Today I was reading a transcript of an interview of a successful investor. He casually mentioned a generally accepted investing principle that he’s observed to be invalid over many years of investing. He went on to say that he believes many investors don’t understand that this principle isn’t true or the impact of that fact.

This caught my attention because another investor, someone who’s well regarded and well known, briefly mentioned something similar in an old interview I dug up. When two or more credible people have reached the same conclusion, it’s contrary to what others believe, and it hasn’t been noticed or discussed (that I know of), that’s something I take note of and want to investigate further. 

I’m curious to understand their insights that led to this contrarian perspective and will dive into this more.