by Jon S. Strebler
Contrary opinion, in short, is looking for times and places where almost everyone is doing the same thing, and then choosing to do the opposite. The concept gets mixed reviews in the world of investing. On the one hand, we’re supposed to follow the trend, which pretty much equates to going with the majority. We are assured over and over again that this is the true way to big profits. Yet we are warned to watch out when everyone is saying the same thing; “If it’s obvious to everyone, it’s obviously wrong” was the old investing adage I learned long ago, and one way contrary opinion could be expressed.