Recently I was paging through a Tony Robbins book and came across the following idea:
"You and I know why people don't do well financially… there's a core belief that most people have: they should get something for nothing. Most people, for example, expect their income to grow each and every year, whether they've increased their contribution to their company or not. Raises should be tied to increased value… If you're asking for a raise, you've got to find a way to add… more value."
In an everyday working sense, this is all very logical. Compensation ought to have a relationship to how much effort you put in. Of course the investing world is a whole different animal. I was struck in particular by the line "whether they've increased their contribution or not." As we're about to see, with investing this could be even more extreme.
