Contra The Heard
@contratheheard.bsky.social
Contra the Heard is an information service for investors. Our goal is to profitably invest while sharing the choices that we make. Views are not advice.
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There are dozens of ways to succeed in capital markets. Half the battle is to match your strategy and philosophy with your temperament and skill set. Here is our investment philosophy:
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Click the link below to subscribe or sign up for free content here: contratheheard.com/subscribe-now/
The smartest move isn’t always popular; it’s what the market has overlooked.
December 1, 2025 at 4:35 PM
The smartest move isn’t always popular; it’s what the market has overlooked.
The market doesn’t reward predictions. It rewards patience.
November 29, 2025 at 4:07 PM
The market doesn’t reward predictions. It rewards patience.
Valuation work isn’t just about finding great companies. It’s about paying a fair or, better yet, unfair price for them. Quality matters, but price drives returns.
November 26, 2025 at 4:30 PM
Valuation work isn’t just about finding great companies. It’s about paying a fair or, better yet, unfair price for them. Quality matters, but price drives returns.
Outperformance lives in uncomfortable places. If it feels easy and obvious, you’re probably late.
November 24, 2025 at 5:50 PM
Outperformance lives in uncomfortable places. If it feels easy and obvious, you’re probably late.
Clarity beats complexity. The best investment process is easy to understand and hard to disrupt.
November 21, 2025 at 3:33 PM
Clarity beats complexity. The best investment process is easy to understand and hard to disrupt.
Markets confound most people at the most important moments. Bottoms and tops are invisible until they’re in the rear-view. Instead of trying to call them, ask: How will I respond when markets are rallying or cratering? Preparation beats prediction.
November 19, 2025 at 7:23 PM
Markets confound most people at the most important moments. Bottoms and tops are invisible until they’re in the rear-view. Instead of trying to call them, ask: How will I respond when markets are rallying or cratering? Preparation beats prediction.
When you invest in companies with 100%+ upside, your margin for error is far greater than when you chase smaller returns.
November 17, 2025 at 3:30 PM
When you invest in companies with 100%+ upside, your margin for error is far greater than when you chase smaller returns.
In a bull market, fear is missing. In a bear market, opportunity is missed.
November 12, 2025 at 4:42 PM
In a bull market, fear is missing. In a bear market, opportunity is missed.
Jack B: There is no escaping risk, but you can transform and modify it.
November 10, 2025 at 6:26 PM
Jack B: There is no escaping risk, but you can transform and modify it.
When markets crash, businesses with earnings don’t stay cheap forever.
November 7, 2025 at 6:45 PM
When markets crash, businesses with earnings don’t stay cheap forever.
To be a contrarian investor, you need an unnatural comfort with volatility and a ton of patience.
November 5, 2025 at 3:09 PM
To be a contrarian investor, you need an unnatural comfort with volatility and a ton of patience.
In every cycle, the crowd forgets the last one. That’s why cycles repeat.
November 3, 2025 at 2:38 PM
In every cycle, the crowd forgets the last one. That’s why cycles repeat.
The market punishes impatience and rewards those who can sit and wait.
October 31, 2025 at 3:39 PM
The market punishes impatience and rewards those who can sit and wait.
Charlie Munger: "Master your emotions, and you’ll master your capital. Emotional control is the last true edge."
October 30, 2025 at 3:10 PM
Charlie Munger: "Master your emotions, and you’ll master your capital. Emotional control is the last true edge."
After a strong multi-year run, we’ve exited our position in TransAlta Corp. $TA.TO, booking a 234.8% gain (plus dividends). Philip MacKellar's latest article explains why we sold and what the move says about our contrarian strategy:
🔗 www.contratheheard.com/the-contra-g...
🔗 www.contratheheard.com/the-contra-g...
Why we sold our stake in TransAlta – Contra the Heard
www.contratheheard.com
October 27, 2025 at 8:05 PM
After a strong multi-year run, we’ve exited our position in TransAlta Corp. $TA.TO, booking a 234.8% gain (plus dividends). Philip MacKellar's latest article explains why we sold and what the move says about our contrarian strategy:
🔗 www.contratheheard.com/the-contra-g...
🔗 www.contratheheard.com/the-contra-g...
There are dozens of ways to succeed in capital markets. Half the battle is to match your strategy and philosophy with your temperament and skill set. Here is our investment philosophy:
Click the link below to subscribe or sign up for free content here: contratheheard.com/subscribe-now/
Click the link below to subscribe or sign up for free content here: contratheheard.com/subscribe-now/
October 26, 2025 at 4:02 PM
There are dozens of ways to succeed in capital markets. Half the battle is to match your strategy and philosophy with your temperament and skill set. Here is our investment philosophy:
Click the link below to subscribe or sign up for free content here: contratheheard.com/subscribe-now/
Click the link below to subscribe or sign up for free content here: contratheheard.com/subscribe-now/
Great discussion between Philip MacKellar and Brian Crombie on contrarian investing, the AI bubble debate, and why we focus on overlooked value over market hype.
Check out the full interview here: www.youtube.com/watch?v=I09-...
#Investing #AI #stocks #ContraTheHeard
Check out the full interview here: www.youtube.com/watch?v=I09-...
#Investing #AI #stocks #ContraTheHeard
Phillip MacKellar | Contra Investing
YouTube video by Brian Crombie
www.youtube.com
October 22, 2025 at 5:47 PM
Great discussion between Philip MacKellar and Brian Crombie on contrarian investing, the AI bubble debate, and why we focus on overlooked value over market hype.
Check out the full interview here: www.youtube.com/watch?v=I09-...
#Investing #AI #stocks #ContraTheHeard
Check out the full interview here: www.youtube.com/watch?v=I09-...
#Investing #AI #stocks #ContraTheHeard
Margin of safety isn’t a number. It’s a mindset.
October 20, 2025 at 2:37 PM
Margin of safety isn’t a number. It’s a mindset.
Bull and Bear markets are guaranteed. As Charlie Munger said, “You can count on more booms and busts over your lifetime.”
October 17, 2025 at 5:20 PM
Bull and Bear markets are guaranteed. As Charlie Munger said, “You can count on more booms and busts over your lifetime.”
When markets crash, hype dies, but cash flow survives.
October 16, 2025 at 5:21 PM
When markets crash, hype dies, but cash flow survives.
If you live long enough – and invest long enough – you may well endure: Inflation, Stagflation, Hyperinflation... Good luck, and if you're now feeling blue, fear not — ’twas ever thus.
October 14, 2025 at 5:39 PM
If you live long enough – and invest long enough – you may well endure: Inflation, Stagflation, Hyperinflation... Good luck, and if you're now feeling blue, fear not — ’twas ever thus.
Most professional investors are buried in information, distracted by clients, and handcuffed by groupthink. The edge for us?
→ Undistracted time
→ Conviction built on simplicity
→ The courage to act before the crowd
→ Undistracted time
→ Conviction built on simplicity
→ The courage to act before the crowd
October 8, 2025 at 5:02 PM
Most professional investors are buried in information, distracted by clients, and handcuffed by groupthink. The edge for us?
→ Undistracted time
→ Conviction built on simplicity
→ The courage to act before the crowd
→ Undistracted time
→ Conviction built on simplicity
→ The courage to act before the crowd
Naval Ravikant: “A contrarian isn’t one who always objects. That’s a conformist of a different sort. A contrarian reasons independently, from the ground up, and resists pressure to conform.”
October 6, 2025 at 4:28 PM
Naval Ravikant: “A contrarian isn’t one who always objects. That’s a conformist of a different sort. A contrarian reasons independently, from the ground up, and resists pressure to conform.”
Why do we exclude SPACs, IPOs, and new listings? Because time reveals what due diligence misses.
October 3, 2025 at 4:37 PM
Why do we exclude SPACs, IPOs, and new listings? Because time reveals what due diligence misses.
Forgetting the two risks: 1) risk of losing money, 2) risk of missing opportunity.
October 1, 2025 at 2:32 PM
Forgetting the two risks: 1) risk of losing money, 2) risk of missing opportunity.