Contrarianism

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Smith1776
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Contrarianism

Post by Smith1776 » Tue Sep 17, 2019 6:48 pm

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. ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^
Check out the Goldsmith PP: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9613
The government causing inflation and giving us TIPS is like breaking our legs and giving us crutches.
Broscience -- Word of mouth knowledge passed off as fact, primarily among bodybuilders + weightlifters.
Lily is the official mascot of the Gyroscopic Investing forum.
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dualstow
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Re: Contrarianism

Post by dualstow » Tue Sep 17, 2019 8:05 pm

I only needed to see the title. O0 Yes.
”My option is to displace the mayor of New York City and bring in the National Guard -- as the governor, in a state of emergency -- and basically take over the mayor's job," Cuomo said. He quickly added that, "I don't think we are at that point,"
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dualstow
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Re: Contrarianism

Post by dualstow » Tue Sep 17, 2019 8:07 pm

P.S. you got me curious, so i looked:

search.php?keywords=costanza
”My option is to displace the mayor of New York City and bring in the National Guard -- as the governor, in a state of emergency -- and basically take over the mayor's job," Cuomo said. He quickly added that, "I don't think we are at that point,"
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Smith1776
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Re: Contrarianism

Post by Smith1776 » Tue Sep 17, 2019 9:08 pm

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. ^-^
Check out the Goldsmith PP: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9613
The government causing inflation and giving us TIPS is like breaking our legs and giving us crutches.
Broscience -- Word of mouth knowledge passed off as fact, primarily among bodybuilders + weightlifters.
Lily is the official mascot of the Gyroscopic Investing forum.
boglerdude
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Re: Contrarianism

Post by boglerdude » Wed Sep 18, 2019 4:05 am

Value investors mocked the Facebook IPO, but it's outperformed?

https://www.businessinsider.com/faceboo ... ary-2018-5
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Smith1776
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Re: Contrarianism

Post by Smith1776 » Wed Sep 18, 2019 4:43 am

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.
Check out the Goldsmith PP: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9613
The government causing inflation and giving us TIPS is like breaking our legs and giving us crutches.
Broscience -- Word of mouth knowledge passed off as fact, primarily among bodybuilders + weightlifters.
Lily is the official mascot of the Gyroscopic Investing forum.
Datura
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Re: Contrarianism

Post by Datura » Wed Sep 18, 2019 3:44 pm

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.
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