“Be fearful when others are greedy, and get greedy when others are fearful”, proclaimed Warren Buffet, one of the greatest pioneers of investment strategies… And that is whom we call a Contrarian – Someone who contradicts the herd behavior.
At all times, there have always been people who differed from the views and ideologies of their fellow brethren. Most often than not, these people have went on to scale great heights than the rest. Standing out from the crowd is definitely not a walk in the garden, but a glide from a hilltop. We hear all sorts of noises about the adversities on course. However, as long as we are excited by the adventure in the journey, a glory awaits us at the valley-side.
Buying (at lower prices) when others are selling (out of fear of loss) and selling (at higher prices) when others are buying (expecting prices to rise in future) is the direct translation of the quote. Moreover, you’ll have an apprentice working for you – Luck favors the Brave, after all..
But it doesn’t end there, mates… You’ll be a tough competitor if you practice when your opponent also practices, You’ll be a champion if you practice also when your opponent is resting. That’s the power of persistence. Hold your stakes long, the more time we invest in something, the more returns it is going to earn for us…
If we’re wise enough to compound our stakes, it doesn’t take huge investments to reap you returns… All it takes is time and some real guts to stand the storm…
Venkatasubramanian V.