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You are here: Home / Almanack / Spotlight: Investing and the Fallacy of Hard Work

Spotlight: Investing and the Fallacy of Hard Work

February 5, 2018 | Leave a Comment

In investing, working hard hardly works. What works is thinking hard. Reading without adequate thinking turns a human mind into a storage device. A rather expensive storage device.

Two police officers were stuck in traffic. They were on a routine patrol, and not much was going on that morning. The older cop was driving. As they waited at the traffic signal for the lights to turn green, the younger officer glanced at the fancy new BMW in front of them. The BMW driver took a long drag on his cigarette and flicked the ashes onto the upholstery.

“What a careless guy!” mumbled the older cop. “Who ashes his new car?”

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