Tellerian Wisdom

"A fact is a simple statement that everyone believes. It is innocent, unless found guilty. A hypothesis is a novel suggestion that no one wants to believe. It is guilty, until found effective."
–Edward Teller

Like so many great scientists, the wisdom of Edward Teller is both underappreciated and less well-known than it should be. In his quote, Teller demonstrates peoples’ attitudes toward facts and hypotheses. We like facts, until they conflict with our world view. And, we reject new ideas until they prove to be useful. When you’re managing your money, remember that facts are what they are, and no amount of wishing will make them different. And, if a hypothesis is effective, embrace it.

Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions that you have about my radio show, newsletters, seminars or anything else. Click here to Ask Doug.