March 7, 2007
By seadmin

"The danger to society is not merely that it should believe wrong things, though that is great enough; but that it should become credulous, and lose the habit of testing things and inquiring into them, for then it must sink back into savagery… It may matter little to me, in my cloud-castle of sweet illusions and darling lies; but it matters much to Man that I have made my neighbors ready to deceive. The credulous man is father to the liar and the cheat."

—W.K. Clifford, Lectures and Essays Vol. II

Skepticism of the kind we see in Clifford’s quote is a tremendous virtue, particularly when it comes to something as critical as your money. When investing, don’t be suckered into a "cloud-castle of sweet illusions and darling lies." Eschew the idea that markets are always safe and everything will be all right if you just uncritically throw your money at stocks. Investing involves risk. The more skeptical you are before you subject your dollars to that risk, the more successful you’ll likely be in sidestepping the dangers accompanying that risk.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars, or anything else.

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