Showing posts with label dedication to reality. Show all posts
Showing posts with label dedication to reality. Show all posts

Mar 3, 2026

Kevin Duffy on pursuit of the truth

Once you realize pursuit of the truth - dedication to reality at all costs - is the key to investing and life, you realize there is no other choice.  Being uncomfortable then becomes your comfort zone.  Since others prefer comforting lies, this becomes a massive, durable edge in both games (life and investing).

~ Kevin Duffy

comforting lies / unpleasant truths 

Jun 29, 2025

Hannah Arendt on simple narratives and truth

Clichés, stock phrases, adherence to conventional, standardized codes of expression and conduct have the socially recognized function of protecting us against reality. 

~ Hannah Arendt

1977


Sep 24, 2024

Caitlin Johnstone on uncomfortable truths

To be an authentic person is to constantly plunge headlong into the uncomfortable, the unfamiliar, the unknown and the unpredictable, even when doing so feels like a kind of death, for no other reason than because that’s where the truth is. 

It’s to always welcome the truth with open arms, even when it is unpleasant, embarrassing, inconvenient or downright terrifying, come what may. 

~ Caitlin Johnstone, "To Be an Authentic Person Is To Stare Deeply Into the Face of Uncomfortable Truths," LewRockwell.com, September 24, 2024



Nov 20, 2022

Jeffrey Tucker on market forces revealing reality

I like markets most when they tell the truth.  Politicians don't.  Bureaucrats don't.  Media does not.  But market forces, they can be tricked for a very long time, but in the end there's a hard wall: it's called economic law.  And the numbers in the end have to add up.  So there's nothing Washington can do about this.  We're going to see the truth and I'm excited about these times.  As you say, it's going to be painful, but I'm glad for it because you don't want to live in a world of leverage and fraud and fakery forever living off perpetual motion machines that are going to die out.

~ Jeffrey Tucker, "FTX cryptocurrency scandal is just the beginning," Will Cain Podcast, 28:30 mark, November 15, 2022



Nov 1, 2022

Aristotle on deviation from the truth

The least initial deviation from the truth is multiplied later a thousand fold.

~ Aristotle



Sep 25, 2022

Robert Murphy on admitting that the people you hate sometimes say true things

If you allow yourself to admit that the people you hate sometimes say true things, it's extremely liberating and keeps you from painting yourself into a corner.

~ Robert P. Murphy, tweet, September 24, 2022



Sep 22, 2022

George Soros on mistakes

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.  Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.

~ George Soros



Sep 6, 2021

Jordan Peterson on self improvement

Compare yourself to who you were yesterday, not to who someone else is today.  See, that's a game you can win.  The possibility that you can make yourself slightly better on a continual basis... I think that's something that's accessible to everyone.  I think that's equivalent to leading a virtuous life.  There's something to be said for virtue and truth.  That's another thing I've noticed about people who have been phenomenally successful, is that they really do everything they can to live a truthful life.  You get a bloody long ways by being honest.

~ Jordan Peterson, speech on YouTube, 3:30 mark, July 26, 2021



Aug 19, 2021

William Arthur Ward on adaptability

The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.

~ William Arthur Ward, American motivational writer



Aug 7, 2021

Charlie Munger on dedication to reality

Your life must focus on the maximization of objectivity.

~ Charlie Munger



Jan 18, 2021

George Orwell on denial of truth

However much you deny the truth, the truth goes on existing.

~ George Orwell



Jan 10, 2021

Gad Saad on the Left vs. Right attacks on truth

I would argue that the types of nonsense that the Right and Life espouse - the attacks on truth - are not equivalent in how poisonous they are.  Let me explain why.  The Right might reject a particular theory, whereas that we know is true.  A scientific theory. Say we reject evolution because... whatever, our Christian beliefs.  But on the other hand, the Left has completely rejected the possibility that truth even exists.  So one of the idea pathogens that I discuss in the book - the grand-daddy of all idea pathogens - is false modernism.  False modernism is the "philosophical movement" that argues that there are no objective truths.  Right?  Everything is shackled by subjectivity.  Everything is shackled by your own personal biases.  There is no such thing as truth. 

Well, as you might imagine that's very disconcerting to a scientist because we do wake up every morning thinking that there are truths to be uncovered.  We do use the scientific method thinking that we're going to make some contribution to some greater truth.  Now, of course, truth can change.  Right?  What was truth in science 300 years ago may need updating.   That's why we talk about provisional truths in science.   But the epistemological attack on truth - the fact that Left or some Leftists negate even the possibility that truth exists - that strikes me as profoundly more nefarious as an idea pathogen than anything coming from the Right.

~ Gad Saad, "How Infectious Ideas Are Killing Common Sense," Stansberry Investor Hour, October 8, 2020



Nov 9, 2020

Kevin Duffy compares investors to politicians

Investors, by necessity, are truth seekers.  With their own capital at risk, they are subject to relatively short feedback loops.  Deviation from reality can be costly... 

Politicians, by contrast, are truth deniers: they have little skin in the game and feedback loops tend to be much longer.  They traffic in lies, their constituents in self-deceit.  They excel at kicking the can down the road.  Still, they are not immune to the laws of economics which, when they finally exert themselves, often do so with a vengeance.

~ Kevin Duffy, "The Trouble With Conformity," The Coffee Can Portfolio, p. 3, November 2, 2020



Oct 25, 2020

Gad Saad on higher education and feelings

When you attend a university, it is not for the coddling of your feelings.  It's for the growth of your intellectual landscape.  And so once you pit these two systems against one another, only bad things can come of it. 

~ Dr. Gad Saad, "How Infectious Ideas Are Killing Common Sense," 19:28 mark, Stansberry Investor Hour, October 8, 2020



Jun 19, 2020

Vasko Kohlmayer on the twilight zone of official narratives in the Soviet Union

The narrative of the twilight zone of my youth went roughly as follows: Socialism was the greatest socio-economic system ever devised while capitalism was very, very bad. The Soviet Union was a paradisiacal land of freedom, opportunity, prosperity and happiness. The United States, on the other hand, was a country of exploitation and oppression where most people were bound, destitute and miserable. This official narrative was constantly and relentlessly promulgated from every quarter of our twilight zone: television, radio, textbooks, arts, newspapers, magazines, etc. Needless to say, the narrative ran in complete contravention of reality. The actual truth was that socialism was no good. On the other hand, most people in the United States were free, quite prosperous and reasonably happy while the Soviet Union was pretty much an all-around hellhole.

Those who attempted to point out the truth or question the authorized storyline were promptly silenced, suppressed and punished. As a result of the swift and efficient censorship the false narrative prevailed and took a deep hold on the societal mind. And because it served as the paradigm for reality, it distorted and turned upside down almost every aspect of life: the good was bad and bad was good; white was black and black was white. The values and ethics in the twilight zone became inverted.

~ Vasko Kohlmayer, "Twilight Zone USA," LewRockwell.com, June 19, 2020

Jun 10, 2020

Benjamin Graham on the intelligent investor

The intelligent investor is a realist who sells to optimists and buys from pessimists.

~ Benjamin Graham, The Intelligent Investor

The Intelligent Investor Rev Ed 4th edition 9780060555665 0060555661

Jan 23, 2020

Kevin Duffy on trusting the experts

I’m an investment analyst. My job is to question the experts. In fact, what I’ve learned over a 35 year career is that the experts are almost always wrong when a) their ideas are simple, b) repeated over and over, and c) widely embraced by the crowd. This is how propaganda and the Big Lie work.  If you ever want to get to the truth, you’d better understand this.

~ Kevin Duffy, exchange on Quora, response to argument from authority, January 23, 2020

Image result for folly of experts

Jan 1, 2020

James Garfield on truth and error

I love agitation and investigation and glory in defending unpopular truth against popular error.

~ James Garfield

Image result for scott 282 stamp
James Garfield
1898

Nov 6, 2019

Edward Snowden on the forming of beliefs at an early age

At the age of 22, when I entered the American intelligence community, I didn't have any politics. Like most young people, I had solid convictions that I refused to accept weren't truly mine but rather a contradictory cluster of inherited principles. My mind was a mashup of the values I was raised with and the ideals I encountered online. It took me until my late twenties to finally understand that so much of what I believed—or what I thought I believed—was just youthful imprinting. We learn to speak by imitating the speech of the adults around us, and in the process of that learning we wind up also imitating their opinions until we've deluded ourselves into thinking that the words we're using are our own.

~ Edward Snowden, "I Went to Work for the Government and I Found a Failed System," Reason.com, November 5, 2019

Image result for eric snowden

Aug 12, 2019

Voltaire on detachment from reality

Those who can make you believe absurdities can make you commit atrocities.

~ Voltaire

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