There are a few things that are so obviously true, and true for everyone, that no one argues about them. But most stuff isn’t black or white. Most of the stuff we argue about usually have many truths – several “right” answers depending on the person and situation – and we’re actually arguing over the other person not having the same goals, needs, risks, and wants as you do. It’s a mess. And the only thing worse than thinking everyone who disagrees with you is wrong is the opposite: being persuaded by the advice of those who need or want something you don’t.
This is common in finance. You can count the number of things that are certain on one hand, so the “right” answer to most finance questions is just however much uncertainty you want to accept, which is not only different for everyone but constantly changing for everyone. People don’t agree on a lot of big investing points because they shouldn’t.
-Morgan Housel, as he starts this blog post
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