I Try To Be Positive...

A Seriously Deluded Individual

This is John Yates, the twit who ran the Metropolitan Police in London into the ditches where Rupert Murdoch crawled in search of private conversations and personal scandals in high places that he could exploit for money.

Whether these men do these things due to genuine paranoid delusional beliefs, or whether they know only too well that they are gaining financial and other benefits at every step along their paths 'up' and are simply pretty good at hiding this inner knowledge, I do not know.

But what I am certain of is that Hebb's Rule, that 'brain cells wire together when they fire together,' is a reliable guide, and that eventually, people who continuously maintain some outward claim that they know inwardly to be false, will end up (in non-technical, entirely layman's terms) schizophrenic, paranoid, and genuinely delusional. And this is especially so when such persons actually get massively rewarded along the way for carrying off the lie - or the several lies they need to maintain, in order to push their position and their way forward.

Bernie Cornfeld - not too bad

I think J. Edgar Hoover became a seriously paranoid schizophrenic towards the end. A lot of modern psychiatrist don't like the word 'schizophrenic,' choosing bi-polar or manic or depressed – but the reality is these people have a mind split into two. I think from a little distant hindsight, now, it is possible to look back, for instance, at the financier who built the Playboy Mansion – Bernie Cornfeld – and realise that he wasn't quite the bad guy he is often made out to have been. In hindsight you can see that he brought real innovations to mutual fund investing and his legacy as a business identity might have fared better if the market had have rewarded him in any way justly for what he put into the market equity system itself, and for the support for equitisations that he gave.

But see the market never does do that and this is something well worth remembering when involving yourself in the sharemarkets at all.

The fellow that eventually caused his undoing was another of these what I would call, seriously dangerous delusional personalities – Robert Vesco. Vesco was an outrageous fraudster and criminal who exploited malicious litigation and mudslinging to advantage. He was linked to the Nixon funding regime. Whatever you might think of Nixon as a President, his backing was extremely suspect and it tarnished his political legacy, and few disagree on that point.

A really good man

But there are also extraordinarily good people about the place. They appear often in the guise of fairly simple souls. A cunning ploy, I must say. Look for more from this fellow in this coming year. (Pic on right: Tom Watson, UK MP)