If I am not mistaken this fashionable contempt for “ideology,” or for all general principles or “isms,” is a characteristic attitude of the disillusioned socialists who, because they have been forced by the inherent contradictions of their own ideology to discard it, have concluded that all ideologies must be erroneous and that in order to be rational one must do without one.
Month: March 2014
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Ideology and Principles
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Vanilla Consensus
Ten men in a room trying to come up with their favorite ice cream are going to agree on vanilla.
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Education and Learning
Education is what people do to you, learning is what you do to yourself.
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Mispriced Gamble
You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.
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Certainty and Reliability
A good scientist is never ‘certain’. Lack of certainty is precisely what makes conclusions more reliable than the conclusions of those who are certain: because the good scientist will be ready to shift to a different point of view if better elements of evidence, or novel arguments emerge. Therefore certainty is not only something of no use, but is in fact damaging, if we value reliability.