Contrarian Investing (repost)

The stock market may be the only exchange in which buyers rush in when prices are raised and stand back warily when prices are marked down. The few investors able to resist this herd psychology are called contrarians; they buy and sell when others won't. Anthony M. Gallea, a Senior Portfolio Management Director, and William Patalon III, a newspaper reporter, have written a guide for those who aim to join the contrarians' lonely ranks.