In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong. This is the classical definition of a contrarian. Now gold has become a target for such investors, the question however is that “ Has gold prices bottomed out or is there still some way to go? The popular view is that it still has come way to go and we may soon see 1100 or even 1000 levels which major investment houses have given as the their forecast for gold price this year. The activity has started for making the contrarian moves, and will pick up as gold falls further and bottoms out. The contrarians do see a rebound for gold as early as this year, India has already seen 30k plus prices albeit for different reasons. These prices may come down once the controls on gold import is taken off.
SOME FAMOUS CONTRARIAN’S
SOME FAMOUS CONTRARIAN’S
- Warren Buffett is a famous contrarian, who believes that best time to invest in a stock is when shortsightedness of the market has beaten down the price.
- Jim Rogers is an investor and author who is bullish on contrarian investing in Asian markets.
- Marc Faber is a contrarian investor who publishes the Gloom Boom & Doom Report and we see him once in a while on channels in India.
- David Dreman is a money manager often associated with contrarian investing. He has authored several books on the topic and writes the "Contrarian" column in Forbes magazine.
- John Neff, who managed the Vanguard Windsor fund for many years, is also considered a contrarian, though he has described himself as a value investor (and questioned the distinction).
- Mark Ripple is a money manager often described as a contrarian. He has authored a book covering the topic in detail.
- Paul Tudor Jones is a contrarian investor who attempts to buy and sell turning points.