Conventional wisdom is a byproduct of groupthink that presents solutions good enough for the average person while simultaneously not being right for any individual. You follow it at your peril. Each Monday I will challenge the investing norms that just may be holding you back from living the life you want.

Unconventional wisdom: Why I choose income investing despite its shortcomings

For whatever we do, even whatever we do not do prevents us from doing its opposite. Acts demolish their alternatives, that is the paradox.

– James Salter

The easiest way to fail at investing – and life – is to think that choices don’t come with trade-offs.

The investment industry tends to minimise trade-offs. The reward is front and centre while the risk is…