IMPORTANCE OF BEING A CONTRARIAN – Market Mondays w/ Ian Dunlap

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Can you talk to us about Um The Importance of Being a contrarian In the facing conventional wisdom the Greatest investors in the world uh Generally are contrarians so contrarians Take a view that's different than the Average Common Sense wisdom today for Example the common sense wisdom that the Average investor would have is get out Of the stock market sell whatever you Have the economy's going to hell in a Hand basket and we're going to be in a Recession the smart investors would say Now is the time to come in buy things at A discount and eventually in the Recession is always end and eventually In three or four years you'll have Bought something at 50 cents on a dollar And in two or three years it'll be worth Three dollars something like that so That's what a contrarian goes against The conventional wisdom

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