Jim O’Shaughnessy, chairman and co-CIO of O’Shaughnessy Asset Management, joins Real Vision’s Ed Harrison to discuss the proper investing mindset that is a prerequisite for sustained investment success. He proposes that volatile downswings in stocks is precisely why there is such a thing as an “equity risk premium.” O’Shaughnessy argues that investors who “follow the herd” are often destined for mediocre performance and that a more contrarian, counter-cyclical approach will lead to better results. Filmed on February 28, 2020, in New York.