,
Contrarian investment, Strategy Tagged Quality, Quantitative
Value Book, Warren Buffett 5 Comments
Posted in
Contrarian investment, Strategy, Value Investment, Warren Buffett Tagged Joel Greenblatt, Quantitative Value Book, The Little Book That Beats The Market
investment, Strategy,
Value Investment, Warren Buffett Tagged Joel Greenblatt, Quantitative Value Book, The Little Book That Beats The Market
Investment, Warren Buffett Tagged Joel Greenblatt, Quantitative
Value Book, The Little Book That Beats The Market 4 Comments
LSV frame their
Contrarian Investment, Extrapolation and Risk findings in the context of «contrarianism,» arguing that
value strategies produce superior returns because most investors don't fully appreciate the phenomenon of mean reversion, which leads them to extrapolate past performance too far into the future.
As we discussed yesterday in Testing the performance of price - to - book
value, various studies, including Roger Ibbotson's Decile Portfolios of the New York Stock Exchange, 1967 — 1984 (1986), Werner F.M. DeBondt and Richard H. Thaler's Further Evidence on Investor Overreaction and Stock Market Seasonality (1987), Josef Lakonishok, Andrei Shleifer, and Robert Vishny Contrarian Investment, Extrapolation and Risk (1994) and The Brandes Institute's Value vs Glamour: A Global Phenomenon (2008) all conclude that lower price - to - book value stocks tend to outperform higher price - to - book value stocks, and at lower
value, various studies, including Roger Ibbotson's Decile Portfolios of the New York Stock Exchange, 1967 — 1984 (1986), Werner F.M. DeBondt and Richard H. Thaler's Further Evidence on Investor Overreaction and Stock Market Seasonality (1987), Josef Lakonishok, Andrei Shleifer, and Robert Vishny
Contrarian Investment, Extrapolation and Risk (1994) and The Brandes Institute's
Value vs Glamour: A Global Phenomenon (2008) all conclude that lower price - to - book value stocks tend to outperform higher price - to - book value stocks, and at lower
Value vs Glamour: A Global Phenomenon (2008) all conclude that lower price - to - book
value stocks tend to outperform higher price - to - book value stocks, and at lower
value stocks tend to outperform higher price - to - book
value stocks, and at lower
value stocks, and at lower risk.
Posted in About, Austrian Economics, Greenbackd, Stocks, tagged
Contrarian,
Value Investment on January 12, 2010 9 Comments»
As the various studies we have discussed recently demonstrate — Roger Ibbotson's Decile Portfolios of the New York Stock Exchange, 1967 — 1984 (1986), Werner F.M. DeBondt and Richard H. Thaler's Further Evidence on Investor Overreaction and Stock Market Seasonality (1987), Josef Lakonishok, Andrei Shleifer, and Robert Vishny
Contrarian Investment, Extrapolation and Risk (1994) and The Brandes Institute's
Value vs Glamour: A Global Phenomenon (2008)-- low price - to - book value stocks outperform higher priced stocks and the market in gen
Value vs Glamour: A Global Phenomenon (2008)-- low price - to - book
value stocks outperform higher priced stocks and the market in gen
value stocks outperform higher priced stocks and the market in general.
As Josef Lakonishok, Andrei Shleifer, and Robert Vishny showed in
Contrarian Investment, Extrapolation, and Risk, within the set of firms whose B / M ratios are the highest (in other words, the lowest price - to - book
value), further sorting on the basis of another
value variable — whether it be C / P, E / P or low GS — enhances returns.
In this instance, Professor Oppenheimer's study speaks to the return on the Near Graham Net Net Portfolio, as Roger Ibbotson's Decile Portfolios of the New York Stock Exchange, 1967 — 1984 (1986), Werner F.M. DeBondt and Richard H. Thaler's Further Evidence on Investor Overreaction and Stock Market Seasonality (1987), Josef Lakonishok, Andrei Shleifer, and Robert Vishny's
Contrarian Investment, Extrapolation and Risk (1994) as updated by The Brandes Institute's
Value vs Glamour: A Global Phenomenon (2008) speak to the return on the Ultra-low Price - to - book Portfolio.
Posted in About, Behavioral economics, Stocks,
Value Investment, tagged
Contrarian investing on September 16, 2010 8 Comments»
Posted in About, Book, Catalysts,
Contrarian investment, Strategy Tagged Book, Quantitative
Value 95 Comments
Posted in About, Behavioral economics,
Contrarian investment, Strategy, Value Investment Tagged John Hussman, Shiller PE 2
investment, Strategy,
Value Investment Tagged John Hussman, Shiller PE 2
Investment Tagged John Hussman, Shiller PE 21 Comments
-LSB-...] reading about
Investment Moats latest post on Swiber Holding Ltd and his comments on Deep
Value Contrarian Investing, I made a comment: -LSB-...]
David Dreman went into quite a bit of detail explaining why the advantage of small capitalization
value stocks may be an illusion in his book «
Contrarian Investment Strategies: The Next Generation.»
Deep
Value is also a practical guide that reveals little - known valuation metrics that activist investors and other
contrarians use to identify attractive, asymmetric
investment opportunities with limited downside and enormous upside — undervaluation, large cash holdings, and low payout ratios.
Posted in About, Austrian Economics,
Contrarian investment, Stocks, tagged Taleb,
Value on January 20, 2010 3 Comments»
Posted in About, Behavioral economics,
Contrarian investment, Quantitative
investment, Strategy, tagged Apple Inc. (NASDAQ: AAPL), Quantitative
Value Book on April 24, 2013 4 Comments»
Posted in Behavioral economics,
Contrarian investment, Strategy, Value Investment, tagged Behavioral investing, Forward Earnings Estimates, IBES forecasts on March 22, 2013 10 Comme
investment, Strategy,
Value Investment, tagged Behavioral investing, Forward Earnings Estimates, IBES forecasts on March 22, 2013 10 Comme
Investment, tagged Behavioral investing, Forward Earnings Estimates, IBES forecasts on March 22, 2013 10 Comments»
In
Value vs Glamour: A Global Phenomenon, The Brandes Institute updated the landmark 1994 study by Josef Lakonishok, Andrei Shleifer, and Robert Vishny
Contrarian Investment, Extrapolation and Risk.
Posted in About, Behavioral economics, Catalysts,
Contrarian investment, tagged
Value Line on April 22, 2013 Leave a Comment»
Posted in About, Behavioral economics,
Contrarian investment, Strategy, Value Investment, tagged John Hussman, Shiller PE on April 4, 2013 21 Comme
investment, Strategy,
Value Investment, tagged John Hussman, Shiller PE on April 4, 2013 21 Comme
Investment, tagged John Hussman, Shiller PE on April 4, 2013 21 Comments»
Posted in About, Behavioral economics,
Contrarian investment, Strategy, Value Investment, tagged John Hussman, Warren Buffett on March 25, 2013 45 Comme
investment, Strategy,
Value Investment, tagged John Hussman, Warren Buffett on March 25, 2013 45 Comme
Investment, tagged John Hussman, Warren Buffett on March 25, 2013 45 Comments»
In
Contrarian Investment, Extrapolation and Risk (1994), Lakonishok, Shleifer and Vishny demonstrate that value strategies outperform because they are «contrarian to «naive» strategies followed by other investo
Contrarian Investment, Extrapolation and Risk (1994), Lakonishok, Shleifer and Vishny demonstrate that
value strategies outperform because they are «
contrarian to «naive» strategies followed by other investo
contrarian to «naive» strategies followed by other investors:»
Posted in About,
Contrarian investment, Stocks, Value Investment Tagged Apple Inc. (NASDAQ: AAPL)
investment, Stocks,
Value Investment Tagged Apple Inc. (NASDAQ: AAPL)
Investment Tagged Apple Inc. (NASDAQ: AAPL) 1 Comment
Posted in About,
Contrarian investment, Liquidation, Strategy, tagged Negative Enterprise
Value on July 15, 2013 15 Comments»
For those new to the site, my argument is that a systematic application of the deep
value methodologies like Benjamin Graham's liquidation strategy (for example, as applied in Oppenheimer's Ben Graham's Net Current Asset
Values: A Performance Update) or a low price - to - book strategy (as described in Lakonishok, Shleifer, and Vishny's
Contrarian Investment, Extrapolation and Risk) can lead to exceptional long - term investment returns
Investment, Extrapolation and Risk) can lead to exceptional long - term
investment returns
investment returns in a fund.
Posted in About, Behavioral economics,
Contrarian investment, Net Current Asset Value, Net Quick Stocks, Net Quick Value, Stocks, Value Investment, tagged Mean reversion, Value Investment on April 27, 2010 Leave a Comm
investment, Net Current Asset
Value, Net Quick Stocks, Net Quick
Value, Stocks,
Value Investment, tagged Mean reversion, Value Investment on April 27, 2010 Leave a Comm
Investment, tagged Mean reversion,
Value Investment on April 27, 2010 Leave a Comm
Investment on April 27, 2010 Leave a Comment»
Posted in About,
Contrarian investment, Stocks, Value Investment, tagged Apple Inc. (NASDAQ: AAPL) on April 20, 2010 1 Comm
investment, Stocks,
Value Investment, tagged Apple Inc. (NASDAQ: AAPL) on April 20, 2010 1 Comm
Investment, tagged Apple Inc. (NASDAQ: AAPL) on April 20, 2010 1 Comment»
Josef Lakonishok, Andrei Shleifer, and Robert Vishny's
Contrarian Investment, Extrapolation and Risk, which was updated by The Brandes Institute as
Value vs Glamour: A Global Phenomenon reopened the debate, suggesting that price - to - earnings and price - to - cash flow might add something to price - to - book.
Posted in About, Behavioral economics,
Contrarian investment, Strategy, Value Investment Tagged John Hussman, Warren Buffett 4
investment, Strategy,
Value Investment Tagged John Hussman, Warren Buffett 4
Investment Tagged John Hussman, Warren Buffett 45 Comments