Many years ago, I learned that the worst companies are the least-inclined to seek outside advice whereas the best-run companies seek fresh perspectives on a regular basis.
The same goes for individuals.
But let's broaden that scope.
The older and more experienced people have the resources and habit of getting outside opinions in order to make sound decisions.
But many of the most important decisions occur early in life and are made by the young.
And those innocents have few, if any, sound advisors.
But they have a lifetime to review their performance.
If they are wise, they'll learn the lessons and exile the regrets.
