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Summary

Most investors are wrong most of the time. To be a true  contrarian investor, you know you wont be right all the  time. You know the market is The Great Humiliator and you expect to  be wrong 30-40% of the time. The difference though is that a  contrarian will be right more often than wrong. The real contrarian  knows markets look 3 to 40 months out and look hardest at the next  12 to 18 months. They know every earnings report, corporate action,  GDP release, etc. is baked in nanoseconds after its  released. They know its not a matter of whether things like  Obamacare are good or bad, because anything so widely discussed is  already priced in. They know infinite, unforeseeable technological  changes will collide to address whichever long-term thing everyone  fears. So they look at todays fundamental reality, and they  try to game how it will impact corporate earnings looking forward.  They look at sentiment and try to game whether its too  high or too low given where earnings will be. This is Beating the  Crowd.

Duration: about 9 hours (09:11:13)
Publishing date: 2022-07-07; Unabridged; Copyright Year: 2022. Copyright Statment: —

• Business & Economics