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Must Reads Friday, July 31, 2009

Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/EYZKKN149GU/19586
Posted on Friday, July 31st, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -

I’ve been an optimist on China. But I’m starting to worry FT

Jim Rogers and Marc Faber agree: stay out of China The Daily Crux

This too shall pop, part 2 The Daily Reckoning

Pearlstein: Wall Street is at it again The Washington Post

Bill Gross’s favorite asset class The Daily Crux

Value guru’s Tweedy Brown quarterly commentary [pdf] Tweedy Brown

Oil companies still making piles of money Investment U

US GDP at minus 1% Naked Capitalism

Bank bonus tab: $33 billion WSJ

Consensus on the Treasury debt bubble Whiskey and Gunpowder

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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