A Winning Investment Strategy Sitting Right Under Your Nose (If You Can Hold It)
Michael Mauboussin and Dan Callahan of Morgan Stanley Counterpoint Global recently published a terrific study that looked at how often individual stocks suffered deep losses. To sum up their findings—even the best performing stocks had to overcome painful drawdowns along the way. Or as they put it: “The best stocks and investors suffer through large drawdowns, which can be considered a cost of doing business over the long haul.”
“The best stocks and investors suffer through large drawdowns, which can be considered a cost of doing business over the long haul.”
Michael Mauboussin and Dan Callahan, Morgan Stanley Counterpoint Global
A Dumpster-Diving Strategy
That made me wonder: How would a strategy built around systematically…
