[timr]

Being able to do the opposite of what others do is a useful quality to have as an investor.

I don't tell random people to "buy the dip" because I don't want to be responsible for the myriad dumb ways people interpret that advice, but it's not at all an unreasonable thing to say to someone who knows what they're doing.

[motorest]

> Being able to do the opposite of what others do is a useful quality to have as an investor.

Textbook example of survivorship bias.