The pessimism piece is for the growth, but I wouldn't label it as pessimism . Pessimism really looks more like interpreting a circumstance as permanent, personal and pervasive.And so this thing just went wrong.
wrestling with and and that includes women When I think of the self-deprecating nature of heterero pessimism , it reminds me of a lot of the jokes that my white friends will tell about themselves. Just sort of like, youknow, you sit in this place of privilege. You're like, "Gh, I get it. I roll." Like, oh, am I right? And, you know, I can
than my weaknesses. Fizz, you have weaknesses and you have strengths. Pessimism , by its very nature, is corrosive to an individual or to an organization.
And contrary to a story that I am often confronted with that suicide rates are spiking, Pessimism sounds serious. Optimism sounds frivolous.
on skepticism mature on optimism and die on Euphoria the time of Maximum pessimism is the best time to buy and the time of Maximum optimism is the besttime to sell an investor who has all the answers
Dwell in one's experience on themes of stress or tension or frustration or imminent failure or self doubt and all the rest of that, guess what, we're building neural structures of pessimism , depression, anxiety, lack of confidence, insecurity, and inadequacy, self-criticism, etc.On the other hand, rest experience and cultivate experiences that have a certain ease to them, a certain relaxation; never be more than 100 feet away from food, things like that. That's
I think what we need is real optimism, which includes what I think you're thinking. The pessimism piece is for the growth, but I wouldn't label it as pessimism . Pessimism really looks more like interpreting a circumstance as permanent, personal and pervasive.
So it's really magical to see them do these short films and a subject matter like suicide, and bullying, and really deep subjects in pessimism and negativity.
Sir John's investment style and the way he um learned to buy at the point of Maximum pessimism so really quickly what does all that mean for today how is this applicable to you and the current market well here's just a really basic very
But what I'm trying to say is that you cannot rid economics of politics. need "pessimism of the intellect, but optimism of the will." And let me conclude by showing you
about society at large, about what's coming out of the White House, about what we see on TV? How much how much of this heterero pessimism is based on our actual day-to-day interactions with one another? I think it varies from person to person, which makes this kind of hard to talk about, right, in a really kind
pessimistic belief. You might never find out you're wrong. This just seems such a particularly cruel like social fact that pessimism has a way of protecting itself from correction in a way that optimism doesn't, right? I mean, it's just it's just set up to induce pathological behavior. Um and
than my weaknesses. Fizz, you have weaknesses and you have strengths. The debate about pessimism and optimism is a ridiculous one.
I want to spend some time on the global warming, since it's a hot topic, with all the wildfires going on in Turkey, and Greece, and Italy, and the US, Do you feel my pessimism , or are you more optimistic?
Yeah. Yeah. I mean-- I just feel like you see the whole world, and you go into places where, if you're in Gaza Strip, people are expecting complete pessimism , but then you're with a child singing and you have that experience. So maybe some places that have opened up your heart and help keep it open.
And so initially, the frogs literally had to be put up at a hotel. It's not my pessimism .
She never trusted the light because she knew the story of . And she's going to pass her pessimism onto her kids, who are watching.
And so there's a little bit-- materially life is better than it's ever been in the history of the human race. Yet there's just huge amounts of pessimism , mental health issues, despair, despondency that's going on in our culture. And the book is mainly about investigating why that is.
And contrary to a story that I am often confronted with that suicide rates are spiking, Because there are dangers of fact-free pessimism .
And contrary to a story that I am often confronted with that suicide rates are spiking, There's another danger to thoughtless pessimism .
And it's protection from people who seem to be geared towards more positive thinking. Where it adds a little bit of pessimism so they can-- You always have to think about, what are the challenges? Because otherwise, it stays merely a dream versus saying, what's in the way?
the greatest Ultimate Rewards bull markets are born on pessimism grow on skepticism mature on optimism and die on Euphoria the time of Maximum
And I knew it wasn't pessimism .
But the moment the seeds of pessimism begin to grow and turn into an ugly plant,
It feeds on optimism negatively by creating pessimism , and then the pessimism feeds back into maintaining the gap between savings and investment.
I don't really endorse his pessimism .
someday. Um, and so to me, moving away from that position of of optimism into that hopeful pessimism , I feel is a little more not only kind of based in in reality, but there's almost a sense of responsibility that that comes in.
don't know specifically what to do about that, but that is something that I I've kind of been thinking about a lot. Do you ever worry about maybe the unintended consequences of heterero pessimism ? For example, I think of my own life. You know, I've I've been a girl about town. I've gone on my fair share of dates and I've gotten played.
you see, And pessimism is a flip side of optimism. Just like cynicism is a flip side of sentimentality. Whereas if
Things are far too serious for us to allow that pessimism to condition our way of participating, such that the potential heroism
Their numbers are so much larger than that pessimism line that there's has been tens of millions or trillions of civilizations over cosmic space and time.
and 100y year bond issues okay and fixed income there are two ways to increase this you know when things are down when there's maximum pessimism that's where you want to look and there's this idea
and I'll say something about why it's explicable-- pessimism about "Star Wars" is completely amazing.
can be the silver bullet that kills the pessimism -- the New Deal idea.
uncertainty, pessimism we can pick up like secondhand smoke.
And so that's a little bit of pessimism on my part, and I hope I'm wrong.
You think of optimism, pessimism , risk-reward.
Okay, so about why pessimism can be so helpful because it's profoundly un-American to be pessimistic when you have a goal and I just wanna encourage you to think about using pessimism
So here's what we ca-- we defined something we called the pessimism line.
There are all sorts of different candidates to spearhead a degree of pessimism in a boisterous, dynamic, capitalist economy.
So I was thinking about through line of this book, which was so eloquently written. And through line I picked up on is that optimism is essential for growing, and pessimism is essential for surviving. And we talked about it beforehand.
hope that things could be better for our relationships, for our politics. And so to me, moving away from that position of of optimism into that hopeful pessimism , I feel is a little more not only kind of based in in reality, but there's almost a sense of responsibility that
to see some more conversation about that. Yeah. Could you talk a little bit more about that idea of hopeful pessimism because I I could hear people hearing it being like, "What? Huh? How how are you both of those things simultaneously?" Yeah. And I do borrow that from from somebody else. I didn't come up with
I think people tend to be very all or nothing. It's you know e either I'm an optimist or I'm a pessimist. Mhm. And I think in this moment we're in right now, pessimism is winning. Pessimism is winning big time. And when it comes to hetereroesimism, do you think that's part of the reason why we're seeing some of these stats we
interactions are going to go. And then the third thing is that once you have something that seeds some pessimism in your mind, that is likely to become self-fulfilling. After all, pessimism encourages avoidance. If I think talking to you is going to be unpleasant, I won't do it. I won't find out I might be wrong, right?
If our lens is a negative one, we tend to view everything with pessimism , unhappiness,
Oh, right on. Thanks. Well, basically it's a film that's about my personal battle with cynicism and pessimism and depression and anxiety, and how I get out into the world and I meet people in my travels everywhere I go who are just ordinary people, who are dealing with extraordinary circumstances.
And it's this very severe optimism, matched shortly with severe pessimism .
So, frankly, we believe in what we call strategic pessimism and not just at work, but in general around people.
Nonetheless, I don't think that there is as much reason for pessimism as there are in some of these other autocratic countries.