From, “The Money Paradox,” by Martin Conrad, 12/31/11, The Wall Street Journal:
“Disciplined independent analysis done under intense market pressure will inevitably be contrarian. But the usual pernicious effect of the mass media is to magnify the intensity of the destructive conformist pressure and to make effective contrarianism very difficult.”
Contrarian: opposing or rejecting popular opinion
Pernicious: having a harmful effect, esp in a gradual or subtle way; malign
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