Read the opposite of what you believe

IMG Auteur
From the Archives : Originally published August 30th, 2016
377 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Gold University

People are naturally attracted to viewpoints that are similar to their own and to information that supports what they already believe. In fact, most people go out of their way to find articles and newsletters that are biased towards their pre-existing views of the world. However, they should do the opposite.

If you seek-out information that supports what you already think you know and exclusively read authors whose opinions match your own, you will never learn anything. All you will do is increase your comfort in, and therefore entrench, views that may or may not be correct. You will never find out if your views are incorrect because you are refusing to objectively consider any alternatives.

Even when a particular belief leads to a decision that, in turn, leads to a devastating loss, you probably won’t accept the possibility that the premise behind your decision was wrong. Instead, you will assume that the decision was soundly based but that unforeseeable external factors intervened to bring about the bad result. Rather than acknowledge that your premise was wrong you might, for example, conclude that a nefarious force manipulated events such that a logically prudent course of action on your part was made to look ill-conceived.

Seeking out and focusing on information, analyses and opinions that mesh with your existing beliefs is called confirmation bias. An antidote is to go out of your way to read articles and other pieces of literature that challenge your dearly-held beliefs.

For example, if you strongly believe that financial Armageddon lies around the next corner then the last thing you should do is devote a lot of your finance-related reading time to the Zero Hedge web site. Instead, you should seek-out sites that present less-bearish analyses and conclusions. This way you can make decisions based on a wider range of information, not just information that has been carefully selected to support one particular outcome.

If you can keep an open mind while reading articles and assessing information that does not agree with your current beliefs, then you have a chance of learning something and avoiding pitfalls. After all, it ain’t what you don’t know that gets you into trouble; it’s what you know for sure that just ain’t so*.

*A Mark Twain quote

 

<< Previous article
Rate : Average note :5 (2 votes)
>> Next article
Comments closed
  All Favorites Best Rated  
Really good advice, which one needs to be reminded of from time to time, because it is so easy to slip back into the comfort of seeking confirmation.
Rate :   1  0Rating :   1
EmailPermalink
Latest comment posted for this article
Really good advice, which one needs to be reminded of from time to time, because it is so easy to slip back into the comfort of seeking confirmation. Read more
user4779 - 8/30/2016 at 10:31 AM GMT
Rating :  1  0
Top articles
Latest Comments
Crisis? What Crisis?
11 Maycarlomar
This is an excellent article, it deserves 5 STARS, your rating system is failing. I wanted to give it 5 STARS and the system marked obly one. M...
Crisis? What Crisis?
13 MayJ.
Yes! A return to constitutional government is what is in order.
More Trouble in Mexico: Second Largest Silver Mine Suspended Operat...
06 Mayrokdok25
I thank you for outing a thoroughly rapacious operation which not only harms the environment and its local communities, but which damages the reput...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
04 Mayprljr-1
Ah, sympathy for the triggered child. how sweet
Tom Petty was Right
01 Maywalkingdead1
The always insightful Mr Kunstler had me captured with his opening sentence: "anxious, fearful, and stressed-out", which pretty much describes my o...
Boeing 737 Max Unsafe to Fly: New Scathing Report by Pilot and Soft...
30 Aprsneezy671
The "Anything to save a few bucks" routine and we the passengers lose big time. Replacing costly intense pilot training for particular aircraft wit...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
27 AprWatchdoctor0
Hey, I love ya, and so do a lot of the other guys. You hang in there ! https://www.youtube.com/watch?v=msn-mDaJInA
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
26 AprS W.-2
Honestly.. I thank those for all the down arrows Just confirms how effing stupid your below average sub human American can get. Good luc...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS