Advice

You may argue, not limited to investment, we should listen to others' advice and be flexible.

Well, yes, if you could tell which advice is good and which other leads you to deep water; in that case you have already made your own decision successfully.

If you could not and have to follow people's words blindly, the balance of probability is that you would pick the poor ones - because they have an abundant supply.

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One common form of advise is: Someone did this and was very successful. Why don't you do the same ?

And that very successful action may be buying stocks and hold or selling them early to cut loss, eating only meat or vegetables or yourself to lose weight, following John Keynes or Milton Friedman, or Karl Marx or Voltaire.

As my friend KT said, "They are good. But it doesn't necessarily mean that we should follow."

(See http://ccszeto.blogspot.com/2007/12/confidence.html)