No. of Recommendations: 0
Murph,

Your offer to post more links on MLPs is more than kind. But I'd decline at this point. My insistence on doing my own thinking before I look at what others are thinking is a strategy that serves me well. If I use their "map", then I tend to walk their paths, rather than my own, which means I'm not looking at the subject with fresh eyes.

Investing, like economics, can never be, will never be, a science, no matter how much math is imported into it. But there are two distinct ways of doing either, one is faith-based, the other is evidence-based. Most investors default to faith-based. They do no original research, nor do they even try to replicate the crucial experiments. So they accept as fact whatever the current thinking is, and they invest in that thinking all of the emotional commitment provoked (required?) by any faith-based endeavour.

I'd rather be a skeptic of current theory/theories and run my own tests and experiments. Then when I do get around to looking at the work of others, I'm better able to appreciate their achievements and better able to avoid their mistakes.

Again, thanks for your generous offer, Charlie
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement