“HOME Spirituality Philosophy Did God Speak at Sinai? - Aish” plus 3 more |
- HOME Spirituality Philosophy Did God Speak at Sinai? - Aish
- Why better disclosure helps firms, investors - Hindu Business Line
- New philosophy to make up for the syntax of the past - Sydney Morning Herald
- You work hard for your money, does it do the same for ... - Economic Times
| HOME Spirituality Philosophy Did God Speak at Sinai? - Aish Posted: 20 Mar 2010 08:35 AM PDT Who did God give the Torah to at Mount Sinai? Most people reply, "God gave the Torah to Moses." And what were the Jewish people doing while Moses was receiving the Torah? "Worshipping the Golden Calf." Correct answers –- but NOT according to the Bible. The above answers come from Cecil B. DeMille's classic film, "The Ten Commandments." Amazing the impact one movie can have on the Jewish education of generations of Jews. It's a great film, but DeMille should have read the original. The version found in the Torah is quite different. The Torah's claim is that the entire people heard God speak at Mount Sinai, experiencing national revelation. God did not just appear to Moses in a private rendezvous; He appeared to everyone, some 3 million people. This claim is mentioned many times in the Torah.
The Torah claims that the entire Jewish nation heard God speak at Sinai, an assertion that has been accepted as part of their nation's history for over 3,000 years. DeMille's mistake is such a big deal because the Jewish claim of national revelation, as opposed to individual revelation, is the central defining event that makes Judaism different than every other religion in the world. How so?
HISTORY AND LEGENDS Two types of stories are part of any national heritage. The first kind is legends. Included in this category is George Washington's admission to chopping down the cherry tree, along with his statement, "I cannot tell a lie." Johnny Appleseed planting apple trees across America with his discarded apple cores is another legend. Then there is history. For example, George Washington was the first president of the United States. William the Conqueror led the Battle of Hastings in 1066 in which Harold, King of England, was killed. The Jews of Spain were expelled from their country in 1492, the year Christopher Columbus set sail. What is the difference between legend and history? A legend is an unverified story. By their very nature legends are unverifiable because they have very few eyewitnesses. Perhaps little George did chop down the cherry tree. We can't know if it happened. This does not mean that the legend is necessarily false, only that it is unverifiable. No one thinks legends are facts, therefore they are not accepted as reliable history. History, however, is comprised of events we know actually happened. It is reliable because we can determine if the claimed event is true or false through a number of ways. One key to verification is the assertion that large numbers of eyewitnesses observed the specific event. Why is the number of claimed original witnesses a principal determining factor in making historical accounts reliable? This can be understood through looking at the nature of the following series of claims and weighing their levels of credibility. The nature of the claim itself can often determine its degree of believability.
THE BELIEVABILITY GAME Gauge the level of credibility of the following scenarios. Some claims are inherently unverifiable. For example, would you believe me if I told you the following: Scenario #1:
Believable? In theory this could have happened. It doesn't seem likely, but you don't know I'm lying. Would you choose to believe me? Without any substantiating evidence, why choose to believe me? A foolish move, indeed. Scenario #2: Would you believe me if I told you the following:
Believable? This could have happened too. If I were to bring in my family to confirm the story it would be more believable than the first story. You certainly don't know if I'm lying. Would you believe me? Would you fork over $10,000 dollars if I told you God commanded you to do so? No way. There is still not enough evidence to trust my claim -- because it is very possible that my family is lying. Scenario #3: There is another type of claim that you can know is false. For example, would you believe me if I told you this:
Is this believable? This kind of claim is completely different. The two previous scenarios at least had the possibility of being true. You chose not to accept them because they were unverifiable. However this third scenario is impossible to believe. I'm claiming something happened to you that you know did not happen. Since you didn't experience it, you know I'm lying. I cannot convince you of something that you yourself know didn't happen. I cannot convince you of something that you yourself know didn't happen. This first type of claim -- that something happened to someone else -- is unverifiable, because you do not know for certain that the claim is a lie. Therefore it is possible for a person to decide to accept the claim as true if he really wanted to and take that leap of faith. However, the other type of claim -- that something happened to you -- you know if it is inherently false. People do not accept patently false assertions, especially those that carry significant consequences.
SINAI: AN IMPOSSIBLE HOAX So far we have seen two types of claims -- one is unverifiable and the other is inherently false. Could the revelation at Sinai have been a brilliant hoax, duping millions of people into believing that God spoke to them? Let's imagine the scene. Moses comes down the mountain and claims, "We all today heard God speak, all of you heard the God's voice from the fire..." Assuming Moses is making it up, how would the people respond to his story?
If the revelation at Sinai did not occur, then Moses is claiming an event everyone immediately knows is an outright lie, since they know that they never heard God speak. It is preposterous to think Moses can get away with a claim that everyone knows is lie.
REVELATION CLAIMED LATER IN HISTORY Perhaps a hoax such as this could have been attempted at a later period in history. Perhaps the claim of national revelation did not originate at Sinai, but began, for example, 1,000 years after the event was said to have occurred. Perhaps the leader Ezra, for example, appears on the scene, introducing a book purported to be written by God and given to a people who stood at Sinai a long time ago. Could someone get away with this kind of hoax? For example, would you believe the following:
Is there a possibility that I'm telling the truth? Do you know for a fact that it is a lie? After all, it happened so long ago, how do you know it didn't happen? Maybe you learned about in school and just forgot about it. You know North America did not sink hundreds of years ago for one simple reason: If it did, you would have heard about it. An event so unique and amazing, witnessed by multitudes of people would have been known, discussed, and passed down, becoming a part of history. The fact that no one has heard of it up until now means you know the story is not true, making it impossible to accept. An event of great significance with a large number of eyewitnesses cannot be perpetuated as a hoax. An event of great significance with a large number of eyewitnesses cannot be perpetuated as a hoax. If it did not happen, everyone would realize it is false since no one ever heard about it before. Thus, if such an event was indeed accepted as part of history, the only way to understand its acceptance is that the event actually happened.
INTRODUCED LATER? Let's assume for the moment that the revelation at Mount Sinai is really a hoax; God did not write the Torah. How did the revelation at Sinai become accepted for thousands of years as part of our nation's history? Imagine someone trying to pull off such a hoax. An Ezra figure shows up one day holding a scroll.
How would you respond to such a claim? The people give Ezra a quizzical look and say,
If one cannot pull off a hoax with regard to a continent sinking, so too one cannot pull off a hoax to convince an entire people that their ancestors experienced the most unique event in all of human history. Everyone would know it's a lie. For thousands of years, Sinai was accepted as central to Jewish history. How else can this be explained? Given that people will not fall for a hoax they know is a lie, how could national revelation have been not only accepted -- but faithfully followed with great sacrifice by the vast majority of Jews? The only way a people would accept such a claim is if it really happened. If Sinai did not happen, everyone would know it's a lie and it would never have been accepted. The only way one can ever claim a nation experienced revelation and have it accepted is if it is true.
SINAI: THE ONLY CLAIM OF NATIONAL REVELATION Throughout history, tens of thousands of religions have been started by individuals, attempting to convince people that God spoke to him or her. All religions that base themselves on some type of revelation share essentially the same beginning: a holy person goes into solitude, comes back to his people, and announces that he has experienced a personal revelation where God appointed him to be His prophet. Would you believe someone who claims God appointed him or her as God's new prophet? Would you believe someone who claims to have received a personal communication from God appointing him or her as God's new prophet? Maybe He did. Then again, maybe He didn't. One can never know. The claim is inherently unverifiable. Personal revelation is an extremely weak basis for a religion since one can never know if it is indeed true. Even if the individual claiming personal revelation performs miracles, there is still no verification that he is a genuine prophet. Miracles do not prove anything. All they show -- assuming they are genuine -- is that he has certain powers. It has nothing to do with his claim of prophecy. Maimonides writes:
A BOLD PREDICTION There are 15,000 known religions in all of recorded history. Given this inherent weakness, why do all of them base their claim on personal revelation? If someone wanted their religion to be accepted, why wouldn't they present the strongest, most believable claim possible -- i.e. national revelation! It's far more credible. No one has to take a leap of faith and blindly trust just one person's word. It is qualitatively better to claim that God came to everyone, telling the entire group that so-and-so is His prophet. Why would God establish His entire relationship with a nation through one man, without any possibility of verification, and still expect this nation to obediently follow an entire system of instructions, based only on blind faith? Yet, Judaism is the only religion in the annals of history that makes the best of all claims -- that everyone heard God speak. No other religion claims the experience of national revelation. Why? Furthermore, the author of the Torah predicts that there will never be another claim of national revelation throughout history!
Let's consider the option that God did not write the Torah, and its author successfully convinced a group of people to accept a false claim of national revelation. In this book, the author writes a prediction that over the course of history no one will ever make a similar claim. That means if such a claim is ever made at some future time, the prediction will end up being false and his religion is finished. How could the author include in the book he is passing off as a hoax the prediction that no other person will ever attempt to perpetuate the same hoax when he just made that exact claim? If he could do it, he can be certain that others will too, especially since it is the best possible claim to make. If you are making up a religion, you do not write something you know you cannot predict and whose outcome you would think is guaranteed to be exactly the opposite. However, aside from the Jewish claim of Mount Sinai, it is a fact that no other nation has ever claimed such a similar national revelation. Let's summarize two primary questions: 1. Out of 15,000 known religions in recorded history, why is Judaism the only one that claims national revelation, the best of all claims? Why do all other religions base themselves on the inherently weak assertion of personal revelation? 2. If Judaism's claim is indeed an example of a successful hoax that falsely asserts national revelation, the author just got away with passing off the best possible claim, and others will certainly follow suit. Why then would he predict that no one else will ever make a similar claim, a prediction he knows he cannot foresee, and whose outcome is likely to be the exact opposite? There is one simple answer to both questions. A national revelation -- as opposed to personal revelation -- is the one lie you cannot get away with. It is one event you cannot fabricate. The only way to make this claim is if it actually happened. If the claim is true, the people will believe it because they are agreeing to something they already know. Either they personally witnessed it, or their ancestors collectively passed down the account as part of their nation's accepted history. If the claim is false, it's like trying to convince you that God spoke to you or your parents and somehow you never heard of it. No one would ever accept such a claim. Therefore no other religion has ever made the best of all claims, because it is the one claim that can only be made if it is true. One cannot pass national revelation off as a hoax. When inventing a religion, the originator must resort to personal revelation, despite its inherent weakness, since it is a claim that is unverifiable. The originator can hope to find adherents willing to take a leap of faith and accept his or her religion. After all, no one can ever know it is a lie. [Of course, no one can know if it's true either.] This simply cannot work with national revelation since it's the one claim that everyone will know is a lie. It is no wonder that all other religions are based on a claim of personal revelation. Only Judaism can claim national revelation since the Jewish people is the only nation in the history of mankind who ever experienced it. Furthermore, it is interesting to note that the other major religions of the world both accept the Jewish revelation at Sinai, including the Five Books of Moses in their Bible, and hold the Sinai revelation as a key component of their religion. When starting their own religions, why did they build upon the Jewish claim? Why didn't they just deny the revelation ever happened? The answer is that they knew that if national revelation can never be fabricated; so too, its validity can therefore never be denied. Now it is understandable how the Author of the Torah can confidently predict that there will never be another claim of national revelation in history. Because only God knew it would happen only once, as it did -- at Sinai over 3,000 years ago.
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| Why better disclosure helps firms, investors - Hindu Business Line Posted: 20 Mar 2010 11:41 AM PDT
Investment World
-
Investments | Corporate - Corporate Governance Columns - Micromotives Why better disclosure helps firms, investors B. Venkatesh Mass affluent investors typically invest through mutual funds while the high-net worth Individuals prefer separately-managed accounts offered by wealth management firms. Unfortunately, the investment philosophy in mutual funds is not always clear, leading investors to make wrong investment choices. Can investors reduce this risk? This article explains the role of investment philosophy in selecting funds. It then shows why mass affluent investors have difficulty in selecting funds that suit their requirement. It also discusses how improved disclosure would help asset management firms and investors. Investment philosophy Investment philosophy refers to a set of beliefs that a portfolio manager uses to exploit mispricing in securities. This leads to an alpha thesis — how the manager uses the set of beliefs to generate excess returns over the appropriate benchmark index. Suppose a portfolio manager believes that the market typically overreacts to earnings surprises. Her alpha thesis could be to pick stocks of companies that are likely to beat the consensus estimates. Of course, the manager should be able to pick such stocks before most other market participants do. Portfolio managers typically have several alpha theses at a given time. The reason is that each thesis tends to decay in value over time, as market participants increasingly exploit the mispricing in assets. HNIs are aware of the investment philosophy of wealth management firms. This is because the portfolio manager has to map the investment needs of each client with the investment philosophy of the firm. Mass affluent investors are less fortunate. Mutual funds, being collective investment vehicles, are unaware of the needs of these investors. It is, hence, left to the investors to map their objectives to the investment philosophy of the funds. The problem is that funds do not clearly state their investment philosophy. Alpha or noise Investment philosophy for a typical diversified fund runs like this: "The primary investment objective is to achieve long term growth of capital by investing in equity and equity related securities... ." Such unclear investment philosophy could mislead an investor into thinking that a particular fund would suit her requirement, when in reality, it does not. But a more important issue is that an unclear investment philosophy leaves the investor guessing about the fund's alpha thesis. What if the manager is simply exploiting the uncertainty in returns that enables a mediocre investment philosophy generate alpha returns? This could be one of the reasons for the high volatility in alpha returns for many active funds. Of course, somewhat random investment returns means that even alpha pretenders can have a streak of good luck while true alpha generators can suffer a run of misfortune. Given an uncertain future, a clear investment philosophy helps investors reduce the mistake of choosing alpha pretenders. Asset management firms should, hence, signal their alpha-generating skills to the investors through their investment philosophy. Such a signal would help them attract more investors. It would also help the investors optimally map their investments with the investment philosophy of the fund. Conclusion Alpha has to be unique. Suffice it to know that alpha becomes market (beta) returns if every portfolio manager exploits the same alpha strategy. Asset management firms may, hence, defend their current investment philosophy disclosure on the grounds that explaining the same to the investors-at-large would enable other portfolio managers' arbitrage away the alphas. True, but wealth management firms are not entirely different. And they have to convince their investors of their alpha thesis. It, therefore, pays for mutual funds to improve the disclosure of their alpha thesis as well. A growth-style fund, for instance, can state that it follows earnings surprise model to pick stocks, without disclosing the model parameters. Besides, it should convincingly argue why such strategies would continue to generate alpha in the future. Such disclosure would eventually also discourage firms from offering newer products with similar strategies. (The author is the founder of Navera Consulting, a firm that offers wealth-mapping and investor-learning solutions. He can be reached at enhancek@gmail.com) More Stories on : Investments | Corporate Governance | Micromotives
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| New philosophy to make up for the syntax of the past - Sydney Morning Herald Posted: 20 Mar 2010 06:26 AM PDT COMMENT THE problem is huge: low levels of literacy among up to half of Australians. The solution: a new national school curriculum, literacy for the 21st century and, gasp, grammar. Some say dropping grammar in the 1970s began the slide to today's textese - ''yng peeps cant rite proply''. But many older Australians live with literacy levels lower than young people. The issue is the needs of people and the economy are changing and so is the curriculum. Is boring old grammar the answer? Well, not really. It's a modern approach to grammar that's being introduced. And the ambitions are broad: lift children who slip through cracks in the education system to a level of reading and writing that reflects Australia's wealth. Almost half of adult Australians have literacy skills lower than those needed to meet the demands of everyday life and work in a knowledge-based economy, Bureau of Statistics figures show. Scarily, nearly two-thirds of those whose first language is not English scored below the minimum. Even so, compared with other countries, Australia rates well on high-school students' scores in reading, maths and science tests. The problem is that achievement differs across the country - and between the disadvantaged and the better off. Last year's national tests reveal nearly one in three year 9 students in the Northern Territory is below the minimum standard in reading, writing, spelling and grammar and punctuation - they do not have rudimentary literacy skills. In NSW, about one in 10 students is at this low level. The draft national curriculum puts grammar, spelling and punctuation at the centre of English teaching and learning. But why now? Grammar was cut in the '70s because of a view it didn't help students' writing, said Dr Sally Humphrey from the University of Sydney's linguistics department. ''It was like, 'We're just going to give you building blocks; we're not going to show you how it works in text.''' The grammar starring in the new curriculum ''isn't a set of rules for 'correct' use'', she said, but ''a set of resources or a tool kit'' to be used according to the situation - whether it's texting, giving a presentation in class or writing a history essay. ''Each of those three situations would require different resources, different patternings of grammar, to do the job properly in that particular context,'' Dr Humphrey said. ''We want to give kids the grammatical resources for being able to do lots of different things.'' Reintroducing grammar was also part of an effort to strengthen the literacy of children from multilingual and disadvantaged backgrounds, said the lead adviser to the new English curriculum, Professor Peter Freebody from the University of Sydney. ''Our teachers and our systems are geared to doing well for the mainstream,'' he said. Imagine that school results, including literacy, are shaped like a tadpole. The fat body, representing the bulk of students, does well or quite well. But there's a long tail of people left behind. Professor Freebody said students didn't learn to read by year 3 and then just build content knowledge. Different kinds of texts demanded different understandings, he said, ''and those things don't come free with the territory just because you're good at reading and writing when you're in year 3''. While grammar's return may sound like going back to the '50s, the modern educator's knowledge of grammar, and its use for teaching ''reading and writing and enriching kids' understanding of content areas, that's not going backwards'', Professor Freebody said. The new curriculum was arranged into three strands - language, literacy and literature - with grammar an ''integral component'' of each strand. It's about ''letting kids in on the 'secret' of how good writers and good text producers do their work through the resources of language, through the resources of grammar - 'hey, this is how it's done!','' Dr Humphrey said. ''And that's an equity issue … Kids who haven't got access to middle-class homes and middle-class ways of using language that are valued in the schools, they do need [the workings of language] made explicit.'' The Australian Industry Group has highlighted the negative effect of low literacy and numeracy on productivity, safety and training. Group chief executive Heather Ridout said the new curriculum was ''a long overdue step, so we're strongly supportive of it''. Ms Ridout stressed the need for more specialist expertise in language across the board. ''We don't just not have it in schools; we don't have it in TAFE, in the VET sector, and we don't have it in the workforce.'' The draft curriculum is open for comment until May 23. You can find it at www.australiancurriculum.edu.au. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| You work hard for your money, does it do the same for ... - Economic Times Posted: 20 Mar 2010 01:50 PM PDT As a nation we have amongst the highest saving rates in the world (our gross domestic savings as a percentage of GDP at current market prices is around 30%). The same, however, is not true of us as investors. While we do manage to put aside more than others can, we are not really good at putting our money to work. Over the years and in the course of my work, I have had the opportunity of meeting different sets of customers, who could be broadly classified in two groups - the discerning and the undiscerning! The discerning type of investor is a growing breed. He is characterised by having a clearer idea of his financial goals and objectives. He is someone who knows what he wants and how to go about getting it. This kind of investor has a distinct idea of his short term and long term requirements, a fair understanding of market dynamics and is able to understand complex products and debate upon their features. Most importantly, he approaches investments with discipline. The undiscerning type is the investor who often believes he is too caught up to take time out for investments. He has a vague idea of his short-term and long-term financial goals, has superficial knowledge of markets and products. He is the kind who often invests on tips and follows a 'herd mentality' when entering or exiting investments. Most investors in India often share their relationship with more than a couple of wealth managers (relationship managers) managing independent and separate portfolios. This action results in no single wealth manager having a holistic knowledge of the investor's portfolio which is the first step towards a sound financial plan. During the course of these interactions with the investors I would classify their interaction with the wealth managers as positive and otherwise. Let me share some of these with you: My wealth manager is always interested in pushing a product whenever he/she meets me. Most of the times I think he is trying to sell refrigerators to Eskimos. Products are often recommended on the basis of past returns with little regard for other relevant factors. Products are recommended without any regard to my risk appetite and there is no consideration of suitability. The approach is 'one size fits all' and I am sure he would recommend the same product to my grandmother as well. Products that were good a few months ago suddenly turn bad without any apparent reason! This is done to get me out of existing investments so that funds can be routed to wherever he desires. My wealth managers keep hopping jobs and I am left stranded. He often knows facts and figures on the Page 3 section better than the business daily and therefore gives vague answers to queries regarding markets and products. He/she is not interested in doing a periodic review and every meeting is about selling a product. If I'm not buying – he's not turning up! My wealth manager makes excuses or does not take my calls whenever I am making losses or whenever there is nothing to be sold to me. The discerning investor, however, attracts the right people to work with. I have heard some very good things about wealth managers and I have listed some of the feedback below. These can be construed as desirable traits or qualities in a good wealth manager: My wealth manager is more like a member of the family. He/she has been with me for many years and understands me and my requirements well. He/she meets me regularly and does regular portfolio reviews. The decision to invest is based on my risk appetite and portfolio suitability and I am informed in detail about all costs and associated risks. My wealth manager is well educated with good domain knowledge and a fair understanding of markets and products. He/she follows a process based approach to managing my portfolio and not an ad-hoc and undefined approach. My wealth manager represents an institution with a strong research backing and well established processes. It is also important to understand that an individual often represents the organisation's philosophy and thought process. An investor must ensure that he chooses to partner with the right institution. He must make an effort to understand the philosophy and processes and choose an institution where the stated objectives are actually followed. Amongst the many factors, a simple litmus test is to check if the institution: Lays particular emphasis on risk profiling and financial planning; has a transparent advisory and product recommendation process that minimises human bias in investment decisions; has a pre-mandated portfolio review frequency and; has a client centric approach that emphasizes the human element. Therefore, the first step in making your money work starts with you. Be informed. Be demanding. Be discerning. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| You are subscribed to email updates from Philosophy - Bing News To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |

0 comments:
Post a Comment