The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-10-09

advice and lost. Thousands % cases
very much like these could be men,
toned here. and you can recall SIM
Tar happenings and losses IN your
own experience or observation. Did
you ever miss a good thing because
you took somebody's ady.ce7 When
the president OF the oyster Growers
Cooperative Assoc ton came from
< ntucisy 20 make his home IN Flori-
da he purchased four farms the first
week after landing In Florida. It's
true, he had more money than
brains. and didn't have much Of
either. However. in the purchase OF
his NOW much priced HOME
PLACE. OF ''eight beautiful springs"
certain friends said: .Yu are a fool
to put that much money IN the Wild
wood. on which there Is not cent
OF present income" The purchaser
replied to the advice Of his honest
friends that: Sometimes fools rush
IN and do things while the wise stand
idly aroend." and since making the
desert blossom as the rose" with
orange groves, waving meadows,
vineyards and growing gardens,
THESE SAME friends would GLAD
I.y repay the owner OF the wild
WOOA EfEA NEtAN 1AtN@1A~AA Z AfttAy N-AA
times the original amount paid for
the property. It pays to use your
OWN judgment instead OF seeking
advice from friends or acqualRtances
UNLESS you are spending YOUR
FRIEND'S MONEY. The ONLY
conceivable excuse for asking
friends advice Is WHEN you are
using HIS or HER MONEY. In a
certain purchase OF 1000 acres Of
land, the president OF the Oyster
Growers Cooperative Association
was advised BY a sincere friend: *Do
not make this investment. better
save your money" Despite the
friends advice, the property
was purchased and paid for.
and Is worth today, perhaps, sos
more on the acre than the purchase
price, Had the investor taken his
friends advice on this ONE deal,
his loss would probably have been
100000. and would this friend have
made good" this loEs2 No, no. The
biggest mistake a person ever makes
is taking the advice Of friends or ac-
quaintances on investments.
It certainly does NOT pay to take
the silly advice of fr'ends-espec,all
on oyster culture. II your friend is
as llTANOlNANI on oyster CULTURE
as was the president OF the oyster
Growers Cooperative Association
BEFORE ne made a special study
ON THE GROUND FLOOR OF this
great business, his advice is LIKE
AN OLD MAIDS ON RAISING
CHILDREN. 1t Il silly to GIVE I'd.
vice on a proposition about which
the adviser knows NOTHING, and
it's silly TO TAKE such advice. What
does your friend know about oyster
culture? Make him show you his
credentials or at least REASON s.
BILE EVIDENCE or FACTS. Why
seek his advice? Even your POOR
judgment does NOT make his advice
WISE.
Your friend will advise, but II you
take his advice and thereby lose, he
win NOT pay you the LOSS occa-
stoned by his silly advice. Unless
you are investing your friends OWN
money, or UNLESS be WILL
AGREE to PAY YOUR LOSS OF
your neighbor makes good in taking
ons OF the shares which you would
have talEenl. do NOT be WEAK
enough TO turn down an invest
rnent" on friends advice-or even
the advice Of an acquaintance. Use
your OWN Judgment, and II you
HAVEN'T any Judgment. DON'T try
to profit by fhe advice OF a person
who has LESS judgment than You