With all the news available, it's easy to be swept into trends and popular opinion when making stock picks, but that's not the best way to invest.
In this clip from Rule Breaker Investing, Motley Fool co-founder David Gardner explains why it's best to follow your own passions. Doing so can lead you away from the crowd and have you fishing in your own pool.
A transcript follows the video.
This podcast was recorded on Oct. 28, 2015.
David Gardner: No. 4: Fish where others aren't. Dr. Seuss, wonderful book, McElligot's Pool, starts: "'Young man,' laughed the farmer, 'you must be a fool. You'll never catch fish in McElligot's Pool.'" And I've used that wonderful start to McElligot's Pool to talk about investing, because a lot of us were told that we shouldn't do this ourselves, that we need financial professionals, that it's just too complex, or that it's not there for us. You're not going to find winners. Don't fish in that pool.
But the truth is, I think once you start to find -- and I hope you're enjoying our podcast, and maybe you're already a longtime investor -- you're going to see real benefits to getting started and to investing, and to fishing. But when you do fish, I think, fishing where others aren't is going to be more likely to lead to your success.