I’ve posted Entry #89 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Today’s Investors Are Waiting for Spaceships That Will Never Arrive.
Juicy Excerpt: The members of the cult had sacrificed everything. They had quit their jobs, left their families, turned over their possessions. The researchers were expecting fireworks when the day came on the which the cult leader had said spaceships would come to take the cult members to safety before the rest of the world would be destroyed.
The reality is that no one got angry when the spaceships did not arrive. The cult leader announced that he needed to have a talk with the aliens to find out what was up. A short while later, he explained that the efforts of the cult persuaded the aliens that the earth did not need to be destroyed after all. By their belief in the aliens, the cult members had saved the world!
Everyone was happy to hear that. We believe what we need to believe to get up each morning.