Go against the Herd

Sep 28 17:09 2019 Print This Article

By Guest Blogger Ryan Lewenza

I know it doesn’t appear so based on my youthful appearance and washboard abs but I’ve been around the block a few times and one key market lesson that I’ve learned in my 20+ years in the investment industry is to question (and go against when prudent) the herd. I find time and time again that ‘the herd’ or consensus moves in extremes and is often wrong. One day the consensus is predicting a zombie apocalypse and an imminent bear market and the next day everything is unicorns and rainbows.

Most recently the bears came out in droves during the summer, pratting on about a looming recession and that everything is about to go down the tubes. The bears cited things like the inverted yield curve, the slowdown in manufacturing, and Trump’s trade war as supports for their recession call. Like so many times before, this call looks to have been premature and off the mark.

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About Article Author

Greater Fool

Author, Garth Turner has been a member of the Canadian Parliamant for nine years, serving as Member of Parliament, Cabinet Minister (in charge of Canada Revenue Agency), national leadership contender (Progressive Conservative Party of Canada), House of Commons Standing Committee member and chairman (Consumer and Corporate Affairs, Finance), Special Advisor to the Leader of the Official Opposition. He is a member of the Privy Council of Canada. In addition, Garth is an ambitious entrepreneur – founder and CEO of Canada’s largest independent producer of network television, providing programming to CTV, Global, YTV and others. He founded and successfully operated chain of six community newspapers in Ontario as well as founded and operated eco-tourism and hospitality company aggregating and restoring heritage properties.

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