During a recent drop in the stock market, Damon took the opportunity to buy a wide variety of stocks even though many of his friends and relatives were selling. His investment strategy appears to be consistent with contrarian views.

Question

Quizplus · Accepted Answer

The contrarian approach is to buy when everyone else is selling and sell when others are buying. Most people tend to sell when the stock market suffers a big drop, but contrarians look at such a drop as an opportunity to buy at a low price. This approach takes courage, but it can be a way to great financial success. After all, the way to make money is to buy low and sell high.

During a Recent Drop in the Stock Market, Damon Took