The Triumph of Contrarian Investing

by Ned Davis

"All the evidence in this book ... shows the crowd is almost always wrong at extremes ..." --Ned Davis From Chapter 1It is one thing to say that the crowd is always wrong at extremes. It is quite another to provide convincing proof.In The Triumph of Contrarian Investing, Ned Davis--one of today's most respected and influential market analysts--delivers both qualitative and quantitative proof that, when emotion is at its highest, the investing herd is almost certain to be running in the wrong direction. He then provides indicators to help you determine when crowd psychology is at an extreme, and outlines a disciplined approach for remaining fully and profitably invested in strong market environments while foreseeing and avoiding major market disasters.This first-of-its-kind contrarian investor's rulebook will show you how to:* Understand the powerful forces of crowd psychology and its historic and predictable impact on financial markets * Quantify and analyze crowd sentiment to identify