The N.C.F.B.A. met on Monday night (OK we sat and watched Preet eat dinner), and as usual the discussions and commentaries were entertaining, enlightening and fun (for me at least), and one of the topics that came up was about Advice and what people do with the advice you might give them (Michael James has in fact written an excellent post on how Investment Advice Usually Reaches the Wrong People).
I remembered one of my worst pieces of “advice” I ever gave to a dear friend, so here again, I reprise an “oldie but goodie” for you, dear reader. This post goes back four years ago, but is still as painful to read today as it was to write back then.
A parable about advice… (not just financial)
A few years ago I car pooled with a wonderful guy we’ll call Jack for this story. Read More…