"๐๐ง๐ ๐ญ๐ก๐ข๐ง๐ ๐ ๐ก๐๐ฏ๐ ๐ฅ๐๐๐ซ๐ง๐๐ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ข๐ฌ ๐๐ฑ๐ฉ๐จ๐ฌ๐ฎ๐ซ๐ ๐ข๐ฌ ๐ญ๐ก๐๐ญ ๐ฐ๐จ๐ฆ๐๐ง ๐๐ซ๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐๐ฅ๐ฅ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฐ๐จ๐ซ๐ฅ๐. ๐๐ ๐ฆ๐๐ค๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐ฆ๐ข๐ฌ๐ญ๐๐ค๐๐ฌ, ๐๐๐ฅ๐ฅ ๐ข๐ง๐ญ๐จ ๐๐๐ฆ๐ข๐ฅ๐ข๐๐ซ ๐ญ๐ซ๐๐ฉ๐ฌ, ๐๐ง๐ ๐ก๐จ๐ฅ๐ ๐จ๐ฎ๐ซ๐ฌ๐๐ฅ๐ฏ๐๐ฌ ๐๐๐๐คโ๐๐ฏ๐๐ซ๐ฒ๐ฐ๐ก๐๐ซ๐. ๐๐ ๐๐จ๐งโ๐ญ ๐ซ๐๐ข๐ฌ๐ ๐จ๐ฎ๐ซ ๐ก๐๐ง๐, ๐๐จ๐งโ๐ญ ๐๐๐๐ฅ ๐ช๐ฎ๐๐ฅ๐ข๐๐ข๐๐ ๐ญ๐จ ๐ฌ๐๐๐ค ๐ฉ๐ซ๐จ๐ฆ๐จ๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ซ ๐๐จ๐ง๐๐ข๐๐๐ง๐ญ ๐จ๐ ๐๐ฌ๐ฌ๐ฎ๐ฆ๐ข๐ง๐ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ซ๐จ๐ฅ๐๐ฌ. ๐๐๐ง๐ฒ ๐๐จ๐งโ๐ญ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ฒ ๐๐๐ฌ๐๐ซ๐ฏ๐ ๐ฆ๐จ๐ซ๐ ๐จ๐ซ ๐๐๐ญ๐ญ๐๐ซ ๐๐ง๐ ๐ซ๐๐ฌ๐ข๐ ๐ง ๐ญ๐ก๐๐ฆ๐ฌ๐๐ฅ๐ฏ๐๐ฌ ๐ญ๐จ ๐ ๐ฅ๐ข๐๐๐ฅ๐จ๐ง๐ ๐ฌ๐๐๐จ๐ง๐-๐๐ฅ๐๐ฌ๐ฌ ๐๐ข๐ญ๐ข๐ณ๐๐ง๐ฌ๐ก๐ข๐ฉ. ๐๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ฒ ๐๐จ๐ฎ๐ฅ๐ ๐๐จ ๐๐๐ญ๐ญ๐๐ซ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ๐ฅ๐ฒ ๐๐ก๐จ๐จ๐ฌ๐ ๐ง๐จ๐ญ ๐ญ๐จ ๐๐จ ๐ฌ๐จ ๐๐จ๐ซ ๐๐๐๐ซ ๐ข๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐ฌ๐๐ญ ๐ญ๐ก๐๐ฆ ๐๐๐๐ค ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ฅ๐ฒ, ๐ซ๐ฎ๐ข๐ง ๐ญ๐ก๐๐ข๐ซ ๐ซ๐๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ๐ฌ, ๐จ๐ซ ๐ฆ๐๐ค๐ ๐ญ๐ก๐๐ฆ ๐ฎ๐ง๐ฌ๐ฎ๐ข๐ญ๐๐๐ฅ๐ ๐ฉ๐๐ซ๐ญ๐ง๐๐ซ๐ฌ. ๐๐ฏ๐๐ง ๐ญ๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐ก๐๐ฏ๐ ๐ญ๐ก๐ ๐๐ฆ๐๐ข๐ญ๐ข๐จ๐ง ๐จ๐๐ญ๐๐ง ๐ฅ๐๐๐ค ๐ญ๐ก๐ ๐ฏ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง; ๐ญ๐ก๐๐ฒ ๐ฐ๐จ๐ง๐๐๐ซ ๐ฐ๐ก๐๐ญ๐ก๐๐ซ ๐ญ๐ก๐ ๐ฌ๐ญ๐ซ๐ฎ๐ ๐ ๐ฅ๐๐ฌ ๐๐ง๐ ๐ฌ๐๐๐ซ๐ข๐๐ข๐๐๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ฐ๐จ๐ซ๐ญ๐ก ๐ข๐ญ. ๐๐๐ญ๐๐ง, ๐ฐ๐ ๐๐จ๐งโ๐ญ ๐ฌ๐๐ ๐๐ง๐จ๐ฎ๐ ๐ก ๐ซ๐จ๐ฅ๐ ๐ฆ๐จ๐๐๐ฅ๐ฌ ๐ญ๐จ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ข๐ญ ๐ข๐ฌ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ฅ๐, ๐ฅ๐๐ญ ๐๐ฅ๐จ๐ง๐ ๐ฐ๐จ๐ซ๐ญ๐ก ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐จ๐ซ.
๐๐ฌ ๐ ๐ฐ๐จ๐ฆ๐๐ง ๐ฐ๐ก๐จ ๐ก๐๐ฌ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐๐ ๐๐ง๐ ๐จ๐ฏ๐๐ซ๐๐จ๐ฆ๐ ๐ฆ๐๐ง๐ฒ ๐จ๐ ๐ญ๐ก๐๐ฌ๐ ๐๐๐๐ฅ๐ข๐ง๐ ๐ฌ, ๐ ๐๐ฆ ๐ฌ๐ก๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ญ๐๐ข๐ง ๐๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐จ๐ ๐ฆ๐ฒ ๐จ๐ฐ๐ง ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐ก๐จ๐ฉ๐ ๐ข๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐ก๐๐ฅ๐ฉ ๐ญ๐จ ๐๐ข๐ฌ๐ฉ๐๐ฅ ๐ฆ๐๐ง๐ฒ ๐จ๐ ๐ญ๐ก๐๐ฌ๐ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐๐ฒ ๐จ๐๐๐๐ซ๐ข๐ง๐ ๐ฌ๐จ๐ฆ๐ ๐๐๐ฏ๐ข๐๐ ๐๐ง๐ ๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐๐ฆ๐๐ง๐ญ."
- Rupal Bhansali, Non-Consensus Investing: Being Right When Everyone Else Is Wrong
Overview
Non-consensus thinking has resulted in breakthrough successes in science, sports, and silicon valley. Rupal shows how to apply it to the world of investing, to maximize returns while minimizing risk. She illustrates how misdiagnosing quality can be the mother of all mistakes or the mother-lode of all opportunities and how patience is the smart move, not the slow one.
Enjoy the replay of our Q1'22 #CWIM Original (above), ft. Rupal Bhansali, CIO of Ariel Investments, hosted by our friends at CFA Society Okanagan and CFA Society Saskatchewan!