This book, with its argument composed
as it is of American music, mathematical logic, and psychology, might
be seen to speak past some central human concerns. But the pursuit of
democratic ideals is never as far away as we would sometimes like to
think.
In his classic book, The Intelligent
Investor, Benjamin Graham writes: "[T]he investor's chief problem
- and even his worst enemy - is likely to be himself." This vision of
inward struggle points to the theme of The Mighty Quinn (a pessimism
of the intellect and an optimism of the will) and various
manifestations (the inoculaltion with disillusion, the renunciation of
ideology). A powerful statement of this idea, included elsewhere on
this website, comes form Ludwig Wittgenstein:
"[Wittgenstein] often remarked that
the problem of writing good philosophy and of thinking well about
philosophical problems was one of the will more than of the intellect
- the will to resist the temptation to misunderstand, the will to
resist superficiality."
"Return to normalcy" is
a famous phrase from a speech by Warren G. Harding which also
contained these words: "Sober capital must make appeal to intoxicated
wealth, and thoughtful labor must appeal to the radical who has no
thought of the morrow, to effect the needed understanding."
The mormalcy that was meant to follow
The Great War (meant itself to make the world safe for democracy) gave
way to The Roaring '20s, The Great Depression (featuring the Bonus
Army), The Good War, The Cold War...
These words are from John C. Bogle,
whom Gretchen Morgenstern, in her July 30 column in The New York
Times, described as a "philosopher of finance" (Ms. Morgenstern
describes the words below as "bringing a little 19th-century
enlightenment to this moment of 21st-century gloom"):
"We Americans
are one lucky bunch. But, let's face the truth. While the
Declaration of Independence assures us that 'all men are created
equal', we'd best face the fact that we may be created equal but we
are born into a society where inequality of family, of education and,
yes, even opportunity, begins as soon as we are born. But the
Constitution demands more. We the people are enjoined to form a more
perfect union, to establish justice, ensure domestic tranquility, and
to promote the general welfare and to secure the blessings of liberty
to ourselves and our posterity. So it's up to each of us to summon
our unique genius, our own power and our own personal magic to restore
these values in today's imbalanced society."
A more global perspective on Bogle's
sentiment was delivered by the man who coined the beautiful phrase "a
more perfect union" at one of America's darkest moments. Abraham
Lincoln was quoted on September 11 1868 as saying.
"Our defense is in the
preservation of the spirit which prizes liberty as the heritage of all
men, in all lands, everywhere."
Photos, left to right: Warren G. Harding,
Benjamin Graham and John C. Bogle