Advisors And Fund Managers Ignore Value Because It Carries Higher Career Risk

Johnny HopkinsValue Investing NewsLeave a Comment

Value investing requires a long term time horizon involving patience and discipline. Unfortunately for advisors and fund managers, their own performance is judged on much shorter time periods. As such, these ‘agents’ face a powerful incentive to minimize short-term drawdowns relative to peers and benchmarks. Here’s a great article that … Read More