A View Askew
(Or: Did the Dinosaurs See the Comet?)
Most of us are aware of confirmation bias –
it’s the very human trait that makes all of us seek out information that
confirms our beliefs. It’s always been around. Unfortunately – or fortunately,
depending on your view – modern media makes it that much easier to scratch this
particular itch. Fox news, MSNBC, ( NPR?), the internet – all feed this need
24/7. Nothing wrong with using them but just know WHY you are watching them –
or why you just forwarded that stupid political email!
Thank you for asking! Mostly, I follow
several financial and economic blogs (and newsletters). Why, you may ask, since
the Pederson fortune could easily be managed with a piggybank? Well, because most people that are smart
about finance and investment tend to be politically agnostic. Not that they
don’t have biases, it just that bias and smart investing do not go
together – you need to be ruthlessly apolitical – so they try to steer away
from dumb, biased thought. Also, they tend to steer readers to articles and actual
data that support their ideas.
Finally, and just as important, they usually
have REALLY smart readers who make comments that help me understand the issue –
just like my friends here!
I do
read the paper. Yes, the Star and Sickle - it’s all we got. (Paper version,
sorry.) I never watch the national news on
any network. I never watch Chris Matthews or the Ed Show nor would I waste
precious minutes of my life on O’Reilly or Hannity; they’re all just confirmation
looking for a bias. I really just read a lot of stuff and try to form my own
conclusions. I’m certainly still biased but at least it’s MY bias and nobody
else’s.
This leads me
to one final thought about this. It occurs to me that getting your own facts
and opinions takes a lot of time; I could never have done this when I was
younger and working – I had to make a living. So maybe we’re all doomed to be
biased and/or uninformed until we get old.
Geez, that’s
depressing!
Things That I Think About
Halloween is
for . . . Adults? Lately I have been thinking about
Halloween. No big surprise given that it’s mid Oct. More to the point, however,
I have been thinking about the recent articles that tell us that adults have
now taken over Halloween and turned it into a major adult holiday. (Guess
it isn’t enough that we have screwed up most other childhood activities with
our meddling – follow this link for more proof: http://www.cnbc.com/id/101122473.) It got me
to thinking, though, about a book I read some time ago called “The Sibling Society” by
Robert Bly. Bear with me here.
It has been pointed out, and with some accuracy, I think, that “we” (babyboomers) really don’t want to grow up. (This is not to be confused with the last newsletter which was about getting old. Getting old and growing up are two very different things!)
In any event, we are the charter members of the “eternal youth” movement. Doing everything to look, act and, ostensibly, stay young is pretty much a generational quest.
I
do not say this as an outsider to that quest. I assure you I remember very
clearly what my mom and dad were like when they were my age – they were
ooold! Of course, they were appropriately
old - they looked like everyone else their age – but everyone looked old
when they were my age. I, on the other hand, do not wish to look
old. I don’t dye my hair (my pop did that and had the most lovely
burgundy hair you’ve ever seen) nor try to sag my pants or anything but I
definitely wish to be thought of as “youthful’ in look, spirit and demeanor.
It’s certainly not a sin – nor even nonsensical – to want to look and feel your
best. (In support of that I hypothesis as I write this I have my teeth whitener
contraption in.) However, when taken to its logical conclusion it is possible
to conclude that perhaps it’s more than just outward appearances
and health issues that Bly is talking about.
Bly
acknowledges this trend and provides some evidence that we (that’s
you and me, pal) are a generation of individuals who refuse to grow up. More
importantly, we seem – according to him - to refuse to accept the thousands-of-years-old
responsibilities of growing up. By that I guess he means that we have kind
of lost the distinctions that separate generations. (Or in other words, we kind
of reject many of parenthood’s usual roles.) Bly being Bly, he attempts to link a whole bunch of different pieces of evidence from across many disciplines such as sociology, anthropology, mythology and blah, blah, blah to kind of say that maybe we are actually evolving toward something really new and different; the wholesale rejection of adulthood as a life stage, experience or outlook – we will skip adulthood and stay forever kids - until we keel over, I guess. Thus, continuing to focus only ourselves and, for example, wanting to be pals with our children. (And co-opting their holidays, I presume?)
And you know what? I’m not so sure he’s wrong that this might be an evolutionary type thing because I’m also not so sure it’s just our generation that is acting this way - have you taken a look at many younger parents today? (The so called helicopter parents?) They aren’t babyboomers (well, maybe younger babyboomers) but seem to be showing a lot of the same symptoms. Maybe we are evolving to some other perpetual youth mode or at least a lot different than past parents.
Well, it gets very Freudian and Jungian and many other ian’s but, as is often the case, there appears to be a nugget of truth in here somewhere. But that begs another question: if true, is this necessarily bad? All I can say is . . . Hmmmm
But
back to Halloween. I certainly hope I won’t have to hurt many kids as I elbow them
out of the way for treats.
Golf and Other Crimes Against the People
I have
lot of golfers as friends and readers here but for those that aren’t I can only
assure you that is not the beginning of endless golf stories and the flimsy,
golf-as-life allegories. No, I won’t do that . . . but I will occasionally inflict
you with a story or two. It won’t hurt much.
With
the approach of winter most common sensed Minnesotans start to prepare the yard
and the house and stuff. Not so golfers. In fact, some golfers – and you know
who you are – refuse to accept that winter is actually coming and will continue
to try and play through 30 degree weather and maybe a couple inches of snow in
the earnest hope that winter will skip us (as it did the winter of 2011-2012
when yours truly played golf on Dec 26th and Jan 9th.) Is this
normal behavior? No, not for most people but then golfers aren’t normal.
There
is a smug superiority that most golfers have (not me of course); that we know
better because we play what is essentially an impossible game (Others might
call it masochism.) Impossible to master, impossible to ever relax and enjoy
and certainly impossible to understand the rules. (Did you know that if your
ball comes to rest in an orange it must be played as is or take a penalty
stroke? Not kidding.) It’s expensive,
time consuming and frustrating – what’s not to love?! So yeah, golfers think we
are God’s gift to the sporting world. This superiority expresses itself,
however, in a lot of unattractive ways to the average person. We consider it a
license to use bad words when the $!*#&^% ball doesn’t go where we want it
to – which happens with alarming frequency. We are allowed to wear incredibly
bad clothes (although we are getting better; well, I am – no more cutoffs and
wife beaters for me!) We think nothing of abandoning our family dinner for an
“important business meeting” – at the course. Finally, we look down our nose
with disdain at the poor wretches who are content to be . . . content without
golf.
You
know, as I think about it, this is Minnesota, land of 10,000 treatment centers;
maybe someone could start one to treat golfers. You know, like “Linksters
Anonymous.” Or “Choose Normalcy, not Golf.” This could be a real money maker
because you’d have more repeat patients than the smokers or alcoholics combined!
I’ll
get right on this after the season . . . should it ever end.
I Got Your Debt
Limit Right Here!
Disclaimer: this not intended
to be a political statement. It is my opinion but hopefully founded mostly in
logic and facts. However, it is kind of hard to not SOUND political when you
are talking about knotheads (and there are plenty on both sides.) For the
record, I am a political agnostic leaning towards populism.
Whew, glad that’s budget
thing is over! Do you wonder what happened? Here you go.
So, have you ever
heard of the Münchausen Syndrome by Proxy?
(Look it up.) In this case an example of that disease would be this: a problem
intentionally created (budget and debt limit) so that someone could take the
credit for solving it (Politicians.) Both parties play the game but this one’s
on the Grand Old Party; the goofs somehow got into the control room and started
pushing buttons and - voila – instant crisis!
So about their
strategy. Okay, so you’re these guys and you really, REALLY hate something (oh,
let’s say the Affordable Care Act, ACA, or Obamacare) but you haven’t been able
to get the votes to defeat it. Even worse, the dad gummed Supreme Court
(the same one that said corporations and unions can buy any election,
um, I mean can spend as much money as they want anonymously on elections) said
the act was mostly legal.
So what’s the best
way to get what you want? Why, shutdown the government, of course! And if that
doesn’t work?
Then how about
threaten not to pay bills - that Congress had already appropriated and spent - unless
you get your way? Oh, that’s much better.
But it does get even
better! How did the Republicans decide which was the best way to go about this?
Have a guy who’s an evolution denier (sorry, that’s pretty much a game stopper
for me but he has other bizarre ideas too), Sen. Ted Cruz (R-TX), set this
agenda. For the record, the Republicans didn’t really select him, he kind of
self-selected - much to the chagrin to the vast majority of Republicans who don’t
have mad cow disease. Also, for the record, after throwing poop in the punch
bowl, Cruz effectively disappeared (except for getting big campaign
contributions) - so much for leading from the front!
As if you need more proof of the strength of this strategy how about
this? Rep. Marlin Stutzman
(R-Ind.) “We're not going to be disrespected," he told The Washington
Examiner. "We have to get something out of this. And I don't know what that even is." (Emphasis mine) Geez, sounds like something you’d hear from a gang banger not an elected
congressman.
You may think that
I am making fun of all of the so-called Tea Party guys but I’m not; I actually
agree with many (okay, some) things that they espouse.
But these goofs and
others that caused this mess are all probably pretty representative of the
thinking – or lack thereof – that dominates a small minority of
Republicans today and it is going to kill them politically. And that would be
very, very bad.
Lord knows, we need
a strong (mentally stable) Republican party to keep the goofs on the left in
line.
So, the crisis is
over for now. We can breathe a sigh of relief that our fine political leaders
have averted disaster . . . again. (Thank God, now we can go back to watching
the Kardashians.)
This was a dumb
strategy and I am really glad that this tactic didn’t work. It remains to be
seen, however, if either party learned the larger lesson here: Americans don’t
like blackmail no matter how much they might not like the other side. (Unless
you, of course, you mess with the Kardashians.)
I guess we’ll find
out in January. Any bets?
Another Issue Endured
Thanks
for the generally positive feedback on this experiment. I encourage all
comments (keeping in mind my two rules) so please feel free to speak your mind.
If
you like this, please feel free to share.
Next
up, what is “upscale” and do we care?
In
the meantime, be a good citizen of your world . . . and don’t be a dope!
Quote Du Jour
“There is
nothing more frightful than ignorance in action.” Johann Wolfgang von Goethe, Collected Works
A View Askew
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