"Never take advice from anyone in a tie"

Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money. - Nassim Nicholas Taleb

This reminds of me a a few sub headings from Joel Greenblatt's book “ You Can Be a Stock Market Genius” "Never trust someone under 30, and Never trust someone over 30.” In essence what Nassim Nicholas Taleb and Joel Greenblatt are saying is to do your own homework.

There's saying, to a hammer every problem looks like a nail. Likewise to every broker a problem looks like a sale. No one will ever care about your problems more than you will, and most professionals will only ever see your problem in one way - the way that will generate the most greenbacks for them. Instead spend your time doing your own due diligence and taking advice only from trusted advisors.

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