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We spend our lives looking for reinforcement for what we believe when what we should really be doing is listening to the opposition. Democrats should watch the Republican convention. The religious should check out the atheists’ literature. Environmentalists should read the trade journal of their most hated industry. Liberals should listen to Buchanan and conservatives to Nader. In the stock market bulls should listen to the bears and bears should listen to the bulls.

Why? Because reading loyalist literature is a waste of time. You already know that you are
bullish, you already believe in the almighty, your political views are already yours and you
know that the environment is in trouble. Time is precious so there must be a better way to
spend it than shoring up already established bulwarks.


So what should you read, listen to or watch? Whatever makes you the maddest. If you see red when you hear so-and-so’s comment, so-and-so is doing you a valuable service. If you want to tear up so-and-so’s newsletter and throw it away, you should renew immediately. It you find yourself unable to determine whether bodily harm or a lawsuit is best suited to address an insult to your intelligence, you are truly fortunate. These provokers are providing a window into your soul; a window through which you can view your deepest issues.

Gold is going to $1,000. // Gold is dead.
We are in a bear market. // Huge gains ahead!
Oil is going to $60. // Oil is going back to $10.
Interest rates are going to the moon. // The Fed will cut rates dramatically.
Internet stocks are cheap. // Internet stocks are hopelessly overvalued.
Warren Buffet is an idiot. // Warren Buffet is a saint.
The new economy. // The old economy.
Inflation is here. // Deflation looms.

Any of those strike you as stupid? Absurd? Dangerous? Possibly malicious? Maybe the author of one of those snippets ought to be gagged, or at least taken off the air. What’s wrong with them?

How dare they?! Can’t they see??? Then your reading list should be clear. Be sure to include Humphrey Neill’s “The Art Of Contrary Thinking.”

This missive worthless? The writer clueless? You are welcome!

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