So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
May 30, 2012
“In seeking to avoid the dangers of crowd action, remember that a majority opinion can be sustained. Unanimity of opinion is more vulnerable to a contrary surprise.”
The quote above is from Contravisory founder Ed Noonan’s 10 Rules for Investing. Considering the record amount of anticipation and speculation...