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The Sceptical Investor - How contrarians bet against the market and win - and you can too (Paperback)
Loot Price: R350
Discovery Miles 3 500
You Save: R119
(25%)
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The Sceptical Investor - How contrarians bet against the market and win - and you can too (Paperback)
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List price R469
Loot Price R350
Discovery Miles 3 500
You Save R119 (25%)
Expected to ship within 12 - 17 working days
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Everyone wants to be a contrarian investor. From the hedge funds
who bet against the US housing market in the run up to 2008, to
George Soros's billion-dollar bet against the Bank of England in
1992, some of the most famous and most profitable trades in history
have been contrarian calls. And with the relentless growth of
passive investing - investors blindly following the market - the
opportunities for a smart investor to profit by betting against the
crowd should be greater than ever. Yet being a contrarian is hard
work. It takes patience, the conviction to stand by an unpopular
viewpoint, and the mental toughness to endure being 'wrong' for
prolonged periods of time. Standing out from the crowd goes against
our every natural instinct. Which is, of course, why it works. So
how do you go about it? There is no single, mechanical investment
approach that marks an investor out as a contrarian. Instead, you
need to adopt a sceptical mindset: a flexible mode of thinking that
allows you to stand back and spot when the market's view of the
world is badly out of touch with reality - and the best way to
profit when reality eventually reasserts itself. In The Sceptical
Investor, John Stepek, executive editor of MoneyWeek, pulls
together the latest research on behavioural finance, and examples
from well-known contrarian investors, to offer practical techniques
to help you to spot opportunities in common investment situations,
from turnaround plays to bubbles and busts, that others in the
market miss. It won't make you popular and it won't make you
famous. But it will make you money.
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