Contra The Heard

Most professional investors are buried in information, distracted by clients, and handcuffed by groupthink. The edge for us?
→ Undistracted time
→ Conviction built on simplicity
→ The courage to act before the crowd

Naval Ravikant: “A contrarian isn’t one who always objects. That’s a conformist of a different sort. A contrarian reasons independently, from the ground up, and resists pressure to conform.”

Why do we exclude SPACs, IPOs, and new listings? Because time reveals what due diligence misses.

Forgetting the two risks: 1) risk of losing money, 2) risk of missing opportunity.

Prem Watsa: It is better to be wrong, wrong, wrong and then right, as opposed to right, right, right and then wrong.

A falling stock can be a bargain or a warning sign. Price tells you what the market thinks. Value tells you what the business is worth, and that requires a lot of homework.

Most investors don't need better analysis. They need better impulse control.

We don’t chase what’s new, we study what’s proven. Staying power beats storylines, and durability beats buzz.

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The MoneyShow's 2025 best of the best report has just been released! Philip MacKellar's January pick has been one of the year’s top performers.

Grab the free report to see and get an update on Phil’s pick and other standout ideas for 2025: forms.moneyshow.com/t/oiJioycL28us

Earnings can be massaged. Cash flow is harder to fake. If a company’s profits don’t convert to cash, start asking questions.

Is it time for Canada & the US to ditch quarterly earnings? In his latest Globe & Mail article, Philip MacKellar argues semi-annual reporting could cut costs, reduce volatility, & shift focus to long-term performance. Jim Cramer seems to agree.

www.contratheheard.com/the-contra-g...

Determining a company's intrinsic value is challenging but crucial. Don’t chase hype, look for value instead.

The latest Contra Guys article by Benj Gallander is here! Laurentian Bank’s $LB.TO turnaround is gaining momentum, with higher profits, rising deposits, and a potential dividend increase. Could it now be ripe for a $50+ takeover? 📈

Read more 👉 www.contratheheard.com/the-contra-g...

#Investing

Rising prices don’t eliminate risk; they disguise it.

It often takes time for a market to recognize a stock's intrinsic value.

Delaying gratification, playing the long game, and sacrificing early game advantage for end game advantage sure is a strength.

Day trading is the opposite of all these things.

When the market is irrational, the strongest edge is mental. Stay calm, stick to your strategy, and let the chaos wear itself out.

A prudent investor is a paranoid optimist: Build wealth assuming the worst could happen.

From pandemic hero to struggling stock for Moderna MRNA. Philip MacKellar's latest Contra Guys piece unpacks how the biopharma company surged and then collapsed back down to pre-pandemic levels.

Read it here: www.contratheheard.com/the-contra-g...

#covid_19 #pandemic

Standing apart from the crowd means you’ll often stand alone. But solitude is the price of conviction.

We're one month away from The Money Show Toronto! Benj will be presenting on September 13, 2025, at 3:00 p.m. on "Why Wise Contrarians Often Do Better." Register for FREE below. See you there!

toronto.moneyshow.com?scode=065620

Cheap isn’t always value, but deep value stocks are often hidden gems.

A stock is an ownership stake in a business, not a bet on headlines or hype. If you were a billionaire and you wouldn’t buy the whole company at the prevailing market cap, why buy a piece of it at the prevailing share price?

To avoid herd mentality, analyze why others are buying or selling, and act only if their reasoning is flawed.

New Globe article by Phil MacKellar! Phil dives into one of our international picks, the $GREK ETF, and why Greece might just be worth a closer look. 🇬🇷

Breaking the home-country bias: www.contratheheard.com/the-contra-g...

#Investing #ETF #ContrarianInvesting #Greece #GlobalMarkets

Join Benj Gallander at The Money Show in Toronto on September 12 - 13, 2025! Benj will be presenting on Why Wise Contrarians Often Do Better. Register now and don't miss out!

Register to attend for FREE here: www.torontomoneyshow.com/registration/

Successful investing takes time, in response to this reality and interest among existing subscribers, we have introduced a five year payment option, click here for more details: www.contratheheard.com/subscribe-now/

The market doesn’t have to make sense today. Your job isn’t to predict emotions; it’s to stay disciplined when others don’t.

The market rewards those who wait. Patience isn’t passive; it’s disciplined.

#StockMarket #patience

The stock market is often like a weather app in a thunderstorm, wildly unpredictable.