Last Updated Sep 23, 2011 3:59 PM EDT
Today, we look at some ideas that could be said to be conventional wisdom on investment strategy, and offer an alternative view, one we will call the New Finance.
Before we begin, it's important to note that we're not saying that people who believe these bits of conventional wisdom are necessarily fools. Anyone who goes along with the conventional wisdom simply may not have been exposed to the truth. However, once you know the truth, you can no longer claim ignorance as a defense.
Also, feel free to leave your own bits of conventional wisdom in the comments below.
Photo courtesy of hans s on Flickr.