At some point in my investing life, every participant turned into a trend follower. These “investors” like to buy when an established uptrend is already in place, when purchasing is perceived as “safe.” Of course, this is the riskiest time to put new money to work. It is also the opposite of what we contrarian income investors do. We buy low and sell high. We do not, like the trend followers, buy high in hopes of selling even higher. Buy and hope is not a strategy, as my favorite chardonnay label can attest: (Shout out to my man Barry at Global View Capital Management for the work of art!)… Read more