As per Wiki – Dudeism advocates and encourages the practice of “going with the flow”, “being cool headed”, and “taking it easy” in the face of life’s difficulties, believing that this is the only way to live in harmony with our inner nature and the challenges of interacting with other people. It also aims to assuage feelings of inadequacy that arise in societies which place a heavy emphasis on achievement and personal fortune. Consequently, simple everyday pleasures like bathing, bowling, and hanging out with friends are seen as far preferable to the accumulation of wealth and the spending of money as a means to achieve happiness and spiritual fulfillment.
Today’s needull gives few lessons on investing based in dudeism.
1.The Dude: “Sooner or later you are going to have to face the fact that you’re a moron.”
One of the most important lessons you can learn about investing is the location and importance of your “circle of competence.” The task is simple: How do you avoid the investing areas in which you are a moron?