Only Dead Fish Go With The Flow

Only Dead Fish Go With The Flow

Malcolm MuggeridgeThis thought is rooted in religion; when The Right Reverend Robert Daly in 1826 said, "live fish swim against the stream, while dead ones float with it," the sentiment was already a classic. In the 20th century, Malcolm Muggeridge was notable for commenting, "Never forget that only dead fish swim with the stream." Going with the flow is a far more recent coinage. In any case, it reminds us that to be a successful investor, you can't just float along; you've got to do the work. And to be a contrarian investor, you've got to do the uncomfortable thinking that leads you to swim against the flow of popular opinion.

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