{"id":8671,"date":"2024-12-03T19:37:44","date_gmt":"2024-12-03T18:37:44","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=8671"},"modified":"2025-01-05T21:11:21","modified_gmt":"2025-01-05T20:11:21","slug":"kontrarianske-investovani-investicni-strategie-uspesnych","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/kontrarianske-investovani-investicni-strategie-uspesnych\/","title":{"rendered":"Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed \u2013 strategie \u00fasp\u011b\u0161n\u00fdch"},"content":{"rendered":"<p>Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed je strategie zalo\u017een\u00e1 na principu j\u00edt proti p\u0159evl\u00e1daj\u00edc\u00edmu tr\u017en\u00edmu sentimentu a lidsk\u00e9mu davu. Jednodu\u0161e \u0159e\u010deno &#8211; <strong>nakupovat, kdy\u017e ostatn\u00ed prod\u00e1vaj\u00ed, a prod\u00e1vat, kdy\u017e ostatn\u00ed nakupuj\u00ed<\/strong>. Tento p\u0159\u00edstup proslavil p\u0159edev\u0161\u00edm Warren Buffett sv\u00fdm slavn\u00fdm cit\u00e1tem: &#8222;Bu\u010fte chamtiv\u00ed, kdy\u017e jsou ostatn\u00ed vystra\u0161en\u00ed, a vystra\u0161en\u00ed, kdy\u017e jsou ostatn\u00ed chamtiv\u00ed.&#8220;<\/p>\n<h2>Pro\u010d to funguje?<\/h2>\n<ul class=\"my-list\">\n<li class=\"whitespace-normal break-words\">Lidsk\u00e1 psychologie a davov\u00e9 chov\u00e1n\u00ed vedou k p\u0159ehnan\u00fdm reakc\u00edm na trhu<\/li>\n<li class=\"whitespace-normal break-words\">Strach a chamtivost vytv\u00e1\u0159\u00ed extr\u00e9mn\u00ed situace, kdy se ceny v\u00fdznamn\u011b odchyluj\u00ed od fundament\u00e1ln\u00ed hodnoty<\/li>\n<li class=\"whitespace-normal break-words\">Trp\u011bliv\u00ed investo\u0159i mohou t\u011bchto situac\u00ed vyu\u017e\u00edt ve sv\u016fj prosp\u011bch<\/li>\n<\/ul>\n<p>Ka\u017ed\u00fd investi\u010dn\u00ed trh proch\u00e1z\u00ed charakteristick\u00fdm <strong>cyklem emoc\u00ed<\/strong>, kter\u00fd za\u010d\u00edn\u00e1 obdob\u00edm optimismu, kdy investo\u0159i vid\u00ed r\u016fst a cht\u011bj\u00ed b\u00fdt sou\u010d\u00e1st\u00ed prob\u00edhaj\u00edc\u00edho \u00fasp\u011bchu. Tento optimismus postupn\u011b p\u0159er\u016fst\u00e1 <strong>do vrcholu euforie<\/strong>, b\u011bhem kter\u00e9ho prakticky v\u0161ichni nakupuj\u00ed a m\u00e9dia jsou pln\u00e1 pozitivn\u00edch zpr\u00e1v.<\/p>\n<p>N\u00e1sleduje <strong>prvn\u00ed propad<\/strong>, p\u0159i kter\u00e9m v\u011bt\u0161ina investor\u016f st\u00e1le v\u011b\u0159\u00ed v r\u016fst a &#8222;kupuje pokles&#8220;. Kdy\u017e <strong>propad pokra\u010duje, nast\u00e1v\u00e1 f\u00e1ze paniky s masivn\u00edmi v\u00fdprodeji<\/strong>, kdy ceny \u010dasto padaj\u00ed hluboko pod re\u00e1lnou hodnotu aktiv. Cyklus kon\u010d\u00ed depres\u00ed, ve kter\u00e9 je sentiment extr\u00e9mn\u011b <strong>negativn\u00ed<\/strong> a m\u00e1lokdo m\u00e1 odvahu investovat.<\/p>\n<div id=\"attachment_8672\" style=\"width: 693px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8672\" class=\"wp-image-8672 size-full\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian.png\" alt=\"\" width=\"693\" height=\"522\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian.png 693w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-150x113.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-53x40.png 53w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-450x338.png 450w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-570x430.png 570w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-42x32.png 42w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-106x80.png 106w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/netflix-kontrarian-179x135.png 179w\" sizes=\"auto, (max-width: 693px) 100vw, 693px\" \/><\/a><p id=\"caption-attachment-8672\" class=\"wp-caption-text\">Akcie Netflixu za\u017eily dramatick\u00fd v\u00fdvoj \u2013 jejich hodnota klesla o 70 %, aby n\u00e1sledn\u011b vzrostla t\u00e9m\u011b\u0159 o 400 %. Tento v\u00fdvoj je p\u0159\u00edkladem kontrari\u00e1nsk\u00e9ho p\u0159\u00edstupu, kdy investo\u0159i, kte\u0159\u00ed nakoupili v dob\u011b nejv\u011bt\u0161\u00edho poklesu, mohli dos\u00e1hnout v\u00fdznamn\u00fdch zisk\u016f.<span style=\"font-size: 16px;\">\u00a0<\/span><\/p><\/div>\n<h2>Kontrari\u00e1nsk\u00fd investor se zam\u011b\u0159uje na fundament<\/h2>\n<p>Pro \u00fasp\u011b\u0161n\u00e9 kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed je kl\u00ed\u010dov\u00e9 porozum\u011bt mechanismu fungov\u00e1n\u00ed trhu a um\u011bt identifikovat tr\u017en\u00ed extr\u00e9my. Je nutn\u00e9 pe\u010dliv\u011b sledovat valua\u010dn\u00ed ukazatele jako P\/E a P\/B, anal\u00fdzu sentimentu v m\u00e9di\u00edch, <strong>monitoring chov\u00e1n\u00ed retailov\u00fdch investor\u016f<\/strong> a sledov\u00e1n\u00ed tok\u016f pen\u011bz do fond\u016f.<\/p>\n<p>Nem\u00e9n\u011b d\u016fle\u017eit\u00e1 je d\u016fkladn\u00e1 <strong>fundament\u00e1ln\u00ed anal\u00fdza<\/strong>, kter\u00e1 se zam\u011b\u0159uje na hodnocen\u00ed skute\u010dn\u00e9 hodnoty aktiv, anal\u00fdzu konkuren\u010dn\u00ed pozice firem, posouzen\u00ed kvality managementu a zkoum\u00e1n\u00ed dlouhodob\u00fdch trend\u016f v odv\u011btv\u00ed. Jen kombinace t\u011bchto p\u0159\u00edstup\u016f umo\u017e\u0148uje kontrari\u00e1nsk\u00fdm investor\u016fm \u010dinit informovan\u00e1 rozhodnut\u00ed v dob\u011b, kdy v\u011bt\u0161ina trhu podl\u00e9h\u00e1 emoc\u00edm.<\/p>\n<div class=\"highlight-box\">Kontrari\u00e1n p\u0159i investov\u00e1n\u00ed jde proti proudu a \u010dasto stoj\u00ed s\u00e1m. Jeho n\u00e1zory se li\u0161\u00ed od v\u011bt\u0161iny, co\u017e ho stav\u00ed do nez\u00e1vid\u011bn\u00edhodn\u00e9 pozice outsidera. M\u00e1lokdo je ochotn\u00fd a schopn\u00fd n\u00e9st toto b\u0159emeno spole\u010densk\u00e9 izolace.<\/div>\n<h3>Jak zv\u00fd\u0161it \u0161anci na \u00fasp\u011bch?<\/h3>\n<p>\u00dasp\u011bch v kontrari\u00e1nsk\u00e9m investov\u00e1n\u00ed stoj\u00ed na t\u0159ech z\u00e1kladn\u00edch pil\u00ed\u0159\u00edch: <strong>spr\u00e1vn\u00e9m \u010dasov\u00e9m horizontu, d\u016fsledn\u00e9m risk managementu a discipl\u00edn\u011b<\/strong>. Poj\u010fme se pod\u00edvat, pro\u010d jsou tyto faktory tak z\u00e1sadn\u00ed pro ka\u017ed\u00e9ho, kdo chce investovat proti proudu.<\/p>\n<h3 class=\"font-600 text-xl font-bold\">Dlouhodob\u00fd horizont<\/h3>\n<p class=\"whitespace-pre-wrap break-words\">Strategie <strong>vy\u017eaduje minim\u00e1ln\u011b t\u0159\u00ed a\u017e p\u011btilet\u00fd investi\u010dn\u00ed horizont<\/strong>, co\u017e je pro mnoho investor\u016f t\u011b\u017ek\u00e9 p\u0159ijmout. V kr\u00e1tkodob\u00e9m horizontu mohou pozice v\u00fdznamn\u011b ztr\u00e1cet na hodnot\u011b a investor mus\u00ed m\u00edt trp\u011blivost a odvahu tyto propady p\u0159ekonat. Pr\u00e1v\u011b schopnost udr\u017eet dlouhodobou perspektivu a nenechat se rozhodit kr\u00e1tkodob\u00fdmi v\u00fdkyvy je to, co odd\u011bluje \u00fasp\u011b\u0161n\u00e9 kontrari\u00e1nsk\u00e9 investory od t\u011bch ne\u00fasp\u011b\u0161n\u00fdch.<\/p>\n<h3>Chytr\u00fd risk management<\/h3>\n<p>Investovat proti davu neznamen\u00e1 s\u00e1zet v\u0161echno na jednu kartu. Z\u00e1kladem rozumn\u00e9ho risk managementu je diverzifikace nap\u0159\u00ed\u010d r\u016fzn\u00fdmi sektory, kter\u00e1 pom\u00e1h\u00e1 sni\u017eovat riziko. Zku\u0161en\u00ed kontrari\u00e1ni nav\u00edc buduj\u00ed sv\u00e9 pozice postupn\u011b &#8211; nenakupuj\u00ed v\u0161e najednou, ale <strong>p\u0159ikupuj\u00ed v pr\u016fb\u011bhu \u010dasu. <\/strong><\/p>\n<p>D\u016fle\u017eitou sou\u010d\u00e1st\u00ed strategie je tak\u00e9 dr\u017een\u00ed \u010d\u00e1sti portfolia v hotovosti. Ta nen\u00ed jen bezpe\u010dn\u00fdm p\u0159\u00edstavem v bou\u0159liv\u00fdch \u010dasech, ale p\u0159edev\u0161\u00edm p\u0159edstavuje munici pro n\u00e1kup dal\u0161\u00edch aktiv, kdy\u017e se objev\u00ed nov\u00e9 p\u0159\u00edle\u017eitosti.<\/p>\n<h3>Discipl\u00edna jako kl\u00ed\u010d<\/h3>\n<p>T\u0159et\u00edm, mo\u017en\u00e1 nejd\u016fle\u017eit\u011bj\u0161\u00edm pil\u00ed\u0159em, je discipl\u00edna. Kontrari\u00e1nsk\u00fd investor mus\u00ed striktn\u011b <strong>dodr\u017eovat svou stanovenou strategii i v dob\u00e1ch, kdy se zd\u00e1, \u017ee cel\u00fd trh sm\u011b\u0159uje opa\u010dn\u00fdm sm\u011brem<\/strong>. To vy\u017eaduje mimo\u0159\u00e1dnou odolnost v\u016f\u010di negativn\u00edm zpr\u00e1v\u00e1m a schopnost dr\u017eet se sv\u00e9ho p\u0159esv\u011bd\u010den\u00ed navzdory p\u0159evl\u00e1daj\u00edc\u00edmu n\u00e1zoru. Disciplinovan\u00fd investor se nenech\u00e1 ovlivnit kr\u00e1tkodob\u00fdm medi\u00e1ln\u00edm hlukem a dr\u017e\u00ed se sv\u00e9 anal\u00fdzy a dlouhodob\u00e9 vize.<\/p>\n<div id=\"attachment_8805\" style=\"width: 904px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8805\" class=\"wp-image-8805 size-full\" title=\"kontrarianske-investovani-popis-investicni-strategie\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie.png\" alt=\"\" width=\"904\" height=\"496\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie.png 904w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-150x82.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-768x421.png 768w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-73x40.png 73w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-58x32.png 58w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-146x80.png 146w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/kontrarianske-investovani-popis-investicni-strategie-psychologie-246x135.png 246w\" sizes=\"auto, (max-width: 904px) 100vw, 904px\" \/><\/a><p id=\"caption-attachment-8805\" class=\"wp-caption-text\">Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed znamen\u00e1 hled\u00e1n\u00ed investi\u010dn\u00edch p\u0159\u00edle\u017eitost\u00ed v momentech, kdy trh zauj\u00edm\u00e1 k ur\u010dit\u00e9 firm\u011b, odv\u011btv\u00ed \u010di cel\u00e9mu sektoru negativn\u00ed postoj.<\/p><\/div>\n<h2>Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed b\u011bhem finan\u010dn\u00ed krize<\/h2>\n<p>Klasick\u00fdm p\u0159\u00edkladem \u00fasp\u011b\u0161n\u00e9ho kontrari\u00e1nsk\u00e9ho investov\u00e1n\u00ed jsou technologick\u00e9 akcie <strong>b\u011bhem dot-com bubliny v letech 2000-2002.<\/strong> V dob\u011b vrcholu bubliny dosahovaly valuace technologick\u00fdch firem astronomick\u00fdch v\u00fd\u0161in, s P\/E pom\u011brem p\u0159esahuj\u00edc\u00edm u n\u011bkter\u00fdch spole\u010dnost\u00ed hodnotu 100.<\/p>\n<p>Kdy\u017e bublina splaskla,<strong> i fundament\u00e1ln\u011b zdrav\u00e9 firmy zaznamenaly dramatick\u00fd propad o 80-90%<\/strong>. Pr\u00e1v\u011b v tomto obdob\u00ed nejv\u011bt\u0161\u00ed paniky za\u010dali kontrari\u00e1n\u0161t\u00ed investo\u0159i nakupovat kvalitn\u00ed technologick\u00e9 spole\u010dnosti za zlomek jejich p\u0159edchoz\u00ed hodnoty. Jejich odvaha se vyplatila, proto\u017ee mnoho t\u011bchto firem v n\u00e1sleduj\u00edc\u00edch letech n\u011bkolikan\u00e1sobn\u011b p\u0159ekonalo sv\u00e1 p\u016fvodn\u00ed maxima.<\/p>\n<h3>P\u0159\u00edklad 2: Finan\u010dn\u00ed krize 2008-2009<\/h3>\n<p>Podobn\u00fd sc\u00e9n\u00e1\u0159 se opakoval b\u011bhem <strong>finan\u010dn\u00ed krize v letech 2008-2009<\/strong>, kdy bankovn\u00ed sektor za\u017eil masivn\u00ed v\u00fdprodej a akcie bank klesly o 60-80%.<\/p>\n<p>V t\u00e9to dob\u011b u\u010dinil <strong>Warren Buffett<\/strong> jeden ze sv\u00fdch nejzn\u00e1m\u011bj\u0161\u00edch kontrari\u00e1nsk\u00fdch tah\u016f,<strong> kdy\u017e investoval 5 miliard dolar\u016f do <a href=\"https:\/\/www.forexsrovnavac.cz\/cs\/americke-akcie-kurzy\/goldman-sachs\">Goldman Sachs<\/a>.<\/strong> Tato investice se v n\u00e1sleduj\u00edc\u00edch letech zhodnotila o stovky procent, co\u017e perfektn\u011b ilustruje <strong>potenci\u00e1l kontrari\u00e1nsk\u00e9ho p\u0159\u00edstupu<\/strong> v dob\u011b extr\u00e9mn\u00edho pesimismu na trz\u00edch.<\/p>\n<div id=\"attachment_8783\" style=\"width: 678px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8783\" class=\"wp-image-8783 size-full\" title=\"Akcie Goldman Sachs Group\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1.png\" alt=\"\" width=\"678\" height=\"541\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1.png 678w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1-150x120.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1-50x40.png 50w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1-40x32.png 40w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1-100x80.png 100w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2024\/12\/akcie-goldman-sachs-v-dobe-financni-krize-2009-1-169x135.png 169w\" sizes=\"auto, (max-width: 678px) 100vw, 678px\" \/><\/a><p id=\"caption-attachment-8783\" class=\"wp-caption-text\">V\u00fdvoj akci\u00ed Goldman Sachs od finan\u010dn\u00ed krize 2009<\/p><\/div>\n<h2>Pro\u010d neinvestuj\u00ed v\u0161ichni jak kontrari\u00e1ni?<\/h2>\n<p>P\u0159esto\u017ee kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed nab\u00edz\u00ed potenci\u00e1l nadpr\u016fm\u011brn\u00fdch v\u00fdnos\u016f, <strong>v\u011bt\u0161ina investor\u016f tento p\u0159\u00edstup nevyu\u017e\u00edv\u00e1.<\/strong> Hlavn\u00ed p\u0159ek\u00e1\u017ekou jsou p\u0159edev\u0161\u00edm<strong> emocion\u00e1ln\u00ed bari\u00e9ry<\/strong> &#8211; investo\u0159i se p\u0159irozen\u011b boj\u00ed ztr\u00e1t a maj\u00ed tendenci vyhled\u00e1vat <strong>spole\u010densk\u00e9 potvrzen\u00ed sv\u00fdch rozhodnut\u00ed<\/strong>. J\u00edt proti davu vy\u017eaduje zna\u010dnou psychickou odolnost a schopnost p\u0159ekonat p\u0159irozenou averzi k riziku, co\u017e je pro mnoho lid\u00ed p\u0159\u00edli\u0161 n\u00e1ro\u010dn\u00e9.<\/p>\n<p>Profesion\u00e1ln\u00ed investo\u0159i a spr\u00e1vci fond\u016f nav\u00edc \u010del\u00ed v\u00fdznamn\u00fdm institucion\u00e1ln\u00edm p\u0159ek\u00e1\u017ek\u00e1m. Jsou pod neust\u00e1l\u00fdm tlakem na dosahov\u00e1n\u00ed kr\u00e1tkodob\u00fdch v\u00fdsledk\u016f a mus\u00ed pravideln\u011b vysv\u011btlovat sv\u00e1 investi\u010dn\u00ed rozhodnut\u00ed klient\u016fm nebo nad\u0159\u00edzen\u00fdm. Kontrari\u00e1nsk\u00fd p\u0159\u00edstup m\u016f\u017ee v kr\u00e1tkodob\u00e9m horizontu v\u00e9st ke ztr\u00e1t\u00e1m nebo pod v\u00fdkonnosti. <strong>Vysv\u011btlovat, pro\u010d nakupujete akcie, kter\u00e9 v\u0161ichni prod\u00e1vaj\u00ed, nen\u00ed jednoduch\u00fd \u00fakol.<\/strong><\/p>\n<p>V neposledn\u00ed \u0159ad\u011b existuj\u00ed i \u010dist\u011b praktick\u00e9 d\u016fvody, pro\u010d je kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed n\u00e1ro\u010dn\u00e9. Paradoxn\u011b v dob\u011b nejv\u011bt\u0161\u00edch p\u0159\u00edle\u017eitost\u00ed, tedy b\u011bhem tr\u017en\u00edch propad\u016f, maj\u00ed mnoz\u00ed investo\u0159i <strong>nedostatek voln\u00e9ho kapit\u00e1lu pro n\u00e1kupy<\/strong>. Spr\u00e1vn\u00e9 na\u010dasov\u00e1n\u00ed n\u00e1kup\u016f je tak\u00e9 mimo\u0159\u00e1dn\u011b obt\u00ed\u017en\u00e9 &#8211; nikdo p\u0159esn\u011b nev\u00ed, kde je dno trhu. Mnoho investor\u016f tak\u00e9 jednodu\u0161e nem\u00e1 dostate\u010dn\u00e9 zku\u0161enosti a znalosti pro vyhodnocen\u00ed fundament\u00e1ln\u00ed hodnoty aktiv v dob\u011b tr\u017en\u00edho stresu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed je strategie zalo\u017een\u00e1 na principu j\u00edt proti p\u0159evl\u00e1daj\u00edc\u00edmu tr\u017en\u00edmu sentimentu a lidsk\u00e9mu davu. Jednodu\u0161e \u0159e\u010deno &#8211; nakupovat, kdy\u017e ostatn\u00ed prod\u00e1vaj\u00ed, a prod\u00e1vat, kdy\u017e ostatn\u00ed nakupuj\u00ed. Tento p\u0159\u00edstup proslavil p\u0159edev\u0161\u00edm Warren Buffett sv\u00fdm slavn\u00fdm cit\u00e1tem: &#8222;Bu\u010fte chamtiv\u00ed, kdy\u017e jsou ostatn\u00ed vystra\u0161en\u00ed, a vystra\u0161en\u00ed, kdy\u017e jsou ostatn\u00ed chamtiv\u00ed.&#8220; Pro\u010d to funguje? Lidsk\u00e1 psychologie a davov\u00e9 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed - jak j\u00edt proti davu a usp\u011bt?","_seopress_titles_desc":"Kontrari\u00e1n je investor, kter\u00fd jde proti davu. Zjist\u011bte, jak poznat kontrari\u00e1nsk\u00e9 investov\u00e1n\u00ed a jak\u00e9 jsou jeho hlavn\u00ed principy.","_seopress_robots_index":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[194],"tags":[],"class_list":["post-8671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-akcie"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/8671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=8671"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/8671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/8676"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=8671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=8671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=8671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}