I read in the paper the other day that at UT Austin, some groups are now meeting in bars, that, according to the article, is the only place on campus where they feel safe—nobody has a gun. I read it twice thinking it was a joke, but no. It is so. “Is anybody in charge?” I asked myself. Don’t people know that actions have consequences and that passing a law without taking into account all the possible consequences gives you a lifelong membership into the Moron Society?
Of course, people are incapable of looking into the future and anticipating the outcome of their actions. Predictions, they say, is a risky business. The added problem is that once the outcome becomes inevitable, most times we don’t have the knowledge to know what to do or the tools to do it with.
Reminds me of smoking: for the most part, we know the consequences. Then again, it’s not a certainty. Some smokers get a horrible disease, others do not, yet all are willing to risk life hoping they won’t be one of the unfortunate ones, while exposing friends and family to the risk, willy-nilly.
Phillip Morris I found out, was one of the stocks recommended by Warren Buffet a few years ago as having huge growth potential. Same goes for Coca Cola. He was explaining why he bought a 10% stake in both. Does this make any sense?
If you were a well-informed investor but didn’t know a thing about human nature, you’d invest in Kale and Celery farmers, plus a company that made walking shoes. And you’d be wrong. Mr. Buffet, no doubt, knows human nature.
Well, I don’t pretend to know human nature. I know this because I’m always surprised at what people do. “What?” I say often. “Wait, wait, that can’t be right.” But it usually is. 🙁
mt
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