Value Investing: Digging Manager Graveyards Since 1900
Value Investing: Digging Manager Graveyards Since 1900 by Wesley R. Gray, Ph.D., Alpha Architect Author, Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors Following value strategies can be hazardous to one’s wealth in the short run. Oil stocks are a great example of the challenge value investors face: The stocks are down big–and getting cheaper–but could go down even further! Successful value investors are able to buy and hold cheap stocks for a number of years and avoid short-run noise. However, if you are an emotional and impatient investor, you should think twice before you invest in a...