Mauboussin: Understanding Procyclicality And Preparing Your PortfolioRupert Hargreaves
"Successful long-term investors are able to avoid both irrational exuberance and irrational despair, which enables them to take advantage of the extreme behavior of others," that's one of the takeaways from a new research report from Michael Mauboussin and team at Blue Mountain Capital Management.
The report, titled 'Procyclicality and its Extremes' considers the impact of procyclicality on investors and its role in bubbles and crashes in financial markets.
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up below and support quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible - we love (all our but in particular our) paying readers