Wealth-Generators often go Contrarian

You knew that too, right? 

Sure. 

Going contrarian is a buzz-phrase. 

We hear it again and again…

… till we begin to start thinking… 

… that we know what it means. 

Well, try going contrarian. 

Yeah, try actually doing it. 

You’ll see what I mean. 

It’s real hard. 

Going against the crowd takes all the strength you might have… 

… and then some. 

Most humans aren’t able to go contrarian. 

Most humans aren’t wealthy. 

When there’s blood on the streets, there’s no telling how much more there will be. 

Under such conditions, the contrarian investor lets go of his or her hard-earned money into an investment, knowing perfectly well that the Street might even value the investment tomorrow at a huge discount to today’s price.

That’s ok too, says he or she.

Why?

Because homework’s been done.

Underlying is strong.

Debt-free.

Management is stellar.

Balance-sheet is robust.

Projections are paramount.

That the world is pricing the investment wrongly is a problem with its vision.

Underlying is not going under. With above credentials, this alone matters.

Times change. Vision of the majority changes. Investor makes a killing. Cashes out some, principal and what have you. Leaves lots of free-standing shares… forever… or till parameters change.

Wealth-generators repeat this behaviour-pattern many times in their lives.

They’re not afraid of going against the grain.

They know otherwise.

Also, the money they use has been freed up.

Its being out of action for a long time is not going to change their lives even a bit.

They will have the last laugh.

Wealth is the reward of going contrarian. 

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How do you manage your Fiefdoms? 

Are your subjects happy? 

Is there surplus going around? 

Is dealing smooth and efficient? 

Are you content with your performance? 

Do you have the vision and the energy to enhance your fiefdoms into a kingdom? 

What are we talking about? 

How are these questions relevant for a career in finance? 

We all establish some position or positions of power, in the many areas of our lives. 

These are our fiefdoms. 

Inside these, we rule. 

Inside these, people or objects seem to be temporarily under our control. 

The micro reflects the macro. 

Our behaviour while governing a fiefdom hints at what / how we’ll be like when governing a kingdom. 

Get your acts together, people. 

Good governance is a habit. It starts small. Ultimately, it becomes a way of life. 

Your many fiefdoms multiply as you progress into a kingdom of sorts. 

Applied to finance, your kingdom is then your market footprint at your peak. Good governance thrown in, you’re rocking already. 

How did it happen? 

Baby steps of good governance multiplied into giant ones. 

It’s as simple as that. 

The most coveted things in life are also the simplest ones. 

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