Definition: Person who often takes an opposite stance to the prevailing wisdom.
Definition: [crh] An investment style that leads one to buy assets that have performed poorly and sell assets that have performed weDefinition: ll. There are two possible reasons this strategy might work. The first is a mean-reversion argument; that is, if the asset has deviated from its usual level, it should eveDefinition: ntually return to that usual level. The second reason has to do with overreaction. Investors might have overreacted to bad news sending thDefinition: e asset price lower than it should be.
<< Go back