viii C O N T E N T S
9 Awareness of the Pendulum 73
10 Combating Negative Infl 80 uences
11 Contrarianism 91
12 Finding Bargains 100
13 Patient Opportunism 107
14 Knowing What You Don’t Know 116
15 Having a Sense for Where We Stand 124
16 Appreciating the Role of Luck 133
17 Investing Defensively 141
18 Avoiding Pitfalls 153
19 Adding Value 166
20 Pulling It All Together 173