Antonio is right. Utopic visions and reality are incompatible.

But the source is important. SF isn't guided by Christian ethics, but instead French enlightenment logic. One sees people as broken in need of a savior. The other as a blank slate damaged by society.
The Bible is anything but utopic, which is one reason I was attracted to it as an atheist.

It’s the gritty account of reality. Its heroes are image bearers, but a herd of morons who God works through. Sound familiar? Sure does to me. And, as a moron myself, it gives me hope.
Contrast with 18th c. enlightenment optimism and confidence, the fruit of which is 19th c. terror, the bloodiest century in history.

Man’s replacement of God ushered in the politics of pure power.

Here's Aleksandr Solzhenitsyn from his Templeton Prize for Progress speech:
Let’s take two exemplars of the philosophies — Augustine and Rousseau.

As young men both steal. Augustine stole pears. Rousseau asparagus. But they drew radically different conclusions about *why* they stole. And the implications of their conclusions reverberate today.
Augustine saw his own depravity in his theft. He stole because he’s broken and his heart is bent towards self-serving gain at the expense of others -- the essence of evil.

From this perspective, freedom comes when God graciously and lovingly rescues you.
In stark contrast, Rousseau only saw the depravity of society.

On his own, he saw himself a pure, moral, virtuous being. But a friend compelled him to do it. Society corrupted him.

Freedom therefore comes by casting off social shackles and expectations.
One sees the darkness within. The other sees darkness out there.

One calls for repentance and the other for deconstruction.

One is real. The other is utopic.

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More from @BrentBeshore

22 Sep
When partners and friends do well, it’s cause for celebration.

WashU's recent investment performance is incredible, but doesn’t surprise me. It felt inevitable based on our work with them (they’re @permanentequity’s largest investor).

Some thoughts...

pionline.com/endowments-and…
In 2017 @ajkurki reached out after reading something I had written about long-term investing. We had a nice chat and I remember his subsequent handwritten note.

Embarrassingly, I didn’t think that university endowments would have any interest in investing with a group like us.
In fact, I didn’t even ping @ajkurki when we decided to raise our first fund after @patrick_oshag talked me into it.

When we announced our first fundraise, Adam reached back out. @timhanso and I got lunch with him and a colleague in St. Louis while in town for a game.
Read 23 tweets
6 Sep
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?

He said:
Read 18 tweets
26 Aug
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.
Read 7 tweets
16 Aug
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.
Read 9 tweets
8 Jun
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."
Read 4 tweets
30 May
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.

Here are some quotes:
"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."
Read 18 tweets

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