The popular media is staffed mostly by writers and art majors and other people who tend to believe in magic. It is no surprise that they don’t see how absurd it is to expect citizens to have useful opinions based on the misinformation that that same media provides around the clock.
Seasoned investors, on the other hand, have learned to be more humble. They know there is no amount of research that can convert unreliable data into reliable decisions. My guess is that this group of professionals support Donald Trump in large numbers because they are smart enough to know the limits of their own reason when applied to inaccurate baseline assumptions and sketchy data.
My point is that if you find yourself mocking Trump supporters (or Republicans in general) because they have some distance from the issues, you are probably the dumb one in that conversation no matter how your education and IQ compares with your intended targets.
And if you believe you can make intelligent decisions on politics based on inaccurate information and lies, why aren’t you already rich from doing the same thing with stocks?
Read the whole thing, but let me boil it down for you.
1. Smart people think you can make rational choices based on researching information.
2. Smart people are actually dumb for believing this since most information provided by politicians and the news media is false and misleading.
3. Someone who supports Trump because Trump’s rhetoric resonates is no more stupid (necessarily) than someone who researches candidate positions and aligns with one on that basis.