5min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

Is Cheapness a Good Proxy for Low Expectations?

Growth is so interesting because obviously it under performs. But the category of expensive stocks also produces some of the best individual outcomes. So that's what i really took away from your book, was, let's find systematic proxies for expectations make big bets on that category not necessarily individual names. It seems like cheapness is one good proxy for low expectations.

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