Contrarian Investing Lesson From Steve Jobs: Think Differently

In investing, some of the biggest payoffs regularly come from doing the opposite of the crowd.

This is called “contrarian investing,” which I have personally learned about in conversations with some of the greats at this style over the years, like David Dreman, Marty Whitman, Irving Kahn and Seth Glickenhaus.

Contrarian investing isn’t for everyone.

For long periods of time you will be alone and you will feel wrong. It’s not a style of investing for people who need regular external confirmation of their views.

But the rewards are big when your contrarian bets pay off nicely because the crowd finally comes...