How to Be a Real Contrarian Investor

This article originally appeared in the July 2015 issue of the AAII Journal. We’ve all heard that investors move and think like one big crowd, but there are really two crowds. The main herd, and the “anti-herd”—the main herd’s near mirror image. The media often call them “contrarians,” but the real contrarians are those who…

 

Investment Wisdom From Wall Street’s Legends

This article by Frederik Vanhaverbeke originally appeared in the November 2014 issue of the AAII Journal. “A country of security analysts would still overreact. In short, even the best-trained investors would make the same mistakes that investors have been making forever, and for the same immutable reason—that they cannot help it.” —Seth Klarman The vast majority…