Conatrarian Investing - Walk the walk
I was at a Family Office convention in Miami on Monday and I was on a panel speaking about how I invest in real estate. Another gentleman on the panel runs the real estate investing for a large family office out of New York City. I was explaining how I don't buy markets...I buy income and revenue.
Just before we were about to close the panel, this gentleman started to make the cliché statements that in order to be successful at investing, you must do what everyone else isn't doing. Duh. Everyone knows that. Everyone says that. But who does it?
If you are a contrarian investor, can you tell me how you are investing and where? I know where I am investing and I am quite sure my actions speak to contrarian investing. But he labeled two markets he is in, and I just shook my head thinking "how is this contrarian?"