My contrarian badge of honour

David Stevenson has spent years having a different point of view from others in the market, but not any more!

My economics professor summed it up nicely I think: "Stevenson, you are just a bloody contrarian and of course one day you are bound to be proved right!". I think he meant that as an insult but instead I have worn the badge with honour ever since, championing all manner of once iconoclastic views. I say 'once iconoclastic' because being say a perma-bear until even mid-2007 was a bit like being a Clause 4 enthusiast in the Labour Party, but then suddenly at some point this year everyone seemed to suddenly become a contrarian (!). Now that we all believe in state ownership of the comman...