No Mercy No Malice

When Optimism Becomes a Form of Self-Delusion

Have we entered into a consensual hallucination with the markets?

Our nation’s superpower is optimism. We invest in crazy ideas and believe anybody can be anything. We fund more startups, buy more lottery tickets, and reinvent ourselves more often than any nation. The belief that our best days are ahead of us results in an appetite for risk. We inherited this from people willing to leave everything behind, get on a ship, and build a new life in a strange…