The following is a copy of email correspondence we recently had with a friend and in the same spirit as our post "Correspondence with a friend on Investing".
Help was offered after learning of tremendous losses he had suffered in a bad investment. We decided to publish the correspondence because it reflects the usual questions and fears often heard from investors as well as the answers provided - and because we think it's more efficient to provide representative correspondence once than continue to provide the same answers on an ongoing basis.
Persons names, the origin of the prime minister and various and sundry details referenced have been either changed or omitted in order to protect their privacy - despite this, we still could not publish all of the related correspondence without revealing identities.
It has been said that there are only two directions in life “the right way and the wrong way”. This is a simple and true statement. However, human nature being what it is, we perfect techniques of taking the simple and making it complicated. If this statement is true, and there are really only two roads, or perhaps it could be said two different directions on the same road, and we discover that we have gone down the wrong one, and that indeed no “fork in the road” lies ahead that will ultimately bring us back to the path we desired, then we come to the realization that we must retrace our steps and begin (seemingly painfully) at the beginning of the journey – it is all the more difficult when we have invited followers.