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2007 Contrarian Portfolio: Performance Update

The market has not been kind to our 2007 contrarian portfolio.

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If you don't have anything nice to say, don't say anything at all. Wise advice in general--but if we took that to heart regarding our 2007 contrarian portfolio, our update would end right here.

The danger of providing quarterly updates on a long-term, contrarian-based portfolio is that the short-term results have a good chance of looking quite ugly. This continued to be the case during the past three months as we most certainly have not been in a contrarian market.

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Patrick O'Shaughnessy does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.