Contrarian investment strategies the psychological edge pdf download

Against the Herd presents six contrarian views of major events that will shape the future. Many will find his views counterintuitive and even controversial. Some will find his forecasts alarming. But open-minded readers who are willing to heed his well-informed advice will find it illuminating, beneficial, and profitable. Steve Cortes presents six contrarian views of major events that will shape the future for investors including the fall of China and the end of the golden era of free trade The contrarian stances are presented because they are actionable Reveals how these events will affect global markets and specific investments, and how and when to take advantage of these key moves Against the Herd shows you how to profit by bucking conventional wisdom and what to do to get ready when situations call for contrarian investing.

From the author of national bestsellers "How to Retire Rich" and "What Works on Wall Street" comes a unique and timely new wealth-building strategy--a clear call to action for every investor who doesn't want to be left behind. Contradicts the traditional finance theory. We believe that the explanation is found within the behavioral finance theory.

Investors are subject to several kinds of decision biases, which originate from limited cognitive capacity. We expect that as long as naive investors are challenged by limited cognitive capacity and keep extrapolating past performance into the future the value premium will continue to exist, hence generating possibilities for the value investors.

Additionally the value strategy does not perform worse in bad states of the economy, which otherwise could have indicated that the value stocks had increased downside risk.

The irrational arguments seem to fit the existence of the value premium better. Investors are subject to several kinds of judgment biases, which originate from limited cognitive capacity. Software Images icon An illustration of two photographs. Images Donate icon An illustration of a heart shape Donate Ellipses icon An illustration of text ellipses.

Contrarian investment strategies : the psychological edge Item Preview. EMBED for wordpress. Want more? Advanced embedding details, examples, and help! The need to switch to a new approach for investing has never been more urgent.

The Crash of revealed in dramatic fashion that there are glaring flaws in the theory that underlies all of the prevailing investment strategies-efficient market theory.

This theory, and all of the most popular investing strategies, fail to account for major, systematic errors in human judgment that the powerful new research in psychology David Dreman introduces has revealed, such as emotional over-reactions and a host of mental shortcuts in judgment that lead to wild over and under-valuations of stocks, bonds, and commodities and to bubbles and crashes.

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