Jawad Mian Profile picture
18 Dec, 22 tweets, 3 min read
1) Working correctly, the brain represents highest form of “instinctual wisdom,” Alan Watts once said.

But just thinking rigorously or applying more knowledge isn’t what he meant.

THREAD 👇
2) The brain can only assume its proper function when the mind is in a state of harmony and our consciousness is not trying to control and grasp.
3) When we are completely engaged with what we are doing in the here and now—and instead of calling it work, we realize it is play.
4) Yet our overloaded brain writhes and whirls to escape the present experience rather than being effortlessly aware of it.
5) We are out of touch with reality and sick with fascination for a future made up of purely abstract thoughts.

This is profoundly counterproductive.
6) Our job is not to see the future; it’s to see the present very clearly.
7) The problem is we confuse the world as it is talked about—with inferences, guesses, and deductions—with the world which actually is.
8) To understand this is to realize the utterly exasperating nature of investing.

Markets are in a constant flux and yet we grasp for assurance, which itself remains an abstraction.
9)There is a contradiction in imposing our will on the market whose very nature is spontaneity and fluidity.
10) In other words, what makes us unable to invest with pure awareness is our warped relationship with time.

The ingenious brain seldom realizes that there is never anything but the present.
11) As long as we are looking at markets from a particular point of view (about the future), or from a particular experience we have cherished (from the past), or from some particular knowledge we possess (the ego), we are engaging in self-deception.
12) Our predictions assume so high a degree of reality in our mind that the present loses its value.
13) We damage ourselves with our willful style of thinking, an overly stern and unyielding adherence to ideas which simply cannot fit the demands of the world as it is.
14) How the market “should be” leads to hypocrisy.
15) This is the teaching of the Tao Te Ching: “Let reality be reality. Let things flow naturally forward in whatever way they like. Stop trying to control and grasp.”
16) Wu wei is the principle of not forcing things, which translates as “no trying” or “no doing.”

We can see the totality of something only when thought does not interfere
17) As paradoxical as it may seem, if we keep our mind open and wholly receptive while at the same time doing nothing, we might just see what we’re missing.
18) As Alan Watts notes, “Muddy water is best cleared by leaving it alone.”
19) It is unimaginably hard for the work-obsessed modern mind to do this: stay conscious and see what there is to be seen without preference.
20) But when we come to that awareness, unhypnotized by the illusion of time, we discover that we have to flow with the moment and accept the natural twists and turns of the market.

To attain wu wei, we surrender to its ebb and flow.
21) The market is not composed of autonomous, self-sufficient, purely rational individuals but emotional pack animals, intimately dependent on the whims of other human beings.

Accept it, incorporate it, and move through it.
22) Trying to do the opposite of nature will only make us lose the Way. stray-reflections.com/article/141/Tr…

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More from @jsmian

14 Dec
1) On a long enough timeline, history repeats.

This much is clear reading Will and Ariel Durant’s The Lessons of History (1968).

As they write, “The past is the present unrolled for understanding.”

Here are some lessons that stuck with me. 👇
2) The first lesson is modesty.

Human history is a brief spot in space. Man is a moment in astronomic time.

Generations of men establish a growing mastery over the earth, but they are destined to become fossils in its soil. Image
3) Life is competition. Even cooperation is a tool and form of competition.

We cooperate in our group—our family, community, party, race, or nation—in order to strengthen our group in its competition with other groups.

The earth will unite only if here is interplanetary war.
Read 21 tweets
5 Dec
1) Investing in a bull market is hard enough; hearing it trivialized makes it unnecessarily harder.

In our latest issue, we discuss the far more powerful underlying forces, some outside of common understanding, that are at play.
2) The pandemic is a major displacement that will go down in history as setting new trends and social forces that spark a major bull market and mania.

We are still early in this uptrend.

stray-reflections.com/article/168/Th…
3) While the world balks at America’s failed response to a coronavirus pandemic, their economic management may yet prove to be superior.

stray-reflections.com/article/167/Am…
Read 5 tweets
5 Dec
1) The ancient Greek philosopher Epictetus said, “Be silent for the most part.”

What did he mean? Allow me to explain.

Thread. 👇
2) On August 29, 1952, the piano virtuoso David Tudor walked onto the stage of the barn-like Maverick Concert Hall on the outskirts of Woodstock in New York.

He sat at the piano, propped up six pages of blank sheet music, closed the keyboard lid, and clicked a stopwatch.
3) Thirty seconds passed.

The audience, a broad cross-section of the city’s classical musical community, waited for something to happen.
Read 24 tweets
4 Dec
1) In Greek mythology, Cassandra was a princess of the legendary city of Troy, and the most beautiful of King Priam’s daughters.

She was seduced by Apollo, who gave her the ability to predict the future.
2) When she refused herself to him, he cursed her by making people disbelieve her predictions.
3) So she went around knowing and predicting the future, telling people what was going to happen, but no one ever believed her.

She foresaw the fall of Troy, but couldn’t prevent it.
Read 13 tweets
26 Nov
1) One finds cultures founded on guilt (typically in the Judeo-Christian world), cultures founded on submission (Islam), and cultures founded on shame (typicallyin Asia).
2) There exists another culture, one without borders that encompasses all. Taking people’s stoicism captive, it seeps through everyday life and breeds disdain.

Such is our culture of complaint.
3) There is much to complain about: life, politics, treasonous friends, and, of course, work!

On any given day, all these topics come up.
Read 19 tweets
23 Nov
Since it’s been a year of lingering regrets for investors, I explain why regret persists in a bull market. 🤬stray-reflections.com/article/153/Wo…
1) Are you regretting not shorting the pre-pandemic February highs, buying too soon as the market crashed, buying too little around the April lows, or selling too early as stocks keep advancing?
2) To invest, it seems, is to accumulate at least some regrets.
Read 23 tweets

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