Must Reads Friday, July 24, 2009
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/d23Q5O4RejM/19438Posted on Friday, July 24th, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -
A worldwide bubble in everything The Daily Reckoning
Goldman Sachs pays off Fed and Buffet Fundmastery Blog
Mortgage defaults may trump the Fed Whiskey and Gunpowder
GE’s outrageous bailout situation The Daily Crux
David Sprout on the Depression [video] BNN
Spain unemployment at 22% by 2010 Naked Capitalism
Lack of ambition leaves Europe in the slow lane FT
These safe income stocks are yielding over 8% The Daily Crux
Another crack opening? Financial Armageddon
Stock traders profit with computers set at high speed NYT
Last 5 posts by Contrarian Profits
- How and Why China Will Flood the Gold Market - November 25th, 2009
- Gold – getting in while the bull’s still hot - November 25th, 2009
- Gold – Not the end, but possibly a correction - November 24th, 2009
- How do retail sales stack up in an atypical recovery? - November 24th, 2009
- The Best Energy Investments in the World - November 23rd, 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.
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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