Talk:Contrarian
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I removed the phrase that was saying that contrarians had missed most of the rise from WWII. It is not true since the fact that this long rise was punctured by crashes, corrections and consolidations that keep widespread pessimism alive most of the time.
I remove the part that contrarian were against market trend and put that they were against crowd view. It's a commun error to think that contrarians bet on reversal of the trend all the way up. Most of the time, the crowd turn bullish near the end of the trend.
I added a little more detail about how contrarians capitalize on market overreaction, as opposed to simply betting blindly against the market trend. In fact, the contrarian often profits from overall trends by investing in assets that have been temporarily overlooked.
[edit] The Links Should Be Changed
The links at the end of this page don't make any sense to me. Individualism has little to do with contrarianism. Noam Chomsky is certainly controversial, but I don't think he's considered a contrarian. I don't know anything about Barry Sussman, but his wikipedia page suggests he's notable for fraud, not for contrarian investing. Also, the external link strikes me as advertising. Kyle J Moore 02:02, 27 March 2007 (UTC)
