Janet Lowe - Bargain Hunters, Contrarians, Cycles & Waves
Contrarians and bargain hunters seek investment opportunities by departing from conventional thinking. They study the psychology of markets to exploit mistakes caused by crowd behavior (i.e. the herd instinct). A pure contrarian acts simply in opposition to everyone else; a second type questions all commonly accepted beliefs and trends, acting independently only if appropriate; a third type becomes contrarian accidentally, by following some preferred line of reasoning to its logical conclusions . Notable contrarians and bargain hunters have included Humphrey Neill, David Dreman, Richard Band, John Neff, and George Putnam. Market fluctuations have long attracted analysts who try to find predictive cycles and waves of market behavior.