By Nicholas Vardy Contrarian investing is an enviable skill. Today, there are several markets that may be due for a boom, but how can investors know for sure?
Nicholas Vardy explains how to identify an ideal investment.
I remember traveling to the southern coast of Spain in the summer of 2010 to look at real estate investments.
The Spanish property market had crashed. Bank financing had disappeared. Foreign buyers had dried up. Some properties were going for 40% below their asking prices of just two years earlier.
Buying Spanish property after a crash appealed to my contrarian instincts. But in the end, I couldn’t pull the trigger.
The …read more