Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.
Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
That which may have sounded like righteous teaching when it was remote and wordy, will be challenged afresh when it is obliged to simulate life itself.
Any faith that does not command the one who holds it is not a real belief; it is a pseudo belief only. And it might shock some of us profoundly if we were brought suddenly face to face with our beliefs and forced to test them in the fires of practical living.
I did an O-level in domestic science when I was at school, but on the day of the practical exam, it was a cookery nightmare.
In other words, the better they did on the IQ test, the worse they did on the practical test and the better they did on the practical tests, the worse they did on the IQ test.
If a man is a quitter, I'd rather find out in practice than in a game. I ask for all a player has so I'll know later what I can expect.
