I'm a contrarian bottom-fisherman. I like to imagine which companies will be around when the world comes to an end (and it will); therefore if I created a fund it would be named "EOWCBF Fund, or "End of World Contrarian Bottom-Fisher Fund". - Okay, I'm not always this crazy. How are you today?
But seriously. I love the way so many people can get the market wrong. Most of the time it doesn't matter how many letters follow your name, how many Nobel prizes one has earned in economics or how 'right' you might've been in the past. (see Warren Buffett and his Conico Philips call at the height of the energy bubble). I love the way it is not always rational or follows pre-determined technical patterns. I like the way a fundamentally sound company stock could (and has recently) underperform the less sound company stock. I like the way that making money investing is more an exercise in human phychology than anything else. When no one buys the same stock you own but instead buys another, one couldargue that the crowd is wrong, but wouldn't make a lot of money that way!
But seriously. I love the way so many people can get the market wrong. Most of the time it doesn't matter how many letters follow your name, how many Nobel prizes one has earned in economics or how 'right' you might've been in the past. (see Warren Buffett and his Conico Philips call at the height of the energy bubble). I love the way it is not always rational or follows pre-determined technical patterns. I like the way a fundamentally sound company stock could (and has recently) underperform the less sound company stock. I like the way that making money investing is more an exercise in human phychology than anything else. When no one buys the same stock you own but instead buys another, one couldargue that the crowd is wrong, but wouldn't make a lot of money that way!