Genuine ignorance is . . . profitable because it is likely to be accompanied by humility, curiosity and open-mindedness; whereas the ability to repeat catch-phrases, cant terms, familiar propositions, gives the conceit of learning and coats the mind with varnish waterproof to new ideas.

~ John Dewey

Update: This article was included in the Carnival of Financial Planning #145 posted at The Skilled Investor. Thanks!

Today’s Friday Food for Thought is a little different from past editions. Most of the articles I’ve highlighted so far have been those that I’ve found inspiring or otherwise agreed with. Today I’m writing about an article where I found myself completely disagreeing with almost every line.

I chose to highlight this article, not to criticize the author or those who would agree with him, but just to show that there’s another side to every opinion. [...]

Read on and enjoy … Ignorance Makes You a Better Investor & Other Money-Losing Fallacies