election year

Win Some, Lose Some

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Coke or Pepsi

Miracle Whip or Mayonnaise

Big Mac or Whopper

iPhone or Galaxy

Rap or Country

Republican or Democrat or ______

We all have our tastes and preferences, and we make our choices accordingly. Sometimes we like our options. Other times, we choose what we dislike least.

And so it goes with our elections—especially last week’s. Like you, I “won” some and “lost” some. (Thankfully, my life goes on because I don’t define my hopes and dreams or faith in America by which person or party is in office. That would be giving them way too much credit.)

But, after observing the aftermath of this election, I’d like to share a couple of thoughts to help us keep things in perspective:

  1. Our nation is clearly divided, but this shouldn’t be news to anyone. In most of my voting years, the Presidential election is always pretty close. Usually, only a few percentage points separate the winner from the loser. So, you should expect half the people will disagree with you! And, yes, they did their homework, too.
  2. Knowing this, the question is how we deal with our victories and losses. Are we constructive or destructive in the aftermath? Do the winners rub it in? Or, do they respond with humility and kindness, knowing that the losers may be struggling with fear, anger, or disappointment? Do the losers resort to whining, blaming, name calling, protesting, and shaming to make the winners feel guilty or stupid? Do they really believe these misguided efforts to “enlighten” will change minds? No, they reinforce!
  3. Let’s remember that citizens consider many different factors when casting votes. What tips the scales one way or the other may be the candidate’s person, specific policies (of which there are many), party loyalty, or other factors. Our decisions are not only influenced by the candidates’ philosophies and positions, but also in how we uniquely weigh their importance. I might emphasize economic policy and someone else foreign policy or social issues, and that’s okay. For these reasons, it is highly presumptuous (not to mention silly, useless, arrogant, and obnoxious) to judge another’s votes. Please, let’s stop this.
  4. There is a tremendous disconnect between the worldview composition of the “mainstream” media and college complexes with the people of the United States. In other words, our population is much more philosophically and politically diverse than are our primary news sources and the educators teaching our young adults. This imbalance is a concern. Judging by our governorships, congressional memberships, and the White House, our nation’s political offices (and our general elections) are quite balanced between Republicans and Democrats. Therefore, so long as our primary media outlets and college educators’ worldviews are skewed (presently Leftward) rather than balanced, there are significant implications:
    1. We are more subject to bias and alarm (intended or otherwise) and less likely to understand different points of view and election outcomes we may not like. If our news and opinion sources are primarily Left-or Right-leaning, we are more apt to consider their information as unbiased truth, when it’s often opinion. In contrast, when we pursue a variety of information sources with differing worldviews, we develop more complete, objective, and informed arguments.
    2. We become more polarized and intolerant of differing views, considering people who disagree with us as uninformed, misguided, or worse. We argue rather than respectfully seek mutual understanding and new perspectives. Or, sadly, as is becoming more prevalent on college campuses, we simply shut others down. Ironically, we often agree on the ends, but simply differ about the means to achieve them! A good example of this is the use of tax cuts or government spending to stimulate the economy. Reasonable and really smart people disagree!
    3. We lose friendships. Now, this is just dumb.

The bottom line is that, politically, we are pretty much a 50/50 nation because of legitimate differences of opinion. So, let’s be respectful and resilient. When elections don’t go our way, let’s spend a little more time respecting the judgments of others, accepting that we don’t hold a monopoly on truth, learning more about opposing views, diversifying our friendship circles and information sources, and finding constructive ways to advocate for our positions the next time around.

And, yes, there will be a next time. After all, we Americans are a fickle bunch.

Humility Over Pride

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The general election is just days away! Things always get pretty crazy during this week every four years—lots of promises made, reflections on presidents of the past, inflammatory rants on social media pages—the list goes on. As I think about what a new president will mean for our future, I also find myself thinking about history, and something I think we are all looking for right now: a little bit of humility.

No matter what political party you are affiliated with (if any), I think we can all agree that Abraham Lincoln was a pretty remarkable man.  Despite his humble beginnings, he accomplished some incredible things (beginning the process of ending slavery, maintaining the union during the Civil War, and setting an example of integrity and wisdom). I wish we had more role models like him today.

One of my own role models during my long investment career was a colleague named Ernie Ankrim, a brilliant financial thinker who became the chief market strategist where I worked. However, as smart a strategist as he was, Ernie was equally gifted in public speaking.

Everyone admired how Ernie shared his insights with such humor and wit. He was the total package and audiences could never get enough of him. (It was painful to follow him!) Yet, despite all of his accolades, Ernie is the one of the most humble people I’ve ever met. If anyone had bragging rights it was Ernie, yet he was always the first to give others the credit.

Ernie’s humility has had an enormous impact on my life and my behavior. Whenever I’ve been acknowledged for a good work or some success, I often think, “How would Ernie respond?” My answer is always the same. First and foremost, I owe my success to others.

Abe Lincoln had a similar philosophy. He famously said, “What kills a skunk is the publicity it gives itself.”

As you travel along your life journey, you’ll have many proud achievements along the way. And you know what?  They’ll likely speak for themselves. You won’t have to toot your own horn to get people to notice you.

Here are three tips to help you become more humble (and I think we can all hope our presidential nominees will apply these to their lives as well!):

  1. Ask for feedback from others. Instead of insisting you’re always right (or your way is the only way), consider asking others for feedback on your performance (what went well and where can I up my game?). They may offer some insight you never would have thought of yourself!
  2. Understand that adversity can be preparation for greater things. Setbacks are a part of life, unfortunately. Humility allows you to accept these obstacles without the fear of failure, to dust yourself off, and start again.
  3. Confront your negative opinions of others. Do you have any deep-rooted prejudices? Chances are, you’re too proud to admit it. It’s important to recognize these (for example, negative views on certain people groups, etc.), and then make the effort to listen and learn with an open mind.

 

And, when successes come your way, rejoice and be grateful to those who helped make it happen. Your acknowledgement of others first, before you give yourself a pat on the back, will be greatly admired and will set you up as a leader of integrity.

When you do something great, is your first instinct to give yourself the credit or others who have helped make you the person you are today? Who comes to mind as someone you would like to thank or give credit?

Be On Guard for Media Bias

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Consider this hypothetical set of facts: the US Government just reported that the nation’s GDP (gross domestic product, an indicator used to gauge the health of a country’s economy) grew at 4.0 percent last quarter. This compares with 6.0 percent for the prior quarter and 3.2 percent for the long-term average.

How might this be reported by the purveyors of our news?

Well, first let me tell you how I’d report it: “US economic growth remained strong by historical standards, although it decelerated from the previous quarter.” Accurate and unbiased.

But, let’s say that the media outlet is biased in favor of the sitting President. You’re liable to see something like: “US economic growth remained stellar by historical standards in the latest report, exceeding the long-term average by 25 percent!”

Now, let’s say the news outlet is biased against the sitting President. You’re more likely to see something like, “US economic growth plunged 33 percent from the prior quarter, causing some to believe a recession is on the horizon.”

See the difference? The fact is, media bias is everywhere! And, in election years like now, it’s on steroids!

 I must confess that when I was 18, I had no clue about how much distortion, bias, embellishment, selective reporting, and outright falsehoods exist within the media and among supposed authority figures. We assume that our news reports are accurate and truthful, until we realize that many outlets have an agenda. After all, they have a bully pulpit and can influence our perception of the facts. And, the uninformed and undiscerning will never know. But, not you!

Here are some of the more common clues that your news sources have a slant:

  • Their sensational headlines steer readers toward the perception they want
  • Their opinions don’t stay on the editorial page, confusing readers over what is fact versus what is spin; their opinions are embedded in the articles, often by emphasizing “experts” that reinforce their view
  • They locate positive news items (to their leaning) in the front pages and negative reports toward the back
  • They deliberately feature news items favorable to their views while avoiding news hostile to their view (note this is incredibly common and difficult to detect because one needs to review sources on both sides to notice what’s missing)
  • During elections, their editorial boards strongly favor candidates of one party over the other
  • They take “snipits” of comments or video clips out of context to deliberately mislead
  • They “rereport” articles from news agencies and sources friendly to their editorial leanings

In addition to the print and online journalists, we also observe media bias in our national news reporting and, especially, among radio shows. In addition to the above list, it’s commonly revealed by: 1) the mix of guests they select (skewing in their “favor,” 2) the nature of questions they ask during interviews (often editorialized and slanted), 3) the tone and body language they exhibit with their guests (friendly versus hostile), and 4) the airtime they allow guests favorable versus disagreeable to their views.

Interestingly, when you review the national and state political scene in our country, Americans are essentially split in their leanings. However, studies consistently report that America’s news media and college professors lean left of center, on average. It’s something to be aware of as we filter our news.

The bottom line is this: some try to inform, some try to persuade, and some think they’re informing when they’re really persuading in disguise. That’s why being a discerning skeptic of all we read, hear, and watch is so important.

So, in this election year, have your media (and professor) bias detector on overtime, and use this season as a learning experience for your children and students. Have them watch/read/listen to folks on the political Left like Chris Matthews and Rachel Maddow, and news sites like the New York Times and Slate), and contrast that with the reporting you’ll receiving on the Right from the likes of Sean Hannity, Rush Limbaugh, and the National Review. Watch the post-debate commentaries on different news networks to gauge their different perspectives and angles.

It’ll be an eye opener, for sure.

How do you detect media bias? Do you factor it into your interpretation of the news? Do you consciously seek out alternative views when you develop your political opinions?