This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Xmas Legs Small Present Present
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > HERD MENTALITY


Complacency is rife in the industry and contrarianism has become the new consensus, particularly when it comes to passives. But is this always such a bad thing?

Contrarian Complacency

I thought I would check the true meaning of contrarian and was pleased to see the Oxford Living Dictionary definition as: “A person who opposes or rejects popular opinion, especially in stock exchange dealing”.

The dictionary went on to provide an example sentence: “It has become fashionable to be a stock market contrarian”.

It is relevant to see “fashionable” used in this context because if I had a pound for every time I have heard someone in our business claim to be a contrarian, I would be on a beach somewhere reading this article instead of writing it.

Go with the flow

Contrarianism has become the new consensus, which, of course, means that if you claim to be a contrarian you are quite the opposite. It is the easiest thing in the world to say you are a contrarian but to actually be one requires action.

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.