The Herd Is Always Wrong

There is a whole discipline or concept called contrarianism, the heart of which is doing the opposite of the herd. When stocks are ridiculously high and buied by excessive psychology, it's good to be a seller. But just as the herd is often wrong, you can't say that it's always wrong. The behaviour of the herd is not so dependably wrong that you can always do the opposite expect to make money safely. What i say in the memo is, it's kind olike with second level thinking. Your thinking about contrarianism has to be deeper and more complex, and, by definition, better than the person who just says, will let's do the opposite of