What Farbood is articulating is a classic secular materialist worldview, and one that I previously shared.
Creating our own meaning assigns purpose to something, which inherently has none, based on our feelings. Subjective meaning is a fiction, while perhaps a helpful one.
If you find meaning in your relationships, it’s a feeling, not a reality.
And while you may have a preference towards having relationships, it’s merely that: a preference. The subject of my meaningful feelings will die and eventually all of humanity will cease to exist.
That meaning, which may feel real to me, doesn’t make a difference. It’s not objectively true.
If we are random byproducts of the blind process of macroevolution, then we weren’t created for a purpose to be uncovered. There’s just no way around it.
It would make zero difference if I were a man of principle who lived virtuously, or a scoundrel and a cheat.
We can tell each other fictions, or share fictions, or admire others’ fictions, but they are ultimately fictions -- preferences that lack intellectual consistency.
Without a creator, human life is meaningless, at least objectively so.
When we are alive, we do some stuff for a short time, and then when we die, we rot. Our bodies just transform from one form of atoms to another.
And yet when I was an atheist, I refused to acknowledge this inconvenient fact.
When I helped someone in need, I felt it was genuinely meaningful. I tried to pursue purpose in politics and business and fight against injustice.
Occasionally I would reflect and when the painful realization of my ultimate futility became too much to bear, I would distract myself from distraction with distraction.
I found that the subjective meaning I was attempting to impart on my life just wasn’t practical.
If you believe your subjective feelings seem objective, let that point you to something more, something to build on that isn’t subjective.
There is real, objective meaning and purpose and beauty made so by a loving creator who desperately wants a relationship.
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Over the past week, I’ve gotten lots of questions about @CapitalCamp, which took place this past week in Columbia, MO.
What is it? Why? Why there? Who?
Figured a thread might save some time and help attract the likeminded. Here’s the scoop:
In 2017 I was sitting in a hotel ballroom sipping on bad coffee surrounded by an army of blue blazers waiting to take down a rubber chicken lunch.
No one seemed happy, but hey, conferences aren’t supposed to be fun. It’s work, right?
I got back and called my friend @patrick_oshag about a crazy idea.
What if we put on an investing conference that was informative and enjoyable? What if we took people out of their element, got casual, and gave people the opportunity to form meaningful relationships?
We often get questions about how @PermanentEquity works with companies post-close, especially as we’ve scaled. Who's involved? What roles do they play?
Thread about growth, governance, and opportunities, including a senior-level role to join our team and manage a portfolio:
Before diving in, it’s important to know how we’re different.
Unlike traditional PE, we don't use debt, buy with no intention of selling, and never have a 90-day plan. We try to listen and learn how we can be good partners.
We also don’t use boards of directors.
While boards can add a variety of skillsets and perspectives, they also can quickly devolve into a hairball of misaligned incentives, poor communication, and chaotic decision-making.
We have a dual hook-in structure post close with a financial partner and a portfolio partner.
In what might be the biggest, hugest, most crazy story ever, financial journalist discovers taxpayers, some of which were highly successful, didn't pay taxes on unrealized gains, per the tax code followed by everyone.
Other journalists agree and are outraged.
In other crimes-against-humanity news, millions of ordinary Americans are now declared morally bankrupt and should be cancelled because they failed to pay taxes on rising home values.
Financial journalists everywhere call for a national day of mourning and repentance.
Said one well known financial journalist, "I haven't seen this level of moral filth since I heard about companies having the freedom to use their free cash flow as they please, including to buy back stock."
This is the end of a memoir from the famous 20th c. atheist and formerly socialist historian Will Durant called "Fallen Leaves" which was discovered and published after his death at 96 in 1981. It's packed with beautiful prose and raw observations.
"Our children bring us up by showing us, through imitation, what we really are."
"Childhood may be defined as the age of play; therefore some children are never young, and some adults are never old."
"Most men of forty are but a reminiscence, the burnt-out ashes of what was once a flame. The tragedy of life is that it gives us wisdom only when it has stolen youth."
Debt is not a source of returns. It’s an amplifier. It’s a way of taking good returns and making them better. Or taking mediocre returns and creating problems.
Let’s state the obvious: With perfect information, you’d always employ max leverage.
The challenge is that the world is messy and unpredictable. We think we’re far more in control than we are. People go off the rails. Pandemics hit. The price of oil goes negative. Digital shared fictions become a $1T asset class. Musical chairs look available until they’re not.
I get it Neville. I too thought similar things at one time, but decided to dig in and study Jesus. What I found surprised me and amazed me. I think it would surprise you too.
Here's a summary of what I learned in case it's helpful.
Jesus was a radical whose ideas turned the world upside down.
He believed in the inherent value of all human life, which is the basis for human rights. He fiercely defended the poor and oppressed, condemning only the self-righteous religious elites.
He proclaimed truth with love, warning against the distortive effects of money and power. He was a friend to outcasts, prostitutes, and criminals, treating them with compassion, respect, and graciousness. He forgave his enemies, asking God to forgive them as He hung on the cross.