Contrarianism

General Discussion on the Permanent Portfolio Strategy

Moderator: Global Moderator

Post Reply
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3875
Joined: Fri Apr 21, 2017 6:01 pm

Contrarianism

Post 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. ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^ ^-^
You can never have too much money, ammo, or RAM.
Top
User avatar
dualstow
Executive Member
Executive Member
Posts: 15230
Joined: Wed Oct 27, 2010 10:18 am
Location: searching for the lost Xanadu
Contact:
Contact dualstow

Re: Contrarianism

Post by dualstow »

I only needed to see the title. O0 Yes.
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
Top
User avatar
dualstow
Executive Member
Executive Member
Posts: 15230
Joined: Wed Oct 27, 2010 10:18 am
Location: searching for the lost Xanadu
Contact:
Contact dualstow

Re: Contrarianism

Post by dualstow »

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

search.php?keywords=costanza
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
Top
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3875
Joined: Fri Apr 21, 2017 6:01 pm

Re: Contrarianism

Post 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. ^-^
You can never have too much money, ammo, or RAM.
Top
boglerdude
Executive Member
Executive Member
Posts: 1479
Joined: Wed Aug 10, 2016 1:40 am
Contact:
Contact boglerdude

Re: Contrarianism

Post by boglerdude »

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

https://www.businessinsider.com/faceboo ... ary-2018-5
Top
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3875
Joined: Fri Apr 21, 2017 6:01 pm

Re: Contrarianism

Post 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.
You can never have too much money, ammo, or RAM.
Top
Datura
Junior Member
Junior Member
Posts: 3
Joined: Mon Sep 16, 2019 3:06 pm

Re: Contrarianism

Post 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.
Top
Post Reply

Return to “Permanent Portfolio Discussion”