Play at Your Epistemological Peril

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager.


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Today, Joseph R, Biden Jr. took the oath of office as the 46th president of the United States. And while you may not have voted for Mr. Biden, if you are a real American who cares about the country, you need to accept the fact that he is the legitimate president.

The reason why is because reality dictates that you do so.

By “reality,” I mean the unassailable fact that Mr. Biden captured far more votes in more key states than now former-President Donald J. Trump.

Yet still, there appears to be a rather large swath of the country, including many smart people that I personally know, who thinks that the election was “stolen” and that voter irregularities and mass fraud were perpetrated in order to produce the Biden win. Yet, when given the opportunity to argue the facts of this situation in the courts, those who promulgated this theory had their claims summarily rejected in more than 60 cases.

Now, you may still think that there was mass election fraud, despite the lack of substantive evidence. But if you play that game, you play at your own epistemological peril.

I say that, because to believe something to be true without sufficient evidence, i.e. with just conspiratorial suspicions about a hidden, left-wing cabal engineering things behind the scenes, is to essentially obliterate the only tool of survival you possess — your reason.

Here we must apply the scientific and philosophical rule known as Occam’s razor to this situation. This rule basically says that, given two explanations that account for a set of facts, the simpler one is more likely to be correct.

So, in the case of the 2020 presidential election, what is the simpler explanation? That millions more people actually voted for Joe Biden and in sufficient numbers in key battleground states, or that there was a coordinated mass deception by shadowy forces intent on installing Mr. Biden and removing Mr. Trump from office?

What is more logical? That more people desired a change of leadership in the Oval Office after a year of a devastatingly inept response to a global pandemic, or that voting machines were hacked and/or otherwise controlled by George Soros and the deceased Hugo Chavez?

What is simpler? The fact that there are more Democrats (31%) and Independents (41%) than Republicans (25%) in the country (according to the latest Gallup data on party affiliation), or that those Republican votes were somehow sheltered and destroyed in the service of a Biden win?

Unfortunately, the claims by Mr. Trump himself that the election was stolen were the underlying cause of the repugnant assault on Capitol Hill two weeks ago by a cadre of his fanatical supporters. Here’s what President Trump said about the election that Wednesday morning to a throng of supporters who just shortly thereafter stormed the Capitol with destructive intent.

“Today I will lay out just some of the evidence proving that we won this election and we won it by a landslide. This was not a close election.”

Then Mr. Trump went on to provide zero evidence for this claim.

Instead, he told the crowd to go the Capitol to urge senators and members of Congress to confront the “egregious assault on our democracy.”

Here are the exact words Mr. Trump used:

“And after this, we’re going to walk down, and I’ll be there with you, we’re going to walk down, we’re going to walk down.

Anyone you want, but I think right here, we’re going to walk down to the Capitol, and we’re going to cheer on our brave senators and congressmen and women, and we’re probably not going to be cheering so much for some of them.

Because you’ll never take back our country with weakness. You have to show strength and you have to be strong. We have come to demand that Congress do the right thing and only count the electors who have been lawfully slated, lawfully slated.

I know that everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard.”

It was this exhortation that has been blamed for inciting the seditious actions of the mob that day. And while I think it’s fair to criticize President Trump for consistently promulgating a falsehood about the election results, contrary to what many have said, I do not think it’s fair to actually accuse him of directly causing the violence.

I mean, he did explicitly say that the group should “peacefully” make their voices heard. He did not say the protests should be violent.

That said, the purported notion that Mr. Trump won in a “landslide” and that the election was stolen, and that therefore Mr. Biden is not the legitimate 46th president of the United States, is not only a dangerous one for society, it also is a dangerous one for an individual’s mental cohesion.

Because if you believe things for bad reasons, your mind and your life will be in conflict with reality — and that is a prescription for an unhappily disappointing existence.


Talking Music with Texas Piano Man Robert Ellis

Every once in a while, you come across a musical artist that really touches you on numerous levels. That’s how I describe my latest Way of the Renaissance Man podcast guest, the singer/songwriter Robert Ellis.

Also known as the Texas Piano Man, Robert is a consummate composer, pianist, guitarist and vocalist who has managed to create a unique sound that’s part Americana, part country, part rock, part jazz and part Laurel Canyon.

In this episode, you’ll learn about Robert’s musical history, his professional journey, the struggles associated with mixing genres and developing his own sound and his constant desire to always be learning and to always be getting better.

You’ll also learn about Robert’s admiration for artists such as Neil Young, Paul Simon, George Jones and Willie Nelson, the critical role honesty plays in art and his love of simple tools for improvement, such as the metronome.

Plus, as he describes his work and the songwriting process, I point out the many ways Robert exemplifies and embodies the Renaissance Man ethos.

Robert Ellis is an artist who is committed to the love of discovery and the process of creation. By doing so, he’s given the world the beautiful gift of his music… a gift we all get to share with an exclusive solo acoustic performance of his song “Perfect Strangers” just for my podcast’s listeners.

I loved my conversation with the great Robert Ellis, and I know you will too.


A Love of Liberty

“Love of liberty means the guarding of every resource that makes freedom possible — from the sanctity of our families and the wealth of our soil to the genius of our scientists.”

–President Dwight D. Eisenhower, January 20, 1953

It was 68 years to the day that President Dwight D. Eisenhower gave his first inaugural address as the 34th president of the United States. In it, the great U.S. Army general reminded the nation that liberty requires vigilance, and that we should never take for granted what makes freedom possible.

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

In the name of the best within us,

Jim Woods

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