The world was different back in 1963. Coca-Cola introduced Tab, its first diet drink. George Wallace became governor of Alabama, proclaiming, “Segregation now, segregation tomorrow, and segregation forever!” John F. Kennedy, and then Lee Harvey Oswald, were assassinated. And the Dow Industrials finished the year at 764. 1963 also marked the occasion of the first Contrary Opinion Forum in Vermont, a gathering helmed by author Humphrey B. Neill (The Vermont Ruminator) and money manager Jim Fraser and dedicated to exploring the utility of contrary opinion in the investment field. The following year my father, Carlton Lutts, attended the annual...