Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Sorry for the long post -- what do you guys think???

I agree with the author's basic premise, that the book's message--reduced to its simplest form--is: "Here's how to justify your hunches". However, instead of being critical of the Gardner method, I find it useful. By focusing on the traits of Rule Makers/Rule Breakers, I can separate my logically based hunches from my emotional and/or irrational impulses. This has, more often than not, kept me from making foolish investing decisions.

Personally, I feel the guy's arguments are foolish (lower-case)...

I agree that the author is lower case foolish, in the sense that he refers on many quantitative measurements of the Wise as unfairly overlooked by the Fool. But I still believe in the Foolish philosophy, which in my mind stands for the principal that over the long term the market is efficient but the Wise make short term inefficiencies. The Foolish challenge is to figure out the Wise short term errors and profit from them.

Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.