There seems to be a lot of talk about stock dividends and other fixed income investments. Dividend paying equities have always been core components of any contrarian’s portfolio. Contrarians by nature are part-active and part-passive. Before making a stock selection, the intelligent investor should keep two key concepts in mind. First they should question, whether they are investing or speculating with regards to a purchase that is made. Secondly they should question, whether a stock selection is good value by fully understanding the concept of margin of safety – the difference in market price versus underlying value. The single most important intellectual development of …Read more »