In order to outperform, being contrarian isn’t enough, you need to be contrarian AND right. As investment strategist and author, Michael Moubossin wrote; “being a contrarian for the sake of being a contrarian is not a good idea… When the movie theatre is on fire, run out the door.”

Marcus Burns, Portfolio Manager at Spheria Asset Management, says there are four indicators of ‘fad stocks’ that they look to avoid.

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