Sophocles’ Oedipus show us another investing principle.
Source: Dorling Kindersley
In Oedipus Rex the hero begins an inquiry to find out what happened to the former King of Thebes, who disappeared mysteriously. Although it looks like he’s going to incriminate himself, Oedipus doggedly looks for the truth, even gainsaying the Queen who claims that some things are better left unknown.
Oedipus persists, and when the full truth is disclosed—that he himself murdered the king in a fit of rage—he blinds himself in his agony. But the story continues in the next play, and Oedipus ends up better off than he ever could have been at Thebes. Oedipus’ drive to know pulls him down initially, but it improves his condition in the end.
And that’s lesson number three: research, research, research. You can never know too much about how you are investing. Whether it’s a prospectus or earnings reports or charts or conference calls, the data available to investors today is massive. In fact, it was Oedipus’ ignorance of the true facts that got him in trouble in the first place.
Sometimes it may seem better not to know, but in the long-run you’re always better off rooting out the truth.
Douglas R. Tengdin, CFA
Chief Investment Officer
Leave a comment if you have any questions—I read them all!