I wish you all the good things here. I was “contrarian” investor when I did it. Not on purpose; it’s just how I think. I’d get annoyed when everybody would chase after a new bauble and abandon whoever farted in the news. It worked out: I’d see who farted, go to that sector, look around at the shambles and find whatever little guy had a strong value of some kind (I forget what metrics I used – probably boring dividends or something but it worked) and pick some up. I’d avoid the bauble whenever possible. I’d watch the volumes explode and that’s when I knew to look for a new forgotten treasure. Nowadays, oh my god it’s ALL VOLUME and I don’t know if I could do it. But wow, it was fun. I didn’t do day trading (which is just “investing” now I think) but “buy and hold” – even though I didn’t really hold for all THAT long – it was my attitude — and it worked out very nicely.

It worked out: I’d see who farted, go to that sector, look around at the shambles and find whatever little guy had a strong value of some kind (I forget what metrics I used – probably boring dividends or something but it worked) and pick some up.

I’d avoid the bauble whenever possible. I’d watch the volumes explode and that’s when I knew to look for a new forgotten treasure.

Nowadays, oh my god it’s ALL VOLUME and I don’t know if I could do it. But wow, it was fun. I didn’t do day trading (which is just “investing” now I think) but “buy and hold” – even though I didn’t really hold for all THAT long – it was my attitude — and it worked out very nicely.