I like that—probably a good rule of thumb, although it a stock-picker starts off saying they’re a contrarian, I wouldn’t necessarily stop listening. I’d also be more specific and say that labeled “contrarian” in an approving way by someone I trust might be worth paying attention to.
But rules of thumb aren’t meant to be so wordy, so I still like yours.
Self-identified contrarians are best ignored. Those labeled “contrarian” by outsiders might be worth paying more attention to.
I like that—probably a good rule of thumb, although it a stock-picker starts off saying they’re a contrarian, I wouldn’t necessarily stop listening. I’d also be more specific and say that labeled “contrarian” in an approving way by someone I trust might be worth paying attention to.
But rules of thumb aren’t meant to be so wordy, so I still like yours.