In life we learn new things by watching others, listening to others only few things trying on our own. It is no wonder stock analysts, newspapers, blogs, journalists, TV, and other media trying to influence us. We have a tendency to listen to the opinion. We developed a mindset of thinking that we may be wrong, if no one agrees upon.
One of my friends wanted to study PhD after his bachelors. He was asking opinion to his Uncle if he can study further. His uncle never went to college nor he is going to finance his education. He just wants someone to agree upon. People will agree only if they themselves been in that situations or seen someone doing that or if they are open minded. Most of the time people will disagree on things which they have no clue. If some one asked Warren Buffet if they could invest in Google when it went for IPO, then he might not have agreed. He is not invested in technology and his opinions are based on his experience. Each person talks from their experience or seen someone doing that.
If your friend is an experienced investor with a knowledge of that particular company then he might agree or he will disagree. Are you not going to buy based on his opinion? Maybe you will end up not having invested in opportunity like Google. You can use your close ones to get a second opinion only. Your financial decisions should be based on your analysis and careful decisions. No one should allow your financial decisions being influenced by friends. It may be a good idea not to discuss your personal finances to no one at all. You may ask for opinoin but you have to act on your will and judgement.
Opinion is the medium between knowledge and ignorance.-Plato
