Long or Short Capital

The great mass of people form their political beliefs with little regard for facts or logic. However, the elites also have a strategy for avoiding truth. Elites form their political beliefs dogmatically, using their cleverness to organize facts to fit preconceived prejudices. The masses’ strategy for avoiding truth is to make a low investment in understanding; the elites’ strategy is to make a large investment in selectively choosing which facts and arguments to emphasize or ignore.

-Arnold Kling, Two Strategies for Avoiding Truth

Past Quotes Entirely Relevant to Investing

 Email this post |  Print This Post