Getting our mastodon
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Getting our mastodon

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It is social cohesion by our inate eusocial behaviour that allows us to finance corporations as we even preyed on mastodons. That is a lesson economics has ignored.

It is social cohesion by our inate eusocial behaviour that allows us to finance corporations as we even preyed on mastodons. That is a lesson economics has ignored.

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Getting our mastodon Getting our mastodon Document Transcript

  • “ Man Bites Man! Getting Your Mastodon? “Selfishness beats altruism within groups. Altruistic groups beat selfish groups. Everything else is commentary.” – Edward O. Wilson “Physics is mathematical not because we know so much about the physical world but because we know so little; it is only its mathematical properties we can discover.” - Bertrand Russell Our position as dominant species of our planet though puny among an evolution of giants entirely depends on our abilities to act in social cohesion. In group efforts we can persevere against seeming impossibilities to get our meal even at the expense of whales or mastodons. Our verbal evocations lead the rationale for us combining our individual limitations to strength of numbers in group action to enable our collective success in preying on species larger stronger and faster than us. Survival of the fittest is over-ruled by group cohesion. We are social because it advances us. We align our interests to advance through our exercise of our capacities to act through group congregate abilities to succeed and endure against enormous and otherwise awesome real world. We recognize our social relations by caring for our collaborators that become injured and honouring our dead as group acts furthering the mutuality of our bonds in group allegiance and success. We have evolved our social institutions on these lines, even to the point of developing corporations to engage in enterprise larger than even sovereign chartered syndicate monopoly companies had been capable. The Eusocial contract of recent discussion that advances by our virtuous acts is an essential feature of our societal values. Virtuous actions are most often discounted by self-interest in so many discussions in economics. As Edward Wilson writes, “Goodness might actually be an adaptive trait, allowing more cooperative groups to outcompete their conniving cousins.” Ah, yes, those conniving cousins and cartels against “We The People.” The history of the corporation is not found in self-interest, but in social needs for our achievement of mutual prosperity, as in our getting our mastodon. The selfish manager chooses to ignore that context, snake-oil greases too many such connivances. The moral hazard of the principal-agent problem is well expressed in the biological evidence of Wilson, where, “Selfishness beats altruism within groups. Altruistic groups beat selfish groups. Everything else is commentary.” Virtue is central to the theme of Adam Smith’s The Theory of Moral Sentiment published twenty years prior and remains a significant theme he later returns to in his writing The Wealth of Nations. It is observed that his Invisible Hand is evolved almost wholly on the role of virtue in reaching contract or price agreements. The role of ethics is essential to agreement necessary for negotiating our transactions as contracts. We need foremost to have confidence the transaction is going to survive to completion and settlement of accounts, indeed trust that our investment of equity treasure or sweat in the corporate endeavour will payout. Constitutional debates understood the argument from liberalities and individualism locked up for a millenium and released by the Renaissance and Reformation through Locke to Adam Smith's first predicate, in Moral Sentiments through his later Wealth, was empathy for social good that ethics requires. In Adam Smith’s lengthy 500 page Moral argument lays the core of the famed Page 1 of 2 May 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.
  • “ Man Bites Man! Getting Your Mastodon? "Invisible Hand" that is unfortunately misunderstood by most as indicative of price-equilibrium. They ‘will’ not see the clouds for their fog of misappropriated hard physics models. Agreement depends on good will and confidence in the integrity of an offer being considered. One does not freely contribute treasure or sweat effort to a shady operator. Markets depend on such altruism he argues. His intent closely approximates the Eusocial contract of recent discussion that advances by our virtuous acts. As Edward Wilson writes of biological behaviours, “Goodness might actually be an adaptive trait, allowing more cooperative groups to outcompete their conniving cousins.” Greed is not good for us socially, altruism isn’t an illusion. Seeking result in mutual benefit remains at the core of negotiating transactions including credit ethically sought and ethically provided in sympathy, virtue and prudence extended in mutual respect and tolerance. That is Smith's perspective (and while not essential in a criminal, as he relates) he believes it is most highly desired such virtues be sought as virtue alone sustains a moral conservative society. His argument proceeds from both humanist and theological streams. Excess and greed are not virtuous or good but ultimately oppressive, whether unrepentant monarchist, capitalist or socialist. Philosophically, said also Karl Popper and his friend Hayek. Confidence is built into our search for ethics in transactions we engage. Our facility for lodging trust to invest in the ideas of a virtuous business plan needs ethics to stand in front and shake hands. As one sage corporate lawyer expressed, the contract no matter how thick and evolved in its articles really just depends on the integrity in the hand shake. We got our mastodon that way. There is no integrity in the mis-appropriation of hard physics models when they do not relate to the real world. Clouds are real facts even children engage, while equilibrium models in economics are suspect fog. The balance of ethics holding group cohesion in economic endeavour is more relevant to business transactions. We prefer clouds to these invocations of fog. Our reasons for having any equity in our portfolios are clear, concise and consistent. The equities we hold are “likeables” tending to gain 67% of the time. The markets make stock prices but we can reasonably respond to stock price tendencies, by our knowing the Risk Price, the downside, and buying and holding accordingly. That is new fundamentals from our theory we have put into policy obtaining 29% IRR average. Know What You Have. Have What You Know Our view is risk averse. Of course we require a fee for doing that. Mail us for our help. Ernst and Hans Goetze, Architypes Inc and StockTakers Limited Head Office 76 Midridge Close SE Calgary, AB T2X 1G1 Page 2 of 2 72 Cornwall Street Toronto, ON M5A 4K5 351 Chemin Boulanger Sutton, PQ J0E 2K0 450 538-1270 May 2012 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions.