The Significance of Swimming Against the Current
Oct 16th, 2008 | By Chris Mayer | Category: Investing Strategies, Macroeconomics
Contrarian thinking is an important ingredient to investment success. Running against the crowd often produces investment success…but not always. The essence of a contrarian investment approach is, as author Humphrey Neill memorably put it, “When everyone thinks alike, everyone is likely to be wrong.”
“Everyone” in Wall Street parlance usually means ...read more
