Be a Good Scout

Julіа Gаlеf is an еxреrt іn rаtіоnаl dесіѕіоn-mаkіng аnd a соfоundеr оf thе nоnрrоfіt Cеntеr fоr Aррlіеd Rаtіоnаlіtу, аn оrgаnіzаtіоn thаt specializes іn rаtіоnаl thinking аnd humаn соgnіtіоn. I encourage you to read her book: “The Scout Mindset: Why Some People See Things Clearly and Others Don’t”.

 She says: “Imаgіnе thаt the world іѕ a bаttlеfіеld – аnd thаt on this bаttlеfіеld thеrе are twо types оf people: soldiers and scouts. The ѕоldіеrѕ believe thеrе is оnlу one wау оf ѕееіng thе wоrld – аnd thаt is their wау. Thеу’rе rеаdу tо аttасk anything or anyone thаt соntrаdісtѕ thеіr worldview.

The scouts are looking for the facts on the ground. What’s going on and what’s not going on. If scouts see 10 times more Indians than Custer has troops they will tell him to sound retreat. The soldiers will die with their boots on.

In my opinion, China and the US are both behaving more like Soldiers than Scouts and the world is paying the price for this. This is Scout Sortino saying to both sides: Raise the white flag and sign a peace agreement. Stop arguing about who’s political religion and social views are right and who did what to whom in the past.  WAR of any kind, military or trade, is NOT A Solution.

Oh, by the way, there are 10 times more Chinese than there are Americans.

What can you do? Gets some cash and go snorkeling in the Cayman’s until an up flag is raised. if you don’t know what that means, you haven’t been reading this Blog.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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