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Choose Right · Dec 24, 2024

Pragma #13 — Beg to Differ

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Alex L. · Choose Right

Following trends is natural behaviour, but the best decisions often require us to go against them. When your neighbour buys a flamboyant Porsche 911, your gut might nudge you to buy another luxury car to keep up with the joneses. However, you’ll be better off if you keep your reliable Toyota Corolla. It takes a rare skill to behave like this — you have to be a contrarian.

Contrarianism is the art of resisting herd mentality.

Humans are wired to seek validation and belonging, as evolution taught us that sticking with the group meant survival. But in a modern world, it’s not always the best bet. Markets crash when everyone buys into hype. People drown in debt just because everyone else does. When everyone thinks alike, no one is really thinking.

Warren Buffett put it best: “Be fearful when others are greedy, and greedy when others are fearful.” A contrarian doesn’t bet against the crowd for the sake of rebellion— they bet on facts, logic, and values that stand up to scrutiny.

Contrarian thinking isn’t easy. But it’s a skill you can sharpen.

  1. Pause and evaluate: when faced with a decision, stop and ask yourself: “Am I doing this because it’s right for me, or because everyone else is doing it?” That Porsche 911 might turn heads, but will it bring you lasting satisfaction or just fleeting envy points?

  2. Know your values: Clarify what truly matters to you. If financial freedom is a goal, then a flashy car might be a detour. The stronger your values, the easier it is to stand firm against the tide.

  3. Embrace being misunderstood: When you go against the norm, people might criticize you. That’s a sign you’re onto something. Innovators and pioneers rarely fit in. They redefine the rules.

  4. Build a contrarian community Surround yourself with people who think critically and value substance over show. Ironically, it’s easier to be a contrarian when you know other contrarians.

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