"Buy when there's blood in the streets" - Nathan RothschildContrarian Investing: Buy When There's Blood in the Streets (investopedia.com) https://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#:~:text=Nathan%20Rothschild%2C%20a%2019th%2Dcentury,there%27s%20blood%20in%20the%20streets.%22
KEY TAKEAWAYS
Contrarian investing is a strategy of going against prevailing market trends or sentiment.
The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced.
"Be fearful when others are greedy, and greedy when others are fearful," said Warren Buffett, a phrase that encapsulates the contrarian philosophy.
Historically, market panics can be a great chance for low-priced investments.
Being a contrarian can be rewarding, but it is often a risky strategy that may take a long period of time to pay off.
good luck to all the longs