The Lakonishok Approach to Value Investing: A Payoff for Patience
by Wayne A. Thorp
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 2001an impressive increase of over 900%.
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Lakonishok is a contrarian investor who believes that investors with patience can profit from a value-oriented investment approach.
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