Being part of the herd certainly gives us comfort that we are all in it together. This mentality certainly carries over to the investment world but most of the great investors over the decades have been staunch contrarians. In this edition of Ethos we discuss the Contrarian mindset. While many contrarian strategies are longer term, our Earnings Overreaction strategy is more of a short term contrarian strategy designed to profit from how the herd reacts to earnings.