jump to navigation

Lot’s of time to think and muse on a variety of topics May 5, 2020

Posted by shaferfinancial in Finance, Mutual Funds for Retirement, Retirement Income.
trackback

I have had a lot of time to read, think, muse of a variety of topics. I just finished a book by Susan Orlean called The Orchid Thief

I loved her writing and found this section on Florida really interesting:

Nothing seems hard or permanent; everything is always changing or washing away. Transition and mutation merge into each other, a fusion of wetness and dryness, unruliness and orderliness, nature and artifice.

Although this was a great description of the state of Florida, I think it also perfectly sums up the finance world. Probably my biggest gripe with the financial planning world, is they try to convince people the financial world can be made orderly and understandable. They try to tell you that their strategies control risk or even in many cases eliminate risk. Just let them manage your money and all will be well. But, in my opinion, nothing seems hard or permanent in the financial world, everything is always changing or washing away. Transition and mutation do merge into each other; unruliness and orderliness mix in weird unpredictable ways.

Instead should we not admit to lacking the ability to predict, to control (risk), to not know when we have unruliness or orderliness and what that means? Are there really a class of individuals that can know the meaning of all the above?

Last year my wife had breast cancer. My business suffered because I suffered. This year it is an unruly virus creating fear and uncertainty. As my son pointed out, the numbers (cancer survivor numbers) make him feel like he had some control over an event that was impossible to process. I find myself digging into Covid 19 numbers now for the same reason. But the numbers are an illusion of control. Just like those pretty charts the financial planners use and the illustrations I use. They may make you feel better, but reality always has plans for you.

The pubic health officials are going through the same awakening. Their models, based on their understanding of how a virus infection spreads, are just an illusion. They don’t seem to get this. Funny, how from week to week, their models need to be changed and give out widely different accounts. Then when reality doesn’t appear to be concerned with their models, they will recalculate again and again, never getting it right. Yet, we are expected to bend to their model’s version of reality instead of what our senses are telling us.

Transition and mutation merge into each other, a fusion of wetness and dryness, unruliness and orderliness, nature and artifice.

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: