No. of Recommendations: 0

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
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