On 2010-12-29, CaveLamb wrote:
Ignoramus24647 wrote:
On 2010-12-29, Joseph Gwinn wrote:
http://www.amazon.com/Intelligent-In...Counsel/dp/006
0155477
Joe Gwinn
I am a big fan of the ideas espoused in Intelligent Investor.
I suspected as much. You are now knighted a Contrarian.

May the House of Igor prosper.

And same to you, too. Being a contrarian, lowers the risk, as the
riskiest thing to do is to do what everyone else is doing.

i


Worked (big time, I mean BIG BIG TIME) for Michael Lewis!

See "The Big Short"
http://en.wikipedia.org/wiki/The_Big_Short

All he did was what the Ratings people were supposed to be doing.
For about 3 years, IIRC.

Michael Lewis wrote a great book about it. He did not speculate on
housing market. The book is most educational and well written.

All you have to do is figure out where people are playing follow-the-leader
in a bubble buildup.

And bet against them.

While this is true, I personally no longer, ever, sell anything short,
regardless of how smart it seems to be. I consider the risk, and
heartburn, form short selling, to make it not worth it.

i