Burgundy Asset Management – Disagreeable Me

In a world that begs we take a consensus view, taking the road less travelled can be an uncomfortable choice socially and spiritually. In this View from Burgundy, Portfolio Manager David Vanderwood attempts to answer how to be a contrarian by investigating the rewards and challenges of taking an investment approach that defies the status quo.

KEY POINTS

• If you want to be a successful contrarian, be prepared to look wrong in the short term.
• Being disagreeable is non-negotiable if one is to withstand the inherent social pressure that is out there.
• Contrarian investing pays but is not easy.
• Human nature does not change.

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