Must Reads August 17, 2009
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/77-G7hJLZqY/19938Posted on Monday, August 17th, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -
Remembering the Reagan bull market WSJ
Medicine is working, but US economy isn’t healthy yet WSJ
Jim Rogers on the number one reason commodities will soar The Daily Crux
George Soros makes a big bet on oil The Daily Crux
An update on Warren Buffett’s holdings 24/7 Wall St
The coming foreclosure wave Economic Populist
The most and least heavily shorted Russell 1,000 stocks Bespoke Investment Group
Is this the start of the big one? Naked Capitalism
Roubini: A phantom economic recovery RGE Monitor
What the boys at Brookfield Asset are saying about real estate Guru Focus
Last 5 posts by Contrarian Profits
- The Biggest Financial Deception of the Decade - January 7th, 2010
- Bernanke’s Folly – Bursting the Housing Bubble or ‘Why more regulation isn’t the answer’ - January 6th, 2010
- Commercial Real Estate – why now’s the time to buy! - January 4th, 2010
- The Trade of the Decade - December 29th, 2009
- The Real Story Behind Solar Energy in 2010 - December 28th, 2009
ContrarianProfits.com is a financial news and opinion website with a twist. As investment guru Rick Rule puts it, “You are either a contrarian or a victim.” In the financial world, most people are losers because they just don’t know what game they’re playing. They think they can just get “into the market” along with everyone else, do what everyone else does, and they will make money. Not likely. By the time you’ve paid commissions, spreads, fees, taxes – and suffered the consequences of inflation – you’ll be very lucky just to have as much money as you started with.
ContrarianProfits.com is a contrarian site, in the sense that we provide ideas, opinions and recommendations that often run counter to the mainstream financial press. We do this not just to be contrary, but because we’ve realized that Rick is right. You don’t make money by following the crowd; you make money by leading it.
Why is this so? Well, it’s obvious that if you do the same thing everyone else does you’ll get the same results everyone else gets. On average, and over the long run, real investment returns for the typical investor cannot exceed the rate of growth of the economy itself. Everybody can’t get richer faster than everybody else. Real economic growth in the US today averages about 3% per year; if you don’t make any mistakes, that’s about what you can expect. Few people may be satisfied with 3% per year, but most feel comfortable in the middle of the financial herd and are happy to take whatever that gets them. If you’re one of those people, you will probably not like our site. It will make you uncomfortable.
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