The Market Doesn't Care About Your Beliefs

The Market Doesn’t Care About Your Beliefs

And that’s a good thing

The market doesn’t care one bit about your feelings. By the same token, it doesn’t care about your political beliefs. It doesn’t care about your favorite baseball team either, except that it will be happy to sell you some merchandise thereof. (It will even do the same for Yankees fans.) The market only cares about what you have, about what you want, and about what your various price points are.

For the most part, the market’s blithe indifference is a quiet, almost unnoticed blessing. It lets each of us get what we want, with relative ease and efficiency, despite our many disagreements about imponderables. These disagreements would otherwise cause us severe...