The Brandolini Law It is the beginning of the year and you will be waiting for answers and analysis on which assets will perform better in 2021 or how far the SP500 and Bitcoin will rise or fall. Or if Tesla (NASDAQ: TSLA) will continue to rise to infinity or descend into the catacombs.
But no, today I am going to explain the curious case of Sant Mart de Canals, a town of 32 inhabitants located at the gates of the Catalan Pyrenees. They are very fond of astronomy. On December 28, 2020, with the help of their home binoculars and telescopes, they observed a coffee maker orbiting the planet Venus. They claim to have graphic evidence of the everyday object in the above Milky Way position to use as evidence for disbelievers, skeptics and deniers, and they plan to hold a series of lectures to publicize their finding.
When I heard the news, I got in touch with 3 friends who are physicists and astronomers who have been working for the European Space Agency, N.A.S.A and the Japan Aerospace Exploration Agency for 30 years to corroborate and confirm the news. The response of the three, even being from organizations from different countries, was unanimous and left me perplexed:
“We are not going to deny it. 5 years ago a similar case happened to us. They called us from San Francisco del Monte de Oro, a small town in Argentina, saying that they had seen a can of beer orbiting Venus and the amount of human, economic, technical, technological, time resources and the immense amount of evidence to collect that the Space Agencies invested to deny the news, it does not compensate ”.
In the financial world we are used to receiving information with double and triple intentions. Rumors that are later denied, probe balloons to test the market, but those of us who dedicate ourselves to this have the obligation to discriminate them, to separate the chaff from the grain, to avoid biases that can influence our way of operating. But, sometimes, it happens that one hits his head against the wall when he realizes how something that is completely uncertain becomes absolute and generalized truth. Why is this happening?
The Brandolini Law answers this question: And it is that the amount of energy, resources and time to refute a hoax is much higher than the amount of energy, resources and time to produce it and therefore it is not worth refuting it.
I can declare that the earth is flat or that George Soros is the creator of an economic conspiracy to impoverish us all. The energy, time and resources to dictate my opinion have been almost nil. I let go of the opinions and I am wider than Castilla. And I reaffirm it with more opinions, which you do not prove. Instead, a geologist, time, resources, patience, teaching skills and evidence to convince me otherwise, that the earth is almost spherical is extremely high. The same is true of Soros. The time, resources, explanations of how the financial market works by an expert, to convince me of the reverse is not worth it.
The paradox of all this is that if you are ever in the middle of a conversation and your interlocutor does not make a counter reply or respond with endless arguments, do not claim victory, but quite the opposite, take it as a sign that you are already wrong. that your interlocutor may be using Brandolini's Law. MORALEJA: "Just ignore the trolls, don't try to prove them wrong."