Saturday, July 23, 2011

DailyMarkets.com - Josef Lakonishok: A Value Investing Amp; Momentum Screen From His Writings

DailyMarkets.com - Josef Lakonishok: A Value Investing Amp; Momentum Screen From His Writings

Josef Lakonishok: A Value Investing Amp; Momentum Screen From His Writings

Posted: 23 Jul 2011 03:50 AM PDT

In Brief
A value and momentum screen focused on finding under-valued, out-of-favor companies just at the point when the market is starting to recognise them. According to Lakonishok, investors have judgmental biases and behavioral weaknesses including the tendency to extrapolate the past too far into the future, to wrongly equate a good company with a good investment irrespective of price, to ignore statistical evidence and to develop a quot;mindsetquot; about a company. As a result, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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