Patience Is a Virtue: In Value Investing

Thorsten Hens and Klaus R. Schenk‐Hoppé
Authors registered in the RePEc Author Service: Klaus Reiner Schenk-Hoppé

International Review of Finance, 2020, vol. 20, issue 4, 1019-1031

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.

Date: 2020
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Citations: View citations in EconPapers (3)

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https://doi.org/10.1111/irfi.12251

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Working Paper: Patience is a Virtue - In Value Investing (2018)
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