Kontrarian Korner Kontrarian Korner #70 - John Polomny
Sep 17, 2025
Join independent investor John Polomny, known for his contrarian strategies and insights on global macroeconomics. He shares his thoughts on the overvaluation of U.S. markets and the potential of precious metals. Polomny highlights bullish trends in energy, especially offshore oil services, while cautioning against the overpriced residential real estate market. He explores undervalued international opportunities and discusses the political shifts that could impact economies. A thought-provoking conversation on navigating current and future trends!
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U.S. Markets Are Priced For Perfection
- US markets are extremely overvalued by many historical measures and will likely deliver lower 10-year forward returns.
- John Polomny prefers selling overvalued assets and buying undervalued ones to protect long-term returns.
Lesson From The Internet Bubble
- John recalls the internet bubble and message-board froth where investors valued companies with no revenue on eyeballs.
- He used that era to learn to avoid speculative manias and stick to value principles.
Sell Overvaluation, Buy Undervaluation
- Do sell what you judge overvalued and buy what you judge undervalued rather than chase speculative stories.
- Polomny builds income from coupons, dividends and covered calls while seeking cheap investments.
