...So, You want to gamble your money? Pt. 4

By being a Contrarian, you may be forced to sit quietly on the opposite side of the bar from all your buddies that are taking al bonuses, but youre always getting value. You now have the edge on Wall Street, just as you have the edge over the bookmaker. You will grind out a nice living on Wall Street, just as youre now of grinding out a nice profit against the bookmaker. You are now living proof that there is no safety in numbers. If there were, the rnasses would rule the world.


The common masses of humanity are not driving Ferraris, living in mansions, or skiing in Aspen. In reality, the masses live lives of quiet desperation. They barely survive paycheck to paycheck. They retire dependent on social security or, if theyre really lucky, on a small pension. They rarely taste victory.


How many people do you know who retire to a life of grandeur? Who take four-month around-the-world cruises every year? Who stay at nothing but Ritz-Carlton, St. Regis, or Four Seasons hotels? Who play golf and tennis daily? Who live in a mansion with a butler, a maid, and a cook? The vast majority of people you know who struggle every day just to survive (or at best to keep up with the Joneses) are living proof that there is no safety in numberstherere just lots of losers, and almost no casino bonuses.


If your goal is success, poker bonuses and wealth, you must bet or invest against the crowds, not with them. By the way, theres one more big benefit to investing (and living) like a Contrarian: in the end, you wont be lonely eitheras a matter of fact, youll be the life of the party! The guy with all the money, buying the drinks, is always in demand! THE PUBLIC DOESNT UNDERSTAND THE IMPORTANCE OF TIMINGA HUGE MISTAKE.


Just like in sports wagering, timing on Wall Street is everything! This concept is an offshoot of the herd mentality discussed above. Not only does following the crowd get you slaughteredit also guarantees that you will fall victim to horrendous timing. This is where Benjamin Graham comes in. Graham was one of the great stock pickers of all time and the inventor of the term value investing. Grahams theory was simple: buy low, sell high. Find value in stocks nobody is looking at. . . yet.


Value is all about timing. When a stock is at an all-time low of $10 per share, it is often indicative of an overreaction by investors. One or two bad announcements and the masses think the sky is falling. They will immediately knock a perfectly good stock down from $50 per share to $10. Suddenly, an overvalued stock is undervalued. Why? Not because the fundamentals have changed, not because of a big pending announcement, but simply because no one wants the stock.


Ironically, now might be the ideal time to buy. When stocks are at their all-time lows, its because no one wants to own themyet if there is actual value in the stock, that is precisely when a smart investor buys! At the bottom, and against the crowds.

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