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“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is.” —Warren Buffett, the Oracle of Omaha
Well, this is a pleasant surprise. Many stock market indices are hovering either at or near all time highs.
Successful investing near or at market tops is a skill worth having. Is it time to revisit your approach?
Most stock markets get their wings clipped periodically. Suddenly, interest in stocks has soared to lofty heights not seen before.
The question becomes “how does one invest in stocks now that most people are interested?” My view is that contrarian strategy delivers rewards in the long run.
Contrarian investors are very patient investors. They are not afraid to happily ‘zig’ when others want to ‘zag.’
Contrarians know that bulls and bears can swap chairs abruptly with little or no warning. Contrarians are content with either market direction.
