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Benj Gallander

The Contrarian Investor's 13 : How to Earn Superior Returns in the Stockmarket

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With memories still fresh from the stock market's most recent boondoggle--the technology frenzy of 1999 and 2000--The Contrarian Investor's 13 by Benj Gallander will undoubtedly find a wide and highly receptive audience. The co-editor of the Contra the Heard newsletter offers 13 rules and guidelines for investing that help readers break from the pack and reduce their dependence on brokers and advisers. Gallander has chalked up an impressive 10-year annualized return of 25.4 per cent by confronting accepted practice. "The constitution of the herd is such that when there is a big carnival, people want to suck back the snow cone. Nothing draws a crowd like a crowd," he warns.

The key to being a contrarian, however, is not simply being disagreeable and going against the herd, Gallander points out. Rather, it is choosing select moments in time to be on the other side of the fence. Gallander shows readers why traditional methods of measuring the risk-reward relationship are often bogus and how "the devil of overdiversification" can damage returns. He offers tips on buying stocks and deciding when to sell. His writing is vivid and opinionated and his tenets are just as valuable to neophyte investors as to grizzled veterans.