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Must Reads Friday, July 10, 2009

Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/iVj1PKIKHno/19011
Posted on Monday, July 13th, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -

Let’s treat borrowers like adults WSJ

Obama can’t be trusted with the numbers WSJ

DC and the Fed manipulating interest rates Whiskey and Gunpowder

Goldman principal trading down 60% Zero Hedge

The Goldman code bombshell The Market Ticker

The man nobody wanted to hear Spiegel Online

Casting blame, part 1 Daily Reckoning

The Pickens’ plan: where are we one year later
Investment U

Great overview of Jim Roger’s holdings The Daily Crux

Marc Faber’s favorite investments
The Daily Crux

Last 5 posts by Contrarian Profits





About Contrarian Profits (http://contrarianprofits.com)

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.

If, on the other hand, you’re willing to look at things a little differently, you’ll appreciate the views of many of our columnists, contributors and visionaries.

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