I’ve posted Entry #6 to my monthly FInancial Highway column. It’s called Five Risks of Contrarian Investing.

Juicy Excerpt: Contrarian Investors are smart. Perhaps too smart. You know that saying “it’s not nice to fool Mother Nature”? The investing equivalent is “It’s not nice to think you can know in advance where the marketis headed.” Start thinking you have it all figured out and you will be tempted not only to profit from the reality that what goes up sooner or later must come down but also from your genius ability to knowwhen it is going to start coming down.  When it comes to short-term timing, I am in the camp of the Buy-and-Holders in believing that, no matter how appealing it may be to try, it really cannot be done successfully even by the smartest of investors.