Strategy 2011

Gary reports that America will grow more than developing markets. Investors will be pouring money into the USA. However...

... Human beings are hard-wired to run with the herd. For millions of years, when the herd stampeded, the smartest move wasn't the hang around and wait to see why. It was to run.

And that's how they act on the stock market as well. But when it comes to investing, it's a bad idea. Your feelings are a bad guide. And there is no safety in numbers.

Contrarians have a point. In three years we may have understood that Europe is contracting and German industrial stocks were cheap. German stock markets are honest and Germany is not far from Kever Benjamin City.