At the Money: Contrarian Investing

Barry Ritholtz discusses contrarian investing with Michael J. Mauboussin, Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management. They explore the challenges of going against the crowd, the role of asset prices in decision-making, and the importance of diversity and incentives. They also discuss the evolutionary reasons behind conformity, the use of violent metaphors in contrarian investing, and the impact of investor expectations on this strategy.