August 27, 2016

Think for Yourself


There are always gurus, elites, experts and false prophets who want to tell you what to think. Follow us and all you have to do is … Invest in Penny Stocks and make a fortune. The future is plastics. Real estate will go up forever.

History is full of Horrors - Mao’s Cultural Revolution, Hitler’s Nazi concentration camps, Leopold II of Belgium in Congo, Jozef Stalin Russian Gulags & Purges, Hideki Tojo Japan civilian deaths in WW2, Ismail Enver Ottoman cleansings, Pot Pol Cambodia and Kim Il Sung North Korea purges & concentration camps. These leaders each killed between 1.5 million to 20+ million people during their reigns.

Plenty of people will run your life if you let them. Even though am religious, history has churches, temples and mosques that advocated conquering neighbors.

The secret is to listen to everyone, then make up your own mind. Disagree with what makes you uncomfortable. Be nice, but make them defend their ideas. Try to improve their thinking as well as your own.

I read people who I disagree with. Paul Krugman comes to mind. It is not that he is not smart nor doesn’t make good points. There are many times I agree with Paul. It is my worldview does not believe central planning can control something as complicated as an economy. If anything excessive government regulations have reduced the US economy by 1 - 2% over the last two decades. Unlimited stimulus by the Fed has produced less and less economic improvements. But by reading Paul I find I have to think about my assumptions and ideas to see if they are correct.

The problem we all have Blind Spots and Confirmation Bias. We look for information that confirms what we believe, and ignore evidence we may be missing the mark.

My saving grace is if someone else has a better idea, or better combination of ideas, I give them credit and advocate the better ideas. Am smart, but we can always build better plans with small motivated groups. We can learn from everyone.

By the way you have permission to disagree with me, and tell me about it.

Good Thinking Everyone.


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