A professor and an investor are walking down the street when the investor sees a $20 bill and stoops down to pick it up. The professor says "Don’t bother. If it were really there, someone would have picked it up already."(The joke is that markets are supposed to be efficient, so investors can't make any money as everything is "priced in" into any speculative asset already. The professor believes that markets are efficient because that's what his theories says. Meanwhile, investors make money.)
Now, the question to you to think about is: Do you recognize the problem with the thought process of the professor, and notice how this is evident in reality? For extra credit, think of all the bullshit you are surrounded with on a daily basis. I am not only talking about politics. Even in allegedly high-IQ jobs people throw around bullshit phrases like "best practices" in order to justify borderline moronic processes. It's as if every excuse is good enough as long as it lets them avoid using their brain. You think I'm too radical? Read up what has become of the companies that were featured in Peters' In Search of Excellence.
The root cause is dogmatism, paired with laziness. Sadly, there are often perverse incentive structures in place that only encourage this behavior. It is everywhere you look. The blue pill virgin laughs at the guy with 100 notches, claiming that it is "ridiculous to not want to have a girlfriend". The slimy realtor tells you that "housing prices always go up". The douche from your bank somehow tells the same about stocks. The politician claims that bringing in two million uneducated brutes from some of the most backward regions on the planet will boost the economy. Your girlfriend throws a fit because "if you loved me you would take me on a fourth trip this year".
Thus, blind dogma, paired with stupidity, keeps people from seeing the truth. The dogmatic professor never picks up a $20 bill because to him it's not there. To him he is just imagining it. The bitchy girlfriend never changes her behavior because all the dudes who didn't pump and dump her are spineless chumps. The politician gets a nice cheque from Soros' Open Society Foundation, so unrestrained mass immigration is great. He's doing good work and even gets paid for it! The dimwit from the bank with his shitty MBA from a lower-ranked business school doesn't know enough about financial markets to form an opinion, while his realtor buddy probably wasn't even smart enough to crack 8th grade maths but who is still a genius compared to his recruiter buddy who calls up engineers telling them about "great oppatunitees wiff a groin' tech 'ouse". And of course the blue-balled blue-pilled loser is too concerned about the opinion of his equally spineless friends who would drop him the moment a single mom in their late 30s couldn't find a better host to leech off.
The morons currently have the upper hand. I mean this quite literally. It is absolutely mind-boggling how incredibly stupid some of the most powerful people in the world are. The average person is a fucking moron anyway. It is as if they all live in a complete make-believe world. However, I think we are currently seeing the beginning of a push back. Egalitarianism has fucked up the West pretty badly, though, so it is dubious whether we will be able to recover.
What do you think? Let me know in the comments below!
(Also, if you’ve got a comment that is off-topic or only tangentially related to this article, then please post in the most recent Open Thread. Thank you.)