the Contrary Investor

August 8, 2007

Thought of the day

Filed under: General — contraryinvestor @ 7:23 am


I am currently contemplating other investments, but since people do seem to be reading the blog I feel obliged to post something. My main concern as people begin trickle into the site is that anyone reading this site proceed with caution and with a long term investment horizon (3-5 years). In the cases where options are discussed the longest dated available options are by far the most prudent and where possible LEAPS are preferred.

And now… a thought on contrarian investing:

“There is a very important difference between being a theoretical contrarian and dealing with it in practical terms. In order to win as a contrarian, you need the right timing and you have to put on a position in the appropriate size. If you do it too small it’s not meaningful; if you do it too big, you can get wiped out if your timing is slightly off. The process requires courage, commitment, and an understanding of your own psychology”

Michael Steinhardt


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: