Wednesday, August 21, 2013

Advice

You may ask: Where are we getting at?

Simple. If you need regular advise, the best strategy is to find a good advisor and always follow the suggestion. After all, even if you are fully capable of picking the best advice from a jungle of proposals, it is much less troublesome to make the decision once and for all by choosing the best advisor. It goes without saying we should regularly assess the performance of our advisor and make change in case necessary.

The scenario is, you know, similar to investing in the stock market: True investors focus their effort on a few good companies and hold for quite a while. Speculators study many stocks and believe they could predict, amongst thousands of the listed companies, which one would have its price boost up in the coming week.

PS. What I outlined is also the true purpose of a democratic system: We want a bright chap to take charge of all civic issues. Don't ask for our opinion on each and every trivial matters.

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