Contrary opinion defined
Personalities who have written about crowd psychology
Why it is difficult to go contrary
1. Fill in the blanks: The guiding light of investment contrarianism is not that the majority view—the conventional or received wisdom—is always wrong. Rather, it’s that the majority opinion tends to solidify into a d_____ while its basic premises begin to lose their original v_____ and so become progressively more m_____ in the marketplace.
2. As described in the text, the three steps to forming a contrary opinion might include:
A. Reading popular magazines and jotting down notes
B. Figuring out what the crowd thinks
C. Talking to your friends ...