There's plenty of upside to being a contrarian, until there isn't.
Sometimes, it's worth considering that the popular opinion - the consensus view - may very well be the right view.
All tagged Contrarian thinking
There's plenty of upside to being a contrarian, until there isn't.
Sometimes, it's worth considering that the popular opinion - the consensus view - may very well be the right view.
Many times, there’s a real value to contrarian thinking.
In investment terms, the best time to buy is when the market is down and everyone is running for the doors. Or, in personnel terms, placing a bet on the young up-and-comer who’s been committed and loyal to the cause, when conventional wisdom says to go out and hire an established name.
But there are times when the contrarian approach doesn’t make sense, and despite our desire to do what we feel is right, we need to accept that we might actually be wrong.