Contrarian Investing

Fantastic investor letter from the Lex team at the FT on contrarian investing against the expert consensus:

“Dear Investor,

It has been a profitable first half for Contrarian Partners. Our core investment strategy remains unchanged: to mine the research produced by investment banks every six months to establish consensus trading strategies. Then trade against them . . .

In general, though, the advice was reassuringly poor. The markets continue to reward us for listening to the experts – then doing the opposite.”

Go read the full letter — its great stuff . . .


Contrarian investing, July 5 2010

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