To succeed as a contrarian you must recognize what the crowd believes, have concrete justification for why the majority is wrong, and have the patience and conviction to stick with what is, by definition, an unpopular bet.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.

Independent thinking is not just helpful in becoming a successful investor, it’s required.

To succeed as a contrarian you must recognize what the crowd believes, have concrete justification for why the majority is wrong, and have the patience and conviction to stick with what is, by definition, an unpopular bet.

If you are able to look beyond near term trouble, you have an advantage over many professional investors