Lying

What upsets me is not that you lied to me, but that from now on I can no longer believe you.

— Friedrich Nietzsche

Like most children, my parents raised me with an unending plea to always tell the truth. In my mom’s eyes, a clean conscience was to be valued above all else. “Besides,” she always said, “if you tell the truth, you don’t have to remember what you said.” I have carried this commitment to truth and honesty with me, almost to a fault. It has served me well.

As I have observed the global meltdown of the financial industry I can’t help but believe that it has been forever transformed by a blatant lack of trust. When the banks stopped lending it was clear that they no longer believed one another. The Bernie Madoff case was the icing on the cake. It seems to me that it will take a long time to restore trust and confidence into the financial system. In the process, I am not sure what kind of “financial system” will actually emerge on the other side.

Similar Posts

  • Checks and Balances

    Power tends to corrupt, and absolute power corrupts absolutely.

    — Lord Acton

    I was born in Canada and came to the US between my sophomore and junior year in high school. One of my first courses in my newly adopted country was high school civics. I learned with a newcomer’s sense of awe about the three branches of government and their important role in each checking the power of the other. It is highly attributed that this system of checks and balances is the genius of the America.

    In the intervening years since those wide-eyed high school years I have been a casual observer of the reality that power and money are self preserving. …

  • Persistence

    Nothing in the world can take the place of persistence.
    Talent will not; nothing is more common
    than unsuccessful men with talent.
    Genius will not; unrewarded genius is almost a proverb.
    Education will not; the world is full of educated derelicts.
    Persistence and determination alone are omnipotent.

    — Calvin Coolidge

    This is one of my all-time favorite quotes. I have committed it to memory at various times in my life and had it posted on the wall of my office on many occasions.

    I am a firm believer that the tortoise always wins the race in the end. Every worthwhile journey is long and arduous. Determination and persistence compel me to continue to put one foot in front of the other and trod on.

  • “The Market” vs “The Economy”

    With all the volatility in the stock market lately it is a good time to remind ourselves that “the market” is not the same as “the economy.” The best that I can tell — at least as of the last few years — “the market” has contracted to a relatively small group of:

    • professional traders
    • automated computer programs
    • institutional investors
    • hedge fund managers

    This tight-knit circle trades amongst itself with very little relevance to what we think of as “the economy.” In contrast to this closed group, the economy is the vast sum of the creation and delivery of the goods and services we want and need.

    It seems to me that the Dow Jones Industrial Average and S&P 500 bears little connection to these things these days.

    Don’t be afraid. Now is the time to be bold. If you don’t like the economy, let’s go out and make one of our own.

  • Soaring to the Highest Heights

    . . . those who can soar to the highest heights can also plunge to the deepest depths, and the natures which suffer most sharply are those which also enjoy most keenly.

    Lucy Maud Montgomery, Ann of the Island

    I grew up in a home where showing emotions was not encouraged. As I set out on my own I was proud of my ability to maintain an even keel. But as time wore on I came to realize that holding my emotions in check was just a cloak for numbness. A dear friend offered me this quote and I was suddenly free.

    In order to soar to emotional heights I had to allow myself the possibility of plunging to the deepest depths. Goodbye even keel. I learned to embrace the lows and reveled in the highs. Sometimes you have to live with the rain. But when the sun eventually comes out — and it always does — the warmth and the light are more glorious than ever.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.