It was really interesting watching CNBC’s reporter Phil LeBeau interview a lot of the heads of the major automakers yesterday. But before I get into what the industry leaders said, I wanted to begin with a question. Why do we spend the bulk of our time (as investors) analyzing the return, and very little time focused on the investment?

Go back and read the question again. Because the point that I am making is perhaps one of the most overlooked aspects of investing. And it filters into every facet of our lives. Remember investing is merely the allocation of resources, most noteworthy being people’s time and abilities.

For example, this morning, I began wit ...