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Having 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 o
by shapefrog 5y ago
Having 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.