2016 and The Limitations of Contrarianism by LST

I find writing immensely therapeutic. and after the last two weeks of banging my head against the wall on a daily basis, I really could use some therapy. Writing may even help me recover from the brain-damage resulting from all this head-banging.

I’ve always had the (un)natural tendency to do or think the opposite of what others think or do. I’ve tended to be contrarian before I even knew the word existed.

What I learned over the years, regarding contrarianism for the purpose of investment/trading:

• It often leads to losing $ (i.e. “permanent capital impairment”). See oil equity longs circa 12 months ago, and ever since.
• It tends to be a necessary (but insufficient) characteristic...
  

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