One of My Favorite Stock-Buying Strategies Just Won the Nobel Prize

This is big, and I'll show you why in a minute... University of Chicago heavyweight thinker Professor Richard H. Thaler just won the Nobel Prize for Economics. I read all the stories about Thaler's win with real interest. You see, I'm a big Thaler fan for one very good reason: When it comes to the economy and the stock market - and the role investor emotion plays - nobody "gets it" like Thaler. And right now, Thaler says he's "nervous" about stocks. "We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping," Thaler told Bloomberg Markets. "I admit to not understanding it." Take it from me: This is a guy you need to listen to. I have - for years. In fact, in our 1998 book, "Contrarian Investing: How to Buy and Sell When Others Won't and Make Money Doing It," my money manager co-author Anthony M. Gallea and I cited Thaler's work as a foundation for our out-of-favor stocks strategy. And after years of having his research and theories on behavioral finance ballyhooed by the "smart money," Thaler's views are now taken as investing gospel. However, elevating Thaler's cautionary comments to fire-drill status - and cashing out of stocks completely - may not be the answer, either. After all, members of the gloom-and-doom crowd have been predicting disaster for several years now - and have lost out on trillions in wealth as U.S. stocks have set one record after another. Don't panic. Indeed, take heart - there's a middle ground. And it's a good, profitable place to be. Unlike most "compromise" stances, our "middle-ground strategy" is a powerful one: We'll keep grabbing the gains as long as the bull market rages. And when the inevitable decline comes, we'll cash in while the rest of the crowd panics. So today, I want to show you more about this strategy we use constantly, pioneered by Professor - and now Nobel Laureate - Thaler. Drilling down into Prof. Thaler's savvy take on the stock market's inner workings is the perfect place to start... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post One of My Favorite Stock-Buying Strategies Just Won the Nobel Prize appeared first on Money Morning - We Make Investing Profitable .