Can They all be ‘Shit-heads’? Learning to be a Contrarian Investor

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

This article seeks to explain one of the sensibilities or dispositions that novices learn in the process of becoming financiers, namely, to be a contrarian. We will review investment pitches from an American undergraduate collegiate investment fund, interviews with some members of the club, and field notes from a few of their outings, and treat instances of their contrariness as moments in their process of going from non-investors to investors, moments in which they experiment with and learn new social habits, identities and practices. Moreover, we connect this contrariness with a much longer tradition in the formation of an identity and subjectivity as an investor. More than any simple technology of thought to be deployed in a particular situation, contrarianism is a thoroughgoing mode of framing and understanding life, both in investment contexts and beyond, which we suggest was born between the 1880s and 1940s and has persisted in various forms to this day. This paper offers two instances of how someone becomes contrary, and suggests that contrarianism may be a fairly typical way for humans to make sense of financial markets.
OriginalsprogEngelsk
TidsskriftJournal of Cultural Economy
Vol/bind12
Udgave nummer6
Sider (fra-til)491-507
Antal sider17
ISSN1753-0350
DOI
StatusUdgivet - dec. 2019

Bibliografisk note

Published online: 18. September 2019

Emneord

  • Investors
  • Contrarian investing
  • Value investing
  • Learning
  • Contrarianism

Citer dette

@article{c8d33a95aa584b7e8a69a26d5686d631,
title = "Can They all be ‘Shit-heads’?: Learning to be a Contrarian Investor",
abstract = "This article seeks to explain one of the sensibilities or dispositions that novices learn in the process of becoming financiers, namely, to be a contrarian. We will review investment pitches from an American undergraduate collegiate investment fund, interviews with some members of the club, and field notes from a few of their outings, and treat instances of their contrariness as moments in their process of going from non-investors to investors, moments in which they experiment with and learn new social habits, identities and practices. Moreover, we connect this contrariness with a much longer tradition in the formation of an identity and subjectivity as an investor. More than any simple technology of thought to be deployed in a particular situation, contrarianism is a thoroughgoing mode of framing and understanding life, both in investment contexts and beyond, which we suggest was born between the 1880s and 1940s and has persisted in various forms to this day. This paper offers two instances of how someone becomes contrary, and suggests that contrarianism may be a fairly typical way for humans to make sense of financial markets.",
keywords = "Investors, Contrarian investing, Value investing, Learning, Contrarianism, Investors, Contrarian investing, Value investing, Learning, Contrarianism",
author = "Daniel Souleles and {Bondo Hansen}, Kristian",
note = "Published online: 18. September 2019",
year = "2019",
month = "12",
doi = "10.1080/17530350.2019.1646157",
language = "English",
volume = "12",
pages = "491--507",
journal = "Journal of Cultural Economy",
issn = "1753-0350",
publisher = "Routledge",
number = "6",

}

Can They all be ‘Shit-heads’? Learning to be a Contrarian Investor. / Souleles, Daniel; Bondo Hansen, Kristian.

I: Journal of Cultural Economy, Bind 12, Nr. 6, 12.2019, s. 491-507.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

TY - JOUR

T1 - Can They all be ‘Shit-heads’?

T2 - Learning to be a Contrarian Investor

AU - Souleles, Daniel

AU - Bondo Hansen, Kristian

N1 - Published online: 18. September 2019

PY - 2019/12

Y1 - 2019/12

N2 - This article seeks to explain one of the sensibilities or dispositions that novices learn in the process of becoming financiers, namely, to be a contrarian. We will review investment pitches from an American undergraduate collegiate investment fund, interviews with some members of the club, and field notes from a few of their outings, and treat instances of their contrariness as moments in their process of going from non-investors to investors, moments in which they experiment with and learn new social habits, identities and practices. Moreover, we connect this contrariness with a much longer tradition in the formation of an identity and subjectivity as an investor. More than any simple technology of thought to be deployed in a particular situation, contrarianism is a thoroughgoing mode of framing and understanding life, both in investment contexts and beyond, which we suggest was born between the 1880s and 1940s and has persisted in various forms to this day. This paper offers two instances of how someone becomes contrary, and suggests that contrarianism may be a fairly typical way for humans to make sense of financial markets.

AB - This article seeks to explain one of the sensibilities or dispositions that novices learn in the process of becoming financiers, namely, to be a contrarian. We will review investment pitches from an American undergraduate collegiate investment fund, interviews with some members of the club, and field notes from a few of their outings, and treat instances of their contrariness as moments in their process of going from non-investors to investors, moments in which they experiment with and learn new social habits, identities and practices. Moreover, we connect this contrariness with a much longer tradition in the formation of an identity and subjectivity as an investor. More than any simple technology of thought to be deployed in a particular situation, contrarianism is a thoroughgoing mode of framing and understanding life, both in investment contexts and beyond, which we suggest was born between the 1880s and 1940s and has persisted in various forms to this day. This paper offers two instances of how someone becomes contrary, and suggests that contrarianism may be a fairly typical way for humans to make sense of financial markets.

KW - Investors

KW - Contrarian investing

KW - Value investing

KW - Learning

KW - Contrarianism

KW - Investors

KW - Contrarian investing

KW - Value investing

KW - Learning

KW - Contrarianism

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=1000000000281029&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

U2 - 10.1080/17530350.2019.1646157

DO - 10.1080/17530350.2019.1646157

M3 - Journal article

VL - 12

SP - 491

EP - 507

JO - Journal of Cultural Economy

JF - Journal of Cultural Economy

SN - 1753-0350

IS - 6

ER -