Lessons in Investing. Boss: You should buy a stock whenever the chart looks like a squirrel sitting on a clown's shoulder. That's called "technical analysis." Asok: I'm not going to do that. Boss: Good. Because it doesn't work if everyone does it.
Boss: Asok, you can beat market averages by doing your own stock research. Asok: So... you believe every investor can beat the average by reading the same information? Boss: Yes. Asok: Makes you wonder why more people don't do it. Boss: Just lazy, I guess.
Asok: I bought my first stock and it went up five percent in one week!That means I'm a stock-picking genius. I plan to max out all of my credit cards and become a day-trader. Dilbert: The total market is up six percent. Asok: That's just luck. It can't do that forever.
Asok: I followed your investment advice and lost all of my savings in the stock market. Boss: Did I mention that past performance is not an indication of future returns. Asok: Then... how does "advice" actually work? Boss: It only works for the people that give it.