Most investors are only interested in stocks when everyone else is. The time to be interested is when no one else is. You can't buy what is popular and expect to do well. Using a contrarian approach can allow you to capitalize on what others may overlook. That said, you still base your decisions on fundamentals, not optimism.
Buy Alibaba because you believe the fundamentals are strong and the shares are selling at a huge discount, NOT because Charlie Munger bought it 😃
https://markets.businessinsider.com/news/stocks/charlie-munger-daily-journal-alibaba-stock-q3-china-tech-regulation-2021-10
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