I’ve posted Entry #334 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Belief in an Investing Strategy Comes First and Then Evidence Follows.
Juicy Excerpt: Some people believe in God and some do not. If you ask a person who believes in God where we come from, he will say that God created us. If you produce compelling scientific proof that we evolved from a lower form of animal, you have him trapped, no? You have demonstrated that he is wrong in his fundamental belief and he will “convert” to non-belief. No?
It doesn’t work that way.
If a believer were 100 percent convinced in the merit of the case for evolution, he would in most cases remain a believer regardless. He would conclude that the beauty of evolution is yet one more demonstration of the awesome power of God.