What To Worry About

Among the selfless things I do for my beloved readers, paying some attention to Trump’s True Believers has to be near the top of the list.

Think of MAGA like a glacial iceburg. That’s calving. The number of defectors is on the rise, but like in a cult, there’s still a lot of True Believers who literally cannot find it in themselves to criticize the foreign policy of the best President since maybe Lincoln.

After listening to Lindsey Graham and others of them express absolute appreciation for Trump’s Middle East war, I’ve come to this conclusion. Their anxiety is different than yours and mine.

They are not worried about . . .

  • healthcare access and affordability
  • rising prices for things like food, insurance, and gas
  • increasing incidents of gun-related violence
  • the impact of environmental degradation on their daily lives
  • polarization in politics and the future of democracy
  • the rise of Artificial Intelligence and it’s inevitable impact on job security
  • housing costs, or about the future of Social Security, or about whether they’ll ever be able to retire
  • their families and their mental health and well-being
  • the quality and accessibility of education. . .

Nearly as much as they are about the Iran’s nuclear capabilities. When they wake up, they seemingly ask themselves, “Is today the day?”

All of us are anxious. But the roots of the True Believer’s anxiety and most of ours are radically different.

The Cult

That could’ve been the title of Rob Copeland’s gripping inside look at Ray Dalio’s hedge fund, Bridgewater Associates.

Cults seem to have a few things in common including leaders who combine delusions of grandeur with atypical charisma. In the Bridgewater Associates cult, Ray Dalio combined delusions of grandeur with unfathomable wealth which he used to maintain a loyal following. Many Bridgewater employees sacrificed their morals, mental health, and general well-being for the prospects of striking it rich.

The gap between Dalio’s public persona as an investing and human relations genius and Copeland’s portrait of an insecure, simple-minded, self-centered, and cruel bully, is a searing indictment of the financial press.

After reading The Fund, one can’t help but be skeptical, if not hopelessly cynical about anybody with a glowing public persona. With no end in sight, we continue to buy what the rich and famous are so desperately selling.

Almost like we’re in a cult.

Dare to Disagree

Interesting few days at Wimbledon, the US Supreme Court, and the humble blog. It all started when I criticized “Mr. Money Mustache” in his comment section for ripping into one of his readers. As I explained in the previous post, MMM is a wildly successful blogger who writes about personal finance and early retirement.

He provides excellent details on how he’s managed to retire early and offers no-nonsense advice on how to replicate his success. Understandably, his legion of readers dig him for the tangible help he’s provided them. He typically responds to every tenth or twentieth reader comment, and because nearly every one is in essence an “amen to that” I thought he’d return serve following my critique. But he didn’t. That is, until his next post, in which he not only referred to my criticism, but linked to my previous post titled “What Engineers Get Wrong”.

As a result, on Monday and Tuesday, I had a month’s worth of page views. An unintended part of my fifteen minutes of fame. Most of the mass of visitors just quietly poked around, some engineers however, took the time to rip into me for my criticism of them. If the thought of me being ripped into brings even a small smile to your face go back and read their comments. Or at least Allison’s who it doesn’t seem likes me very much. All I have to say to Allison is I’m much more charming in person. Ask my mom.

I’ve dared to disagree with MMM before and felt some of his readers’ wrath, so now I know what to expect. It’s an interesting phenomenon. It’s almost like he’s a cult leader whose followers refuse to question him. He’s even charismatic, but unlike most cult leaders, he’s not selling his personality or whacked out made up ideas, the vast majority of his content makes excellent sense. What I now realize is hIs readers so appreciate his writing that they don’t take kindly to anyone disagreeing with him. Which of course threatens to make his readers’ comment section a sleep inducing echo chamber.

But then again, you might argue the internet writ large, just like the media more generally, is an echo chamber. The sad truth is civic discourse, in which reasonable people disagree about topics that matter, is a lost art. One reason for that is no one likes to be criticized. We’re all defensive, to varying degrees. So much so we struggle to process contending viewpoints.

For example, MMM wrote that I “criticized his blog’s approach,” but my criticism was of a specific aspect of his thinking. The truth of the matter is I’m down with 90% of what he writes and if we had the chance, I have no doubt we’d enjoy cycling together, drinking a craft beer afterwards, and talking personal finance. I’m not lifting weights with him though.

Especially initially, I struggled to process all the engineers’ criticisms of me too. I’d zero in on one particular sentence that I believed to be especially wrongheaded and slight everything else. Just as my criticism was somewhat muddled in MMM’s head, their messages were muddled in mine.

The youngest daughter got a kick out of these events. “You’ve gone viral!” After she read Allison’s lengthy criticism of my last post, she asked, “So did what she write change your thinking?” That’s the all important question. After the first reading, I would have had to answer no, not at all, because I read it defensively. But thinking aloud, I said to youngest daughter, “It would be awfully hypocritical of me to blow her off when my whole point is to promote critical inquiry.”

Then I considered the criticisms more carefully and realized they had one thing in common—that I had unfairly overgeneralized about one group of professionals. Even though it was a literary device of sorts, I understand why it was upsetting. Because they showed the courage of their convictions and took the time to disagree with me, my thinking was challenged and deepened, and hopefully, that of new and old readers’ as well.

And as a result, my little slice of the internet, for at least a brief moment in time, was anything but an echo chamber.