The Reality of Logic

Amar Pandit , CFA , CFP

American Author and Philosopher, Will Durant, wrote “Logic is an invention of man and may be ignored by the universe.” He also wrote, “Hence the uselessness of logic: no one ever convinced anybody by logic; and even logicians use logic only as a source of income. To convince a man, you must appeal to his self-interest, his desires, his will.”

Isn’t this fascinating?

Otherwise, is there a way to explain this sketch…because logic is clearly not working here.

image (6)

Over centuries, people have been doing this (something that even a fifth grader would avoid doing)…

At the top of the market, we can’t buy fast enough. At the bottom, we can’t sell fast enough. And we repeat that over and over until either we’re broke or out of the stock market.

Can you imagine doing this in any other setting?