Reading for Success: The Art of Contrary Thinking
The second book on our Reading for Success list is by Humphrey B. Neill. We consider this to be the definitive book on an overlooked subject that we call the "outer game of market psychology" -- how to divine the hearts and minds of the crowd.
"The art of contrary thinking consists in training your mind to ruminate in directions opposite to general public opinions; but weigh your conclusions in the light of current events and current manifestation of human behavior.
It may appear to some readers as though the theory of contrary opinion, or the art of contrary thinking, is a cynical one. I do not think it is at all. I believe it is merely a matter of getting into the habit of looking at both sides of all questions and then determining from your two-sided thinking which is the more likely to be the correct vision -- which in turn leads to the correct conclusion."
Written in 1954, The Art of Contrary Thinking contains timeless observations, and demonstrates why thinking is critical to maintaining objectivity so that we may see the world as it is. The book contains numerous examples on how to read public sentiment correctly, and how to see the other side of any issue. This is a key component to formulating scenarios. If you always happen to be on the wrong side of the trade, stop now, and read this book.
Other books by Humphrey B. Neill:
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