Are they worthy of a small allocation in your portfolio?'Don't try to catch a falling knife. It's one of the oldest saws on Wall Street. But to make a lot of money, sometimes you have to get a little bloody."
So say contrarians like Brian Singer. The risk is great, "but the return is of such an astounding magnitude, you're willing to do it,” says Mr. Singer, manager of the William Blair Macro Allocation Fund (WMCNX).
Mr. Singer, for one, recently put 19% of his $355 million fund in the Indian rupee, which has lost 30% of its value in the past two years.“People are saying the U.S. is the only source of growth and stability in the world,” says Mr. Singer. “We think they're going to be surprised next year at how volatile growth stocks can be.”
Spoken like a true contrarian.
Also mentioned HDPCX and Research Affiliates, which oversees some $57 billion in a contrarian style for Pimco Funds.
The 2014 contrarian investment tour, from rupees to copperhttp://www.investmentnews.com/article/20131213/FREE/131219943?template=printart
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Ted
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