Please do not take this the wrong way, but believing without seeing the source, "faith", is what you can have for a religion. In the business world, you won't survive on faith alone, otherwise that is known as gambling or a more business-like word, speculation. It's good to have some faith but ultimately you will still rely on facts.
Warren Buffet didn't get rich from having merely faith in his investment. He invested based on historical facts and made "informed decision" through research and all those years of experience that he has. "Knowing that something will happen" & "believing that something would happen" is two totally different thing.
Statistics are merely numbers unless you can prove it. However,we are all entitled to our own opinions, though if that's just what it is, do state so, so you won't be misleading others.
Very off-topic but a very interesting read for all you investor-wannabes: Warren Buffet's 2007 Berkshire Hathaway Shareholder Letter. If you have the time, do go through every year's letter.
Why CPA (Aust) exam is so easy & low standard?
Oct 18 2010, 10:56 AM
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