There was a poor couple, and the husband told his wife, “I’m going to look for work in a distant town.” I’m not sure how long I’ll be far away, but I won’t be in touch. Please don’t be concerned about me and keep an eye out for my return.”
The man walked for many days until he arrived in a large city and found work. “Let me work until I go home,” he said to his boss. Please keep my salary with you and give me my entire earnings when I return home.” He was a hard worker who never took time off.
After 20 years of service, he told his boss, “I want to go home now.” “May I have my pay?” “I have an offer for you,” the employer said. I give you all of your money or three pieces of life advice but without the money. You have a choice.” The man thought hard and selected the 3 pieces of advice vs money
The three pieces of advice were as follows:
- Never take life shortcuts. Shorter or unknown routes can be expensive.
- Never be overly curious when it is not absolutely necessary.
- Never make decisions when you are angry or in pain. It may be too late when you repent.
“Two are for you during your journey, and the last one you should eat with your wife,” the employer said, and handed him three loaves of bread. When his wife broke the bread, they discovered it contained gold coins worth far more than his 20-year wage. He was well aware that his employer had put his loyalty to the test.
The three pieces of advice are the golden rules of life and investing
- Never try to time the market or take shortcuts to make a quick buck.
- If you are a long-term investor, avoid becoming too interested in market noise because it may distract you from staying invested.
- Never make decisions while feeling enthusiasm, anger, or fear. Allow the moment to pass. Remember, you can only win if your mind outweighs your emotions.