Think you're seeing something others aren't? Morgan Housel offers some contrary thinking about that subject that is interesting to consider: When Everyone Wants to Be Different
"Real contrarianism doesn't happen when you buy a stock that fell 10%. It happens when your clients threaten to sue you for negligence, your friends stop calling, and your wife wishes you'd find a new career." But he also says there is a silver lining: "A market that generally agrees with you can still offer a nice long-term return, especially if your edge is found in being more patient than the crowd, rather than trying to outsmart it."
How good is your investment club at being patient? |