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Lobnek Newsletter, August 2020

The Many Dangers Of Dissonance

LOBNEK Wealth Management, August 2020

A government or a party gets the people it deserves and sooner or later a people gets the government it deserves.

Frantz Fanon (1925-1961), French West Indian psychiatrist and political philosopher

 

There is little consolation in the thought that what has been unravelling over the last couple of months couldn’t have been anticipated, let alone prevented, given that the last time anything remotely comparable to it occurred sufficiently long ago to have been erased from our collective memories of “life altering events”. This is what happens when exposed to thousands of years of natural selection: we have been conditioned to believe that we can handle whatever the “environment” throws at us when the truth is otherwise. Nature endowed us with generous quantities of gray matter, so much so that it helped propel us to the very top of the food chain. And it happened in such record time that it made us overconfident in our abilities. That may be why we tend to cringe when faced with uncertainties: we are unable to accept the truth, that we may not always be masters of our destinies.

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