Patience is a virtue -- in value investing

Klaus Reiner Schenk-Hoppê; Thorsten Hens

doi:10.1111/irfi.12251

Patience is a virtue -- in value investing

Klaus Reiner Schenk-Hoppê, Thorsten Hens

Economics

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Abstract

This note illustrates a simple but important insight for financial investment. In a heterogeneous agent-based evolutionary finance market model with long-lived assets, markets are stable if clients of fundamental (`value') investment funds are more patient than clients of other funds.

Original language	English
Journal	International Review of Finance
Early online date	21 Dec 2018
DOIs	https://doi.org/10.1111/irfi.12251
Publication status	Published - 2018

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Patience is a virtue -- in value investing

Abstract

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