The time for change is today for tomorrow never ever comes; change now or remain woven in yesterday’s cocoon forever. Sol Palha
How to Use Pack Mentality to win the investing game
Continuing from the previous post (Mass Psychology I) we are quoting yet another section of the insightful book that was mentioned towards the end of the previous article. This book in our opinion is a work of art and a masterpiece. The author clearly illustrates the pack mentality in action via actual events that took place over this lifetime. We have discussed these principles over and over again but it is nice to see that someone who was born several hundred years ago, understood the rather misunderstood field of Mass psychology.
We wholeheartedly agree with Montagine on his views regarding education. Public education, for the most part, is akin to rubbish; it is a waste of time. We once stated that individuals enter these institutions with their faculties intact, and emerge on the other end brainwashed and on the border of insanity. Students are taught only to repeat and regurgitate matter, in the same manner, a parrot is taught to repeat several dozen words.
All this is used to con the masses that they have mastered something and are now ready to tackle all the problems they will face in life. In fact, a school only prepares one to be a good robot; it kills all forms of independent thought and forces one to accept that stupid and idiotic concept that working in a group is better than doing things alone. This only serves to reinforce the mass mindset and prepare more dogs for Pavlovian type experiments.The masses do what they are told to and function like good robots, but most have nothing original to contribute. In fact, they are nothing but biological robots.
Pack Mentality is rampant in the financial sector
This action is mimicked by most market technicians today. They take another’s work, add some nonsense and try to sell it off as their own. What is lacking in the field of financial analysis today is new insight and new ideas; the majority are happy to work together re-packaging the same nonsense repeatedly.
To make things look even more appealing, they start to validate each other’s rubbish and thus you have a perfect recycling machine that can take even the worst sewage and churn out a product that smells wonderful but is extremely poisonous to the mind.As stated last week, the only way to understand others is to understand yourself and the only way to teach others is first to learn to teach yourself.
The problem with our current world is that everyone is trying to show the other something of which they know almost nothing of; all they have done is master the principles of the subject matter through repetition and assume that in doing so they are now masters of this subject. Remember masters are just slaves in the making. The moment one gives himself the title of master, the process of learning stops and dictating takes over. Only a student can continue to advance; a master sits there waiting to be dethroned by a former student.
Parents follow societies norm and inadvertently serve as agents that promote the concept of the pack mentality
In truth, however, all I understand of the matters that the gravest and hardest of human sciences is the rearing of children. It is easy enough to beget them; but once you have them, then the cares, troubles and anxieties begin. Their inclinations in babyhood are so obscure, their promise so uncertain and deceptive, it is mighty difficult to have any solid conjecture or judgement about them. Cubs and puppies quickly show their natural bent; but mean as they grow up, fit themselves so readily into received customs, opinions and laws, they soon change or at least mask their true nature.
Hence, it happens that by not guessing their real road we waste our time and pains in educating them to things they are hardly fit for. As to this difficulty, I believe they should be set upon the best and most profitable highways without bothering too much about the hints and signs they give in childhood to which Plato, I think credits undue weight.
Abandon the Pack Mentality; the only way to win to stop being driven by fear
Learning, Madame is a fine ornament and marvellous tool, especially to persons of your rank. While I am sure that you who have tasted of its sweets will not omit this necessary ingredient in the education of your child, I will nevertheless presume to tell you a crotchet of mine, which runs contrary to the common usage. It is about all I can offer you on this subject.
A boy of good family then who seeks in letters not a livelihood or outer adornment but something for his personal use to furnish and enrich his inner being, who wants to make of himself an able rather than a learned man; for such a boy I would have his friends select a teacher who had a well turned rather than well-filled head. We need a man with both, but preferably with manners and understanding than with learning. And we want him t do his work in a new way.
Today’s teachers are nothing but brainwashing agents forcing students to embrace the pack mentality
Teachers are forever thundering in our ears as though pouring into a funnel, and our business is mere to repeat what they tell us. I would have our tutor reform this all together. At the very outset, he should put the pupil on his own mettle. Let him taste things for himself and choose and determine between them. Sometimes the teacher should break a new path and sometimes the pupil. It is well to make the boy, like a colt, trot before him so he can judge the pace and by how much to abate his own speed. This is one of the hardest things I know of. Only the most disciplined and finely tempered of souls know how to slacken and stoop to the gait of children. I walk firmer and surer uphill than down.
Our schoolmaster should judge what his pupil has gained by the testimony of his life, not his memory. Let the boy examine and sift everything he reads and take nothing on trust or authority. Then Aristotle’s principles will be more principles to him that those of Epicurus or Stoics. The diversity of opinions should be laid before him. If his able he will make his choice; if not he will remain in doubt. And if he adopts the principles of Plato through his own reasoning, they will no longer be Plato’s but his. The man who follows another follows nothing, finds nothing, nay, seeks nothing.
Schools are nothing but Jails without the Bars and they actively promote and embrace the Pack Mentality