Do You Have the Right to Have an Opinion?

I love this quote from Ray Dalio:

Ask yourself whether you have earned the right to have an opinion.

We seem to live in an age in which everyone has an opinion about everything, no matter how ill-informed. And many of us aren’t shy about sharing our opinions (me included). Worse yet, many of us seem to regard our opinions as fact. (I think of it as the age of rampant self-delusion.)

Which brings me back to Ray’s comment. I wonder what the world would be like if we thought we should have to earn the right to have an opinion. Or at least the right to express it in public.

I suspect it would be a better place.

As I’ve gotten older, I’ve tried to have fewer opinions (mainly because, with age, I’ve realized how little I actually know), but I’m sure I still have far too many. Undoubtedly, I haven’t earned the right to have some of them.

I’m going to strive to discard those opinions which came cheap, that is, for which I haven’t earned the right to possess. And I’m going to endeavor to become slow to form new opinions. And to form only those that are earned and necessary.

Will I succeed? Probably not. At least not entirely. But even if I succeed in part, the world will be a better place — only to an infinitesimal┬ádegree, of course. But every little bit helps.

So with what shall I fill the void — the void left by these discarded and unformed opinions?

I think I’ll fill it with questions and hypotheses, things that opinions often stifle and suppress.

It should make for a less obnoxious and more interesting person.

The Price To Pay For Spending Tomorrow’s Income Today

When you borrow, you’ll pulling spending forward, that is, you’re spending tomorrow’s income today. Sometimes that’s smart; sometimes it isn’t. In fact, debt can be a killer.

It can kill your retirement. Your security and well-being. Your marriage. Your job. Your dreams. Even your life (suicide rates rise during recessions and periods of high unemployment).

Yet America is in love with debt. But perhaps it’s a toxic love affair. Perhaps, Vera, you’d do well not to fall in love with debt as so many of your fellow Americans have done.

Not all debt is bad though. Continue reading