Principle #11 - Do Your Own Thinking

Every day we are bombarded with advice, either solicited or not, on how we should invest our money. This can be helpful. It can also be dangerous. Information that helps us to think about our investment decisions is helpful. Relying on someone else (even a professional) to do our thinking for us is stupid. By all means listen to what the slick sales person or your friends have to say about investments, but then think it through for yourself.