In Sophocles’ Oedipus plays we see another investing principle.
In Oedipus the King the hero begins an inquiry to find out what happened to the former King of Thebes. 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 he blinds himself in his agony. But as the story continues in the next play, he 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 what you are investing in. Whether it’s investment prospectuses or earnings reports, the data available to investors is massive. In fact, it was Oedipus’ ignorance of the true facts that got him in trouble in the first place.
And while sometimes it may seem better not to know, in the long-run you’re always better off digging out the facts. This has been Doug Tengdin with the Charter Trust Global Market Update.
Douglas R. Tengdin, CFA
Chief Investment Officer
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