The mindset of a contrarian investor – Anthony Bolton

Hi everybody, today we are in really good company because I'm here with Anthony Bolton and Anthony Bolton, he is in a way, in my mind, the father of contrarian investing. You know, the best person I know to do the opposite of everybody else. And my, have you made a lot of money for fidelity over the years doing that? So a warm welcome, Anthony. Thank you, Nikolai.

It's lovely to be here with you. Why can one make so much money by doing the opposite of other people? I think because very few people are doing it. So it's almost by definition. And the trouble is in the stock market, if you do what everyone else is doing, it will work for a while.

But the more people who get on the bandwagon eventually it bursts. And I think that's why it's a it's important. I always, my view of investing, that popularity is risk. And conversely, unpopularity is opportunity. I'm not saying everything that's unpopular therefore is is an opportunity, but I I just early on I wanted to look where other people weren't looking.

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