Mark Kohler warns against pursuing tax and legal strategies you don't understand, comparing it to a tram operator's caution about dangerous activities. But you can learn what you need to know and take control of your own financial decisions.
100 people in this little box. It's swinging as you're going up. All of a sudden, we didn't realize there's a little resort host. And he goes, okay, everybody, if you're not an expert, you're going to take some pictures and get on the tram and come right back down. And then he says, if you don't know, don't go. The takeaway was. And it really hit me hard. I don't think I'll ever forget. It was just like with any tax strategy or legal strategy or whatever. It's like, if you don't know, don't go. But it doesn't mean you can't know. You can study it, you can learn it, you can captain your ship.
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