Must Reads Friday May 29, 2009
Source: http://feedproxy.google.com/~r/ContrarianProfits/~3/xF8IoYsDeoY/17335Posted on Friday, May 29th, 2009 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -
- Krugman: The big inflation scare NYT
- David Fessler: how to hedge against inflation Investment U
- GDP sinks a 5.7% percent pace in 1Q AP
- Gold vs. Silver: There is no debate Seeking Alpha
- Will higher education be the next bubble to burst? Chronicle.com
- A stimulus we can believe in The American
- Peter Schiff to run for Senate in 2010? Capitol Watch
- Recovery not as easy as U, V, or W Financial Times
- US urges China to shop, not save WSJ
- Lessons from the economic crisis for regulators Mavercon
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.
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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