Distrust Any Enterprise That Requires New Clothes

Distrust Any Enterprise That Requires New Clothes

The actual quotation, from Henry David Thoreau, is "Beware of all enterprises that require new clothes, and not rather a new wearer of clothes." Thoreau's focus was on the person, not the clothes. For investors, the button is a reminder that we humans are fallible, and that success comes from improvement of ourselves, rather than the adoption of new investment vehicles and techniques.

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