Most “Truth” Is Opinion

No one knows the truth

There are more than seven billion people in the world. Each has their own version of truth.  There will be some commonality but no perfect harmony.

Learn the limits of your own truth.

It is impossible to be objective, but it is possible to recognize where your truth lives and what,  if any, parts of it are valid. Once we begin to recognize that our truth is incomplete, and sometimes even wrong, we have a hope of improving our lives.

It is very difficult to fight over variable truth and come out a winner.  It takes too much energy.

Incomplete truth leads to harder to deal with conditions.

  1. The most common is fear. I know snakes are evil, therefore I hate snakes. If I know more about them, I might not treat that thought as an absolute truth. People who know more respect, but don’t fear. Probably equally true for immigrants.
  2. Greed is a problem. It is the powerful engine with no brake. Eventually there is a catastrophe. Greed results from limited knowledge about reasonable limits. People who know more, tend to be become more cautious as things improve. Greed is there but they know how to defeat it.
  3. Time incompetence arises often. People who cherish the past cannot see the future very clearly. Those who overvalue the present, tend to put too little aside for the future. People who overvalue the future, short change the present. Try thoughtful balance.
  4. The world began on the date of my birth.  These people are too self centered.  They tend to learn too little from the events of the past or from other people. They learn mostly from their own experience. History is not only about what happened, it is about why it happened and what decisions could have been better. History shows errors and asks for alternative courses of action. Use history better. Learn from the experience of others.
  5. Truth is situational and changes. You will need to change too. At one time, the correct fiduciary advice to an investor was ‘”buy high grade bonds.” That could be correct advice, but only in a world with low income taxes and low inflation. Pay attention to the investment situation before deciding truth. It is more complex than you think and you might hold an incomplete view.

If you know your weaknesses, you are stronger

Can you know the truth and be the wiser, or is it as Colonel Jessup pointed out in the movie,  “A Few Good Men”, “You can’t handle the truth.”

Truth for you is a matter of what you have learned and have experienced. You see the world through those filters. Be very cautious that the filters are not deluding you. Always ask yourself, “What am I missing?”

 

Don Shaughnessy arranges life insurance for people who understand the value of a life insured estate. He can be reached at The Protectors Group, a large insurance, employee benefits, and investment agency in Peterborough, Ontario. 

In previous careers, he has been a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business.

Please be in touch if I can help you. don@moneyfyi.com  866-285-7772

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