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Reminds me of an investing strategy I came across on Wikipedia: https://en.wikipedia.org/wiki/Contrarian_investing https://en.wikipedia.org/wiki/Contrarian_inve
by btrettel 2y ago
Reminds me of an investing strategy I came across on Wikipedia: https://en.wikipedia.org/wiki/Contrarian_investing https://en.wikipedia.org/wiki/Contrarian_investing
> In "The Art of Contrary Thinking" (1954) by Humphrey B. Neill; considered influential by some in contrarian thinking, he notes it is easy to find something to go contrary to, but difficult to discover when everybody believes it.[2] He concludes "when everybody thinks alike, everybody is likely to be wrong."
- rbanffy 2y ago> He concludes "when everybody thinks alike, everybody is likely to be wrong." This is very dangerous. It's the same as saying "I am smarter than all those people who agree on X". You'd better be right.