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Contrarian
A contrarian is a person who holds a contrary position, especially a position against the majority. Investing A contrarian investing style is based on identifying, and speculating against, movements in stock prices that reflect changes in the sentiments of most investors.{{Citation needed, date=January 2012 See also *Conformity *Counterculture *Devil's advocate *Dissent *Dissenter *''Letters to a Young Contrarian'' by Christopher Hitchens, a noted contrarian *Oppositional defiant disorder Oppositional defiant disorder (ODD) is listed in the DSM-5 under ''Disruptive, impulse-control, and conduct disorders'' and defined as "a pattern of angry/irritable mood, argumentative/defiant behavior, or vindictiveness". This behavior is us ... (ODD) References Journalism Radicalism (historical) Dissidents Fringe theory ...
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Contrarian Investing
Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time. A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in securities markets. For example, widespread pessimism about a stock can drive a price so low that it overstates the company's risks, and understates its prospects for returning to profitability. Identifying and purchasing such distressed stocks, and selling them after the company recovers, can lead to above-average gains. Conversely, widespread optimism can result in unjustifiably high valuations that will eventually lead to drops, when those high expectations do not pan out. Avoiding (or short-selling) investments in over-hyped investments reduces the risk of such drops. These general principles can apply whether the investment in question is an individual stock, an industry sector, or an entire market or any other asset class. S ...
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Letters To A Young Contrarian
''Letters to a Young Contrarian'' is Christopher Hitchens' contribution, released in 2001, to the ''Art of Mentoring'' series published by Basic Books. Inspired by his students at The New School in New York City and "a challenge that was made to me in the early months of the year 2000," the book is addressed directly to the reader—"My Dear X" —as a series of missives exploring a range of "contrarian," radical, independent or "dissident" positions, and advocating the attitudes best suited to cultivating and to holding them. Hitchens touches on his own ideological development, the nature of debate and humour, the ways in which language is slyly manipulated in apology for offensive and ridiculous positions, and how to see through this and recognise it whenever it arises in oneself. Throughout, Hitchens makes reference to those dissenters who have inspired him over the years, including Émile Zola, Rosa Parks, George Orwell, Fulke Greville, 1st Baron Brooke, and Václav Havel. T ...
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Christopher Hitchens
Christopher Eric Hitchens (13 April 1949 – 15 December 2011) was a British-American author and journalist who wrote or edited over 30 books (including five essay collections) on culture, politics, and literature. Born and educated in England, Hitchens worked as a journalist with the ''New Statesman'' magazine in London in the 1970s after leaving Oxford. In the early 1980s he emigrated to the United States and wrote for ''The Nation'' and '' Vanity Fair''. Hitchens political views evolved greatly throughout his life. Originally describing himself as a democratic socialist, he was a member of various socialist organisations in his early life, including the International Socialists. Hitchens eventually no longer regarded himself as socialist, but continued to admire aspects of Marxism. He was critical of aspects of American foreign policy, including its involvement in Vietnam, Chile, and East Timor. However, he also supported the United States in the Kosovo War. After Hitchens di ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Conformity
Conformity is the act of matching attitudes, beliefs, and behaviors to group norms, politics or being like-minded. Norms are implicit, specific rules, shared by a group of individuals, that guide their interactions with others. People often choose to conform to society rather than to pursue personal desires - because it is often easier to follow the path others have made already, rather than forging a new one. Thus, conformity is sometimes a product of group communication. This tendency to conform occurs in small groups and/or in society as a whole and may result from subtle unconscious influences (predisposed state of mind), or from direct and overt social pressure. Conformity can occur in the presence of others, or when an individual is alone. For example, people tend to follow social norms when eating or when watching television, even if alone. The Asch Conformity Experiment demonstrates how much influence conformity has on people. In a laboratory experiment, Asch asked 50 ma ...
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Counterculture
A counterculture is a culture whose values and norms of behavior differ substantially from those of mainstream society, sometimes diametrically opposed to mainstream cultural mores.Eric Donald Hirsch. ''The Dictionary of Cultural Literacy''. Houghton Mifflin. . (1993) p. 419. "Members of a cultural protest that began in the U.S. In the 1960s and Europe before fading in the 1970s... fundamentally a cultural rather than a Protest, political protest." A countercultural movement expresses the ethos and aspirations of a specific population during a well-defined era. When oppositional forces reach Critical mass (sociodynamics), critical mass, countercultures can trigger dramatic cultural changes. Prominent examples of countercultures in the Western world include the Levellers (1645–1650), Bohemianism (1850–1910), the more fragmentary counterculture of the Beat Generation (1944–1964), followed by the globalized counterculture of the 1960s (1964–1974). Definition and characteris ...
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Devil's Advocate
The (Latin for Devil's advocate) is a former official position within the Catholic Church, the Promoter of the Faith: one who "argued against the canonization ( sainthood) of a candidate in order to uncover any character flaws or misrepresentation of the evidence favoring canonization". In common language, the phrase 'playing devil's advocate' describes a situation where someone, given a certain point of view, takes a position they do not necessarily agree with (or simply an alternative position from the accepted norm), for the sake of debate or to explore the thought further using valid reasoning that both disagrees with the subject at hand and proves their own point valid. Despite being medieval in origin, this idiomatic expression is one of the most popular present-day English idioms used to express the concept of arguing against something without actually being committed to the contrary view. Origin and history During the canonization process employed by the Catholic Ch ...
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Dissent
Dissent is an opinion, philosophy or sentiment of non-agreement or opposition to a prevailing idea or policy enforced under the authority of a government, political party or other entity or individual. A dissenting person may be referred to as a ''dissenter''. The term's antonyms include ''agreement'', '' consensus'' (when all or nearly all parties agree on something) and ''consent'' (when one party agrees to a proposition made by another). Philosophical In philosophical skepticism, particularly that of Pyrrhonism, the existence of dissent is a rationale for suspending judgment regarding the issue associated with the dissent. Dissent in this respect appears as one of the tropes in the Five Modes of Agrippa, pointing to the uncertainty demonstrated by the differences of opinions among philosophers and people in general. Political Political dissent is a dissatisfaction with or opposition to the policies of a governing body. Expressions of dissent may take forms from voca ...
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Dissenter
A dissenter (from the Latin ''dissentire'', "to disagree") is one who dissents (disagrees) in matters of opinion, belief, etc. Usage in Christianity Dissent from the Anglican church In the social and religious history of England and Wales, and, by extension, Ireland, however, it refers particularly to a member of a religious body who has, for one reason or another, separated from the established church or any other kind of Protestant who refuses to recognise the supremacy of the established church in areas where the established church is or was Anglican.. Originally, the term included English and Welsh Roman Catholics whom the original draft of the Nonconformist Relief Act 1779 styled " Protesting Catholic Dissenters". In practice, however, it designates Protestant Dissenters referred to in sec. ii. of the Act of Toleration of 1689 (see English Dissenters). The term recusant, in contrast, came to refer to Roman Catholics rather than Protestant dissenters. Dissent from the Pre ...
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Oppositional Defiant Disorder
Oppositional defiant disorder (ODD) is listed in the DSM-5 under ''Disruptive, impulse-control, and conduct disorders'' and defined as "a pattern of angry/irritable mood, argumentative/defiant behavior, or vindictiveness". This behavior is usually targeted toward peers, parents, teachers, and other authority figures. Unlike conduct disorder (CD), those with ODD do not show patterns of aggression towards people or animals, destruction of property, theft, or deceit. It has certain links to attention deficit hyperactivity disorder (ADHD), and as many as one half of children with ODD also fulfill the diagnostic criteria for ADHD. History Oppositional defiant disorder was first defined in the ''DSM-III'' (1980). Since the introduction of ODD as an independent disorder, the field trials to inform its definition have included predominantly male subjects. Some clinicians have debated whether the diagnostic criteria would be clinically relevant for use with women, and furthermore, so ...
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Journalism
Journalism is the production and distribution of reports on the interaction of events, facts, ideas, and people that are the "news of the day" and that informs society to at least some degree. The word, a noun, applies to the occupation (professional or not), the methods of gathering information, and the organizing literary styles. Journalistic media include print, television, radio, Internet, and, in the past, newsreels. The appropriate role for journalism varies from countries to country, as do perceptions of the profession, and the resulting status. In some nations, the news media are controlled by government and are not independent. In others, news media are independent of the government and operate as private industry. In addition, countries may have differing implementations of laws handling the freedom of speech, freedom of the press as well as slander and libel cases. The proliferation of the Internet and smartphones has brought significant changes to the media la ...
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Radicalism (historical)
Radicalism (from French , "radical") or classical radicalism was a historical political movement representing the leftward flank of liberalism during the late 18th and early 19th centuries and a precursor to social liberalism, social democracy and modern progressivism. Its earliest beginnings were found in Great Britain with the Levellers during the English Civil War, and the later Radical Whigs. During the 19th century in the United Kingdom, continental Europe, and Latin America, the term ''radical'' came to denote a progressive liberal ideology inspired by the French Revolution. Historically, radicalism emerged in an early form with the French Revolution and the similar movements it inspired in other countries. It grew prominent during the 1830s in the United Kingdom with the Chartists and Belgium with the Revolution of 1830, then across Europe in the 1840s–1850s during the Revolutions of 1848. In contrast to the social conservatism of existing liberal politics, radica ...
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