Saturday, June 04, 2005
'Mankind’s indomitably optimistic spirit has a habit of postponing foggy days until the gloomsters’ warnings and ultimate sanity are called into question. Crying wolf must be done infrequently and with relatively precise timing to be effective and to merit the “Order of the Savant.”' - Bill Gross, bond expert and closet philosopher
I think most bond men and currency men worth any salt are closet philosophers. The problem with this world is that it doesn't have any room for philosophers any more, so those with such a bent have to find another persuasion to put their firepower to work. Bonds and currencies, which are essentially prices derived from just about every economic and political factor you can imagine, are well suited to such a mind.
His point, of course, is that it doesn't pay to be pessimistic. The underlying truth of our existence is that we, as human beings, have a real bias for optimism. Even irrational optimism. Even in the face of obvious obliteration, we still can conjur up a way at looking at the sunny side. At least I'm going to heaven.
We have to remember this, as the shit really begins to hit the fan in the next few years. Just keep looking at the bright side. Reality is created by perception, and so it won't do nobody any good to get all down about it.
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