It was BigFatPurse’s year end event in 2014. Eric from Aggregate was browsing our bookshelf and he asked me which is the best investing book. I guessed The Intelligent Investor. He replied, tongue-in-cheek, The Dilbert Principle. I have always loved Scott Adam’s satirical comic strips of the office scenes. And so, this article was to laugh at our financial industry and ourselves, the investors. Dry wit aside, there are 12 serious lessons we can learn. I have illustrated memes on 7 types of investors which may be of interest to you if you like such articles. But do not expect me to be as talented as Scott.

#1 Beware of High-Fee Funds and Sales-Focused Financial Advisors

Most investors put their money with the professionals. This is understandable as a complex society follows Adam Smith’s division of labour philosophy. We do what we do best and we outsource other tasks ......