The Diminishing Value of the Truth

The problem here is the lack of power that the truth has on members of the Democrat Party.

Rush Limbaugh, May 1, 2019

He was talking about the Democrats but it applies to most, if not all, politicians. They just don’t care about the truth. They are to the point where they are more comfortable telling lies (or whatever euphemism you want to use) than they are telling the truth. It’s all very sad.


Progress is Not Always About Moving Forward

“We all want progress, but if you’re on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.”

C. S. Lewis


From the Ace of Spades (emphasis by me):

“Grrl power is based on wanting girls to be courageous. But the writers who do the scripts for grrl power movies seem to have have a fundamental misunderstanding of courage. Courage does not mean not being afraid of anything. I was watching the live-action reboot of Disney’s ‘Beauty and the Beast’ and I really got tired of the heroine, who kept saying “I’m not afraid” over and over, even in situations where she really ought to be afraid. That’s not courage, that’s foolhardiness. Like that stupid ‘fearless girl’ sculpture they put in front of the charging bull on Wall Street. Within about 5 seconds, the girl is going to be dying from massive internal injuries caused by horns and hooves. No, courage means being able to put aside your fear so that you can do whatever duty is required of you. ‘Fearless girl’ isn’t really doing anything, she’s just striking a pose. That doesn’t mean girls can’t be brave. They certainly can be. You know who I think is a good example of grrl power? Dorothy Gale. You know, the character played by Judy Garland in the classic Wizard of Oz film. I don’t know about the character in the book, but in the film version, Dorothy spent most of the journey through Oz scared to death. But do you know what? She slapped a dangerous lion in the snout. She threw water on a witch. And she called out a wizard with god-like powers for being a lying sh*tweasel. She was not any less afraid, but but she did what was needed to be done at the time she needed to act. That’s courage. That’s grrl power. And she didn’t just stand there striking a pose.”

Opportunity Costs Just Went Up

From Seth Godin:

Every choice has a price.

If you have $100 to invest and you buy this stock instead of that bond, the interest you gave up in making your choice is your opportunity cost.

At the dinner buffet, you can take as much food as you like, but you can only consume so much food. Which means that eating the jambalaya means you won’t have room to eat a dosa. That’s your opportunity cost.

Opportunity cost is the key to making decisions. Once you know the value of the alternatives you’re giving up, you can be smarter about what you’re choosing to do.

Time is finite. We only get the next hour once, and then it’s gone forever. So choices about how we spend or invest our time come with real opportunity costs.

A car with a bumper sticker that says, “I’d rather be surfing,” tells us a lot about the driver (including the inconsistency of his or her actions). But it’s proof that each of us wrestles with opportunity costs every day.

With that in mind, the cost of watching a cat video on YouTube is real indeed.

And the internet has raised the opportunity cost of time spent.

Our access to the world of learning and online resources means that the alternatives are far more valuable than they used to be.

You’re about to spend 11 minutes perfecting an email to a customer. You could do a 90% ideal job in one minute, and the extra 10 minutes spent will increase the ‘quality’ of the email to 92%.

The alternative? Now, you could spend that ten minutes reading a chapter of an important new book. You could learn a few new functions in Javascript. You could dive deep into the underlying economics of your new project.

Or perhaps you’re about to spend an hour manually cleaning a database or tweaking some image files. You do this every day.

Today, though, you could invest an hour in learning to build a macro that will do this recurring job in just a minute a day from now on. Or you could figure out how to hire a trusted freelancer who will do the job on a regular basis for far less than it’s costing you to do it yourself.

Next week, the choices you made at the buffet won’t matter much. But if you learn a new skill, you own it forever.

Human beings don’t like thinking about opportunity costs. As they approach infinity, it’s easy to get paralyzed. As they get harder to compute, it’s difficult to focus and be mindful of the choices already made. That’s a challenge.

But worse, far worse, is to ignore them and fail to learn and connect and level up.

Line of the Day – About Unions

When the United Auto Workers walk off the job, no one pretends that they are acting in the interests of car buyers. Everyone knows union members want better wages, benefits, working conditions and job protections, and going on strike is an effective way to exert pressure on employers.

The calculation is no different when teachers strike. Unions like the National Education Association, the American Federation of Teachers and their thousands of state and local affiliates exist for the same reason as the UAW: to advance the interests of dues-paying members. Yet striking public school teachers and their union representatives insist they are acting on behalf of the children. We’re expected to believe that the priorities of education workers are perfectly aligned with those of students.
Teachers unions are unions first, not reformers or student advocates. Their real agenda—their only agenda—is to protect their members by any means possible. No matter what those picket signs said, the unions weren’t helping students. They were using them.

Jason L. Riley in the Wall Street Journal