(RobertSinn) Being a “contrarian” in the markets has become quite popular recently. Many market participants seem to think that they must be smarter than any group of other market participants who share the same view. The logic goes something like “if everyone agrees and thinks the same thing then they cannot possibly be correct”- I believe this notion of contrarianism is very dangerous.
Full Story: On Being Contrarian (RobertSinn)
“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.” — Benjamin Graham
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