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Contrarianism

Posted: Tue Sep 17, 2019 6:48 pm
by Smith1776
Contrarianism. It's the quality that is often touted as being necessary for being a successful investor. The ability to detach yourself from the crowd temperamentally and do the opposite of what one's instincts and emotions are telling them to do.

This is a quality that almost every investor enunciates and pays lip service to, but seldom follows through with.

Ladies and gents of the forum, I present to you the ultimate paragon of this self-discipline and control.

I have found THE ULTIMATE intelligent investor:

https://youtu.be/SclV-UWM4Gw

Watch the whole thing (it's short), and enjoy. ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^

Re: Contrarianism

Posted: Tue Sep 17, 2019 8:05 pm
by dualstow
I only needed to see the title. O0 Yes.

Re: Contrarianism

Posted: Tue Sep 17, 2019 8:07 pm
by dualstow
P.S. you got me curious, so i looked:

search.php?keywords=costanza

Re: Contrarianism

Posted: Tue Sep 17, 2019 9:08 pm
by Smith1776
dualstow wrote:
Tue Sep 17, 2019 8:07 pm
P.S. you got me curious, so i looked:

search.php?keywords=costanza
MOVE OVER, Warren Buffett. I have NEW investment hero now. ^-^

Re: Contrarianism

Posted: Wed Sep 18, 2019 4:05 am
by boglerdude
Value investors mocked the Facebook IPO, but it's outperformed?

https://www.businessinsider.com/faceboo ... ary-2018-5

Re: Contrarianism

Posted: Wed Sep 18, 2019 4:43 am
by Smith1776
Facebook is therefore a "Costanza Stock".

I'm officially coining that term on this forum.

While I'm at it I think I'm going to start building up my Costanza Wallet by packing it with my gold bullion.

Re: Contrarianism

Posted: Wed Sep 18, 2019 3:44 pm
by Datura
If you think about it, value investing is only possibly if everyone else is wrong but you are right. It's like contrarianism is the simplified superstitious version of expert value investing.