A few pointers before I start off:
Contrarian
From Wikipedia, the free encyclopedia
In finance, a contrarian takes the view that widespread pessimism tends to lead to market rallies and that general optimism tends to lead to market slumps. Contrarians are sometimes thought of as perma-bears—market participants who are permanently biased to a bear market view.
However, the contrarian is not explicitly biased towards a negative view of the price trend in a market. Further, contrary to popular belief, the contrarian is not necessarily limited to taking an opposite position to the usual crowd's view.
Instead, the contrarian seeks opportunities to profit from situations when the crowd mentality leads to unreasonable valuations for assets, either on the upside or the downside. For example, selling companies that appear to be overvalued due to a flood of excessive hype is a time-honored contrarian strategy.
Similarly, investing in companies that have been unduly devalued due to temporary setbacks is a classic contrarian tactic. Value investing thus, is often characterized as a subset of contrarian investing.
Note that neither of the above methods necessarily comprises betting against the overall market trend. A contrarian may seek to capitalize on a prevailing bull market by investing in an undervalued asset, for example.
Philosophically, a contrarian is a person who tends to take positions that openly challenge conventional wisdom.
In Sociology, the term can be understood as an attitude of going against the establishment in terms of the social mores of the time. A social contrarian attempts to show to others, like Socrates through Plato, that there is something inherently wrong with their limited world view.
The bold statements summarize what I intend to do with this blog so hold on tight!