Published: 2023-12-20
Why Contrarians Are Good at Investing
"Shall I tell you how to become rich? Close the door (don't listen to others)""
"Be fearful when others are greedy, and be greedy when others are fearful."
"I buy stocks when lemmings (the rat pack) are heading somewhere else."
- Warren Buffett
"It takes tremendous courage to buy when others are desperately selling and to sell when others are greedily buying, but the rewards are just as great."
"The worse the situation gets, the easier the reversal and the greater the profit."
- George Soros
"Everyone has the intelligence to make money in stocks. But not everyone has the temperament for it. If you are the type who panics and sells everything, do not buy stocks or mutual funds at all."
- Peter Lynch
