A Quote by John Eliot

Anyone who strays too far from the majority view or the conventional wisdom is bound to be labeled "arrogant," "a maverick," "a Wildman," "weird," or even "crazy." — © John Eliot
Anyone who strays too far from the majority view or the conventional wisdom is bound to be labeled "arrogant," "a maverick," "a Wildman," "weird," or even "crazy."
Conventional wisdom is no wisdom at all. Conventional wisdom is taking somebody else's word for the way things are It's the followers of this world who rely on assumption. Not the leaders.
Conventional wisdom is invariably out of date. Because in the time it has taken to become conventional - to become what everyone believes - the world has moved on. Conventional wisdom is a remnant of the past.
Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I've learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they're almost always wrong.
The problem in our society is the ego psychology and conventional wisdom about "look out for #1." That conventional wisdom thinks that "love your enemy" is to some a principle no one can ever live by.
We Bengalis are querulous, arrogant, oversensitive and far, far too emotional. We cry too often and laugh too hard. We wave our passions like bright flags. Calcutta is our city.
By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.
If you are the kind of person who listens to conservative advice, you may do okay in life, but you probably won't ever be a fantastic leader. You have to take risks, and you also have to go against conventional wisdom, because conventional wisdom doesn't make for startling advances in society.
The hardest thing over the years has been having the courage to go against the dominant wisdom of the time to have a view that is at variance with the present consensus and bet that view. The hard part is that the investor must measure himself not by his own perceptions of his performance, but by the objective measure of the market. The market has its own reality. In an immediate emotional sense the market is always right so if you take a variant point of view you will always be bombarded for some time by conventional wisdom as expressed by the market.
When you find errors in conventional wisdom-when everyone says A and A is not true-you gain competitive advantage. Only a few times do you have to find errors in conventional wisdom to make a living.
You push so far past the normal boundaries of what’s O.K. in society. I’m always fully aware of, ‘You can’t do this’… When someone really believes in what they’re saying, but it’s crazy, it’s like my favorite thing on earth… [But] Crazy’s just crazy and there’s nowhere to go. You can have a point of view, it can be very strange, but we have to know your reasoning.
I never do a full outline, and if I did, I would not feel bound to it, because the view from inside a scene can be different from the view outside it. But neither do I just start writing and see what happens; I am far more disciplined than that.
The world is always changed by people who don't listen to conventional wisdom. I think we often set our goals too small and try to accomplish them too quickly.
The conventional wisdom is often wrong. Crime didn't keep soaring in the 1990s, money alone doesn't win elections, and - surprise - drinking eight glasses of water a day has never actually been shown to do a thing for your health. Conventional wisdom is often shoddily formed and devilishly difficult to see through, but it can be done.
I used to think that anyone doing anything weird was weird. I suddenly realized that anyone doing anything weird wasn't weird at all and it was the people saying they were weird that were weird.
I believe in equality. But I don't like the word feminist, because it's such a rational belief to think that women are equal to men, and I'm a rational person. You shouldn't be labeled for being reasonable. You should be labeled if you're f-cking crazy.
Question everything, even if it represents generations of conventional wisdom.
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