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Beware people with a financial incentive to recommend action

  • By Alan Knott-Craig
  • June 29, 2018

In business, you will be given advice by plenty folks.

Before acting on advice, always think of what his/her financial incentive is.

For example, lawyers are like surgeons.

They have a financial incentive to recommend action. Cut, operate, medicate.

A surgeon makes no money if he tells you to wait three months and see how things turn out, even if this is the best advice for you.

It’s your business. The consequences of your decisions are yours to bear.

Beware people with a financial incentive to recommend action.

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