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It depends on how many would want to invest in those companies and how many wouldn't. If you have 10000 buyers but 100000 that wouldn't touch it with a ten foot
by cinntaile 5y ago
It depends on how many would want to invest in those companies and how many wouldn't. If you have 10000 buyers but 100000 that wouldn't touch it with a ten foot pole then those 10000 buyers are still contrarians.
(Partly) cashing out isn't by definition contrarian.
- shapefrog 5y agoHaving 0 position is not the opposite of having 100 shares; -100 shares is the opposite. By your definition owning an iPhone is contrarian, because there are only 1billion people with iPhones.
- cinntaile 5y agoContrarian just means holding a position the majority doesn't hold. Although reality is not that clearcut as you aptly pointed out. Most investors didn't think Facebook or Tesla were good investments, hence investing in those stocks is a contrarian position. To use your example, I would consider choosing to not use a smartphone to be a contrarian position while having an iPhone is not.