The Lakonishok Approach to Value Investing: A Payoff for Patience

    by Wayne A. Thorp

    The Lakonishok Approach To Value Investing: A Payoff For Patience Splash image

    Josef Lakonishok and his colleagues are quickly dispelling the adage “those who can’t do, teach.”

    Lakonishok, a professor at the University of Illinois at Urbana-Champaign, along with fellow academicians Andrei Shleifer of Harvard University and Robert Vishny of the University of Chicago, formed LSV Asset Management in 1994. The firm uses quantitative models to find value-oriented companies and has seen its assets under management balloon to $61 billion as of June 30 from just over $6 billion in 2001—an impressive increase of over 900%.

    Lakonishok is a contrarian investor who believes that investors with patience can profit from a value-oriented investment approach.

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