I have no clue what the stock market will do next year (or any year). But I’m very confident about people’s penchant for greed and fear, which never changes. So that’s what I spend my time thinking about. I have no idea who will win the next presidential election. But I’m confident about the ways people’s attachment to tribal identities influences

The truth of things can be perceived by attentive people of any age or condition. Human experience reveals the same conflicts, the same needs and desires, the same weaknesses and virtues. To pay close attention to personal experience is to see through it to truths that run through all such experience.