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By AnonymRobert D. Arnott
Design a portfolio you are not likely to trade... akin to premarital counseling advice; try to build a portfolio that you can live with for a long, long time.
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By AnonymRobert D. Arnott
Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.
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By AnonymRobert D. Arnott
History teaches that when valuations are extreme, "mean reversion," a move towards historical norms, is likely. Once value stocks turn, the recovery can be fast and intense.
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By AnonymRobert D. Arnott
Many investors prefer comfort, chasing what is popular and loved, rather than pursuing what is out of favor. The markets do not reward comfort.
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By AnonymRobert D. Arnott
Successful contrarian investing requires us to live with discomfort, for being "wrong" and alone. But bargains do not exist in the absence of fear.
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By AnonymRobert D. Arnott
The best investment opportunities are often scary.
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By AnonymRobert D. Arnott
The most treasured asset in investment management is a steady hand at the tiller.
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By AnonymRobert D. Arnott
Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.
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