My first post. Well, my editing has not improved.
Re: This week we're looking like fools
by Newfie » Fri Nov 30, 2007 9:44 am
Recently - some where - I read a brief article on "denial." It is a unnecessary human trait that, on a daily basis, lets us over look the misdeeds and shortcomings in ourselves and those close to us. It can also go too far and then we get into trouble - as in excessive gambling "I'll just win it back."
My 2 cents. Unfortunately, in our connected "global village" we can also have a sort of collective denial. The DOT.COM bust was one example. The recent sub-prime fiasco is another. Simple common sense would have told you it was too good to be true. Yet about 6 months before the dot.com collapse some "expert" ((financial rocket scientist)) predicted the market would go through 4,000 because the "market paradigm" had changed.
My point? Stand back, look at the big picture, trust your long view, realize that in general we are run by the wisdom of crowds (and that crowds elected GWB.)
Personally I'm convinced that I can not predict the short term future with any accuracy. Yet I am pretty sure that things are winding down, we are not investing sufficiently in the future, and we are breeding ourselves to death. Take the long view. I find that tough to do because I want to rush out and "fix" things. But I can't. Very frustrating and against my upbringing. Ditto my wife. Sigh.
Wasn't Casandra considered a fool?










