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Hi Grant, I really liked your post and thoroughly enjoyed the parallels that you used to connect The Fool to Ted Lasso and Dennis Rodman. Your point about sometimes how one must be the fool and not always be right was very well put, well done.

I\u2019m thinking of all of this because I\u2019m thinking of the benefits of being a fool and the Fool\u2019s long literary history. In literature, the archetypal Fool babbles, acts like a child, and doesn\u2019t understand social conventions (or at least pretends not to), so the Fool can speak the truth in ways others can\u2019t. You might say the Fool is the ultimate storyteller: they take risks to tell the tale only they can see.

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Tish Harrison Warren, an Anglican priest who writes a column for The New York Times, recently wrote about the Fool\u2019s role in religion through the lens of one of our most popular pop-culture fools, Ted Lasso.

She discusses the \u201Choly fool\u201D\u2014\u201Ca person who feigns insanity, pretends to be silly, or who provokes shock or outrage by his deliberate unruliness.\u201D The irony is that in flouting conventions and inviting in ridicule, the Fool demonstrates allegiance to God, lives closer to love, and teaches the rest of us how to live.

He relinquishes the need to be right and win. He relinquishes the need to be seen as smart and successful. He\u2019s not motivated by ambition, vanity, or fame, and by going against the current, he ends up charming the press, and, with the humility that only a fool can have, he turns a moment of conflict into a moment of levity, even joy.

What appears \u201Cnormal\u201D and \u201Csuccessful\u201D in the world is revealed by the fool to be hollow, vain, and pointless. What appears foolish, it turns out, is the true path of flourishing. Above all, a holy fool is an icon for radical humility. And this is where Lasso most clearly embodies this persona.

Jackson and Rodman bonded over a necklace Rodman had from the Ponca tribe in Oklahoma, where he grew up. Jackson said that in the Ponca tradition, Rodman would be a heyoka\u2014a backward-walking person. The heyoka was the Fool in that culture, but they were treated with reverence, as a seer, and Jackson decided that having a fool on the team could be a good thing.

In 1885, Thomas Jefferson Adair moved into the area with the intention of farming. The locals joked that only a fool would try and farm the place. The name stuck! The tiny town of Adair has long since been covered by the lake, but it was Adair who was responsible for the name Fool Hollow.

The fool was the quintessential medieval entertainer, whether on the street or at court. His slippery character allowed him to move between worlds, defying the strict social order of sixteenth-century English society.

A fool is an English dessert. Traditionally, fruit fool is made by folding pured stewed fruit (classically gooseberries) into sweet custard. Modern fool recipes often skip the traditional custard and use whipped cream. Additionally, a flavouring agent such as rose water may be added.

Why the word "fool" is used as the name of this fruit dessert is not clear. Several authors derive it from the French verb fouler meaning "to crush" or "to press" (in the context of pressing grapes for wine),[1] and Alan Davidson argues that it is 'reasonable to suppose that the idea of mashed fruit was there from the start' but also points out that Norfolk fool, contained no fruit.[2] but this derivation is dismissed by the Oxford English Dictionary as baseless and inconsistent with the early use of the word.[3] The name trifle was also originally applied to the dish, with the two names being used, for a time, interchangeably.[4] In the late 16th century a trifle was 'a dish composed of cream boiled with various ingredients' Davidson suggests that this is 'also the description one could give of a fool'. In support for this theory, Davidson quotes John Florio from his dictionary of 1598: 'a kinde of clouted cream called a fool or a trifle'.[2]

'Foole' is first mentioned as a dessert in 1598, made of 'clouted creame'[3] although the origins of gooseberry fool may date back to the 15th century.[5] The earliest recipe for fruit fool dates to the mid-17th century.[6] The soft fruits used in fools in the sixteenth and seventeenth centuries were often boiled and pulped before being mixed with the cream. It was considered the most 'prudent' way to eat fruit at the time as there was a fear that fruit was unhealthy and so it was felt necessary to boil fruit to a pulp to make it safe.[7][2] Fruit fools and creams, argues food historian C. Anne Wilson, 'succeeded the medieval fruit pottages. They were based on the pulp of cooked fruits beaten together with cream and sugar. Gooseberries, and later orange juice combined with beaten eggs, were made up into fools.'[7][2] The cream in earlier fools was often left unwhipped. The process of whipping cream before forks were adopted in the late 17th century was long and difficult.[2] The eggs used in many earlier fool recipes became less common, and now most fools are made without them.[2]

Originally, the most common fruit ingredient in fools was gooseberries, although other fruits and berries are known from early recipes, e.g., apples, strawberries, rhubarb and raspberries. Modern recipes may include any seasonal fruit readily found.[8] In Anglo-Indian cuisine, mango fool is a popular variation.[9]

Norfolk fool[10] is an old local variation of the fruit fool, often containing minimal or no fruit.[2] It is seasoned with spices, such as mace and cinnamon, and thickened with eggs and boiled. [11][7]

As brokers made their bets, some making a fortune, some making fools of themselves, others making their criminal defense cases, Cline and millions of other health care workers just prayed there would be enough supplies tomorrow.

So as a financial professional, should you ever try to implement a greater fool strategy? How do you recognize a client that wants to play the greater fool game? What should you do if your client wants to buy an overpriced stock?

There is abundant evidence that, with respect to investors, greater fools actually exist. However, this is a very risky strategy that is not recommended for long-term investors. Successfully implementing a greater fool strategy is labor intensive and time intensive. One must pay an excessive amount of attention to markets, because price trends can reverse in minutes. Most clients (and financial professionals) do not have the time and resources to do that. The greater fool strategy usually is not a feasible or sustainable one for investors who do not have the speculation and market trend expertise of full-time day traders.

Moreover, while speculation based on a belief in The Greater Fool Theory has the potential to make money, there is signicant risk that your client(s) could turn out to be the greater fool. When the bubble bursts and the music stops, you do not want your client left standing without a chair.

Greater fools generally are impatient investors who are attracted to stocks that are popular or "hot". They are not interested in the steady, consistent returns, or value stocks. When markets begin to twitch, these types of clients will want to move on to the next "hot" stock.

It has been well-documented by academics and nance professionals that stock returns are what we call "mean-reverting" (which is to say that stock prices move around but they eventually move back to their mean/average price). When the price of a "hot" stock rises too far above its average, the price will eventually decline. In these situations, it can be useful to remind your client that no one has a crystal ball to predict exactly when a market bubble will burst or when a particular stock's mean-reversion will happen. Let them know that a greater fool strategy is a form of speculation and that they do not want to be holding the bag when there are no more greater fools left to sell to at a higher price.

But nothing has taught me about the connection between learning and foolishness more than sharing a house for the past 8 years with my little pint-sized artists, who seem to show more creativity in one day than I do in a month.

You say you are scarcely competent to write books just yet. That is just why I recommend you to learn. If I advised you to learn to skate, you would not reply that your balance was scarcely good enough yet. A man learns to skate by staggering about and making a fool of himself. Indeed he progresses in all things by resolutely making a fool of himself. You will never write a good book until you have written some bad ones.

Our research showed (not surprisingly) that, no matter what kind of organization we studied, everybody wanted to work with the lovable star, and nobody wanted to work with the incompetent jerk. Things got a lot more interesting, though, when people faced the choice between competent jerks and lovable fools.

While researching, Outram admits she was taken aback by some of the cruel and humiliating pranks the fools endured, including electric shock experiments and public nudity. Barbaric though this may seem from a 21st-century perspective, Outram encourages readers to see the contemporary relevance of fooling.

The greater fool theory approach to investing, instead of focusing on trying to accurately discern the true, or intrinsic, value of an investment, focuses on simply trying to determine the likelihood that you can sell the investment to someone else for a higher price than what you paid.

Valuations based on highly inflated multiples cannot continue indefinitely. The bubbles formed by these irrational valuations are bound to burst and that is when a crisis arises. Take the case of the subprime mortgage crisis, where people took credit from banks in order to buy houses, hoping to find a greater fool in the future to whom they could sell the house at a higher price and make substantial gains. 006ab0faaa