Psychology in stock picking
Published on Mar 1, 2016
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Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More
Dan McCrum and Jeremy Lang, partner at Ardevora Asset Management, use two case studies to explore how psychology and propensity to risk affect investment decisions.
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