In 1967, Edward Johnson II, founder of Fidelity Investments, Launed the Fidelity Contrafund in the hope of providing investors with an investment alternative that harnesses the power of the Theory of Contrary Opinion originated by Humphrey B. Neill, author of The Art of Contrary Thinking.Today, the Contrafund has over $60 Bn in assets. "When everybody thinks alike, everyone is likely to be wrong" is the quote that lies at the heart of Neill's investment and political philosophies. In this expanded 2nd edition of The Ruminator the reader will find thought provoking ruminations over the hectic events and conditions that prevailed in the five years between 1968 and 1972; the years during which Neill published a monthly magazine titled The Ruminator and from which these essays are taken.
This was not about stocks only, more about human thinking, about life. every thing init is just as relevant today as when it was first written over 60 years ago, It makes my certain that the whole world is in a bubble ready to pop unless me make major changes. It makes me wonder if some Trump advisers had not gotten some of their ideas for his campaign from reading this book. It shows us all as being sheep following the brightest light or loudest voice.