Take a contrarian approach when necessary from "summary" of Security Analysis: Fifth Edition by Benjamin Graham,Sidney Cottle,David Le Fevre Dodd,Roger F. Murray,Frank E. Block,Martin L. Leibowitz
In investing, one must be prepared to go against the grain when the situation calls for it. This means having the courage to take a contrarian approach when necessary. While it may be tempting to follow the crowd and do what everyone else is doing, this can often lead to poor investment decisions. By taking a contrarian approach, one can potentially identify opportunities that others may have overlooked. This requires thinking independently and being willing to challenge conventional wisdom. It also involves being able to withstand criticism and doubt from others who may not understand or agree with your investment thesis. A contrarian approach can help invest...
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