“The greater fool is someone with the perfect blend of self delusion and ego to think that he can succeed where others have failed. This whole country was made by greater fools.” This is when Sloan Sabbath tells Will McAvoy in the recent popular series of ‘The Newsroom‘ created by Aaron Sorkin.
I am amazed by this dialogue in the sense how perceptions work in nations with same kind of investors all around. This is not applicable only to principles of stock investing but also to our daily life situations. We believe in few things, go against those beliefs and then justify why we did. If you are in a consultancy business or a stock broker or a palm reader or a lawyer, you know your previously held beliefs over fundamentals but just to keep up with the business you are in, you tend to make sell what is against your belief just in the hope that someone will buy it in the future. Thats when we learn how to play games. Not just this, there are people who are tend to modify their beliefs over time because that’s much more comfortable and easy to maintain. Who is the greater fool then? Do we realize how we become one in real life situations?
This greater fool theory relies on trends, opportunities and psychologies in surviving in life and in stock markets. Its one thing which is common in all the nations. All of us try to supersede our peers by becoming that greater fool and make beliefs over experiences which were sustainable and not out of the box. We tend to lose out on our passion in the process of becoming that common fool and run with the world around us. Anticipating a life which we wish to live, we think, talk and express other than what is right or wrong? We know there is someone in this world who might not be as capable as you so as to buy that plan. Be it the blame game or pushing sentiments over love, honesty and integrity. When will the world be a place where we get suggestions not based on hypocrisy, advises with no manipulations, words with no hidden interests and love with no condition? World will be a better place then. We must not share what don’t believe in. Its better to remain silent then to spread something which we can’t practice, social issues will then be resolved. Until then we are all greater fools, and some of us greatest.