What a coincidence. I am reading “The Tao of Warren Buffett” right now. It talks about how Warren Buffett has an independent mind, refusing to follow the herd mentality. I think most people feel the need to consult with their friends and family about their investing practices because they think that “there is safety in numbers”. After all, as the Japanese saying goes, “the nail that sticks out gets hammered down.”

Of course we all know that Warren Buffett made his riches by being greedy when others are fearful and being fearful when others are greedy. The importance of formulating a plan that is tailored to your needs and singing your own tune!