Two thoughts for the day:
Number 1. Here’s the problem with contrarian investing: even if you read the books and agree with the abstract notions of doing things like “buying fifty-cent dollars”, it’s hard to actually execute on that in real time.
If someone wants to engage in value investing with the big ole’ American stocks, you’d find yourself working towards Citigroup and Bank of America, two companies that will eventually merit textbook entries on wealth destruction when college students in 2045 read about corporate (mis)management at America’s leading financial institutions leading into the 2008 financial crisis.
But you already know that story. I’ll give you an optimistic tidbit that you might not … Read the rest of this article!