Eternal sunshine of the spotless bulls

“A great deal of intelligence can be invested in ignorance when the need for illusion is deep.”

 

-       Saul Bellow.

 

 

Human beings are suckers for narrative. We love to be entertained with great stories. But a problem arises when popular media subordinate all things to the cause of entertainment, a topic well addressed by the late Neil Postman in his critique of television, ‘Amusing ourselves to death’ (Methuen, 1987). Goodness knows what he felt about the Internet.

 

If we are suckers for narrative, we are also easily seduced by determined optimism, a topic comparably well handled by Barbara Ehrenreich in her study ‘Bright-Sided: how the relentless promotion of positive thinking has undermined America’ (Metropolitan Books, 2009). When relentless optimism mates with financial markets, the result is almost always a disaster.

 

Occasionally one comes across a message that is so well delivered that it demands to be repeated. The following is such a message, which was originally published in the form of a monthly letter to shareholders of the Edelweiss Fund by Tony Deden of Sage Capital Zurich AG. It is reprinted here, in part, with his kind permission.

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Comments

[generic cialis]

i like this part of the blog:"Human beings are suckers for narrative. We love to be entertained with great stories. But a problem arises when popular media subordinate all things to the cause of entertainment, a topic well addressed by the late Neil Postman in his critique of television, ‘Amusing ourselves to death’ (Methuen, 1987). Goodness knows what he felt about the Internet." is very good