Comments on: Absolutes

By: Personal Finance Blogosphere Best of 2007 | Moolanomy

Personal Finance Blogosphere Best of 2007 | Moolanomy — Tue, 15 Jan 2008 16:28:31 +0000

[...] Absolutes @ Four Pillars “Obviously if you accept that you never have complete knowledge on any subject (and you don�t. Accept this) you have three choices: 1) Become paralyzed and do nothing, 2) Do the best you can with the level of understanding you have and 3) Try to learn more.” [...]

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Ted — Mon, 30 Jul 2007 22:01:42 +0000

Sounds like you’re stuck in position #2 on religion.

See, I can read and make a joke!

Good article.

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plonkee money » 111th carnival of personal finance - glastonbury edition — Mon, 30 Jul 2007 10:04:36 +0000

[...] absolutes @ financial security quest, the dangers of “absolutes” when investing (and living life) and how to deal with them [...]

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FourPillars — Sun, 22 Jul 2007 03:29:38 +0000

I really enjoyed this post because I can’t stand when people do the the big pronouncement thing about what they believe in and it usually ends up being some rule-of-thumb or an “absolute” as you have so accurately termed it.

Unfortunately, at the company I work at, it seems that people who are extremely confident in their “absolute” opinions tend to do much better than realist slobs like myself who like to qualify (hedge?) their opinions with small doses of the reality that nothing is absolute (except the vodka).

Mike

p.s. thank you for elevating me to the level of Jesus Christ! lol.

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Nabloid.com — Thu, 19 Jul 2007 01:04:36 +0000

Wow, long but very interesting post. I agree, absolutes only hurt people in the long run.

I’ve always believed you should invest in what you know best and play to your strengths. In your instance, you have stated you don’t know how to value a stock, but you are obviously not too bad at the finding out property valuations and deciding if its a good investment. Theres more than one way to invest! Good luck to you.