Your Sophist Filter: On CEOs, Cynics, and the Voice in Your Head – Ep 304

Around 155 BC, Athens sent the philosopher Carneades to Rome to plead for a fine to be lifted. He delivered a brilliant speech and swayed the audience. The next day he returned to the same square and delivered an equally impassioned speech making the opposite point, and swayed them all over again. Cato the Elder…

Around 155 BC, Athens sent the philosopher Carneades to Rome to plead for a fine to be lifted. He delivered a brilliant speech and swayed the audience. The next day he returned to the same square and delivered an equally impassioned speech making the opposite point, and swayed them all over again. Cato the Elder was in the crowd this time, and Athens paid the price.

This essay is an excerpt from my book Soul in the Game. It’s about building what I call a Sophist filter: the discipline of stripping the emotional coloring off other people’s words, and off your own.

In ancient Greece, Sophists taught oratory as a weapon of persuasion through emotion and reason. Stoics were wary of them. They believed the words you use to persuade others end up shaping how you think, since you don’t have one brain for the world and another for yourself. Marcus Aurelius would describe Basil Honey Glazed Wild Alaskan Salmon as “the dead body of a fish, with herbs and honey.” Epictetus would swap “our ship is lost far at sea” for “we are at sea, and we don’t know where we are.”

I walk through why this matters in my day job. I talk to CEOs and listen to dozens of conference calls a month, and after some of them I want to mortgage my house and hand over the money. I discuss what the filter looks like for executives, for cynics who sound smarter than optimists, for arguments smuggled in through jokes, and for people who advertise their own virtues.

The full essay is at investor.fm.

_________________________________________________________ 🔗 LINKS MENTIONED: Review on Amazon https://www.amazon.com/review/create-review/?ie=UTF8&asin=0857199072

_________________________________________________________ 📩 Join 100,000+ readers on Vitaliy’s FREE weekly newsletter: https://investor.fm/sign-up/

📚 Vitaliy’s books: Soul in the Game – https://amzn.to/43CF73v The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ Active Value Investing – https://amzn.to/3u8zn3A

🌐 Follow Vitaliy: X/Twitter – https://x.com/vitaliykLinkedIn – https://www.linkedin.com/in/katsenelson/ Instagram – https://www.instagram.com/vitaliyk/ Website – https://investor.fm/

_________________________________________________________ WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management Associates (IMA) and an award-winning writer. Forbes Magazine called him “The New Benjamin Graham.” His work has appeared in the Financial Times, The Wall Street Journal, Barron’s, Fortune, Institutional Investor, and Foreign Policy. He is the author of three books, including Soul in the Game: The Art of a Meaningful Life. _________________________________________________________ Please read the following important disclosure: https://investor.fm/disclosure/

View IMA’s regulatory filings — including ADV Part 2A & 2B, Form CRS, firm brochure, conflicts of interest disclosures, sample quarterly letters, and privacy policy — at imausa.com.

New to investing?

Explore these valuable guides to get started.

Related Articles

My New Daughter – Ep 303

The Wedding Politburo gave me three minutes for this speech, as its members are still suffering from PTSD from my last one, which ran 50. Okay, I'll keep this one to 40.

Depressing Reasons Why I Am Bullish On Gold (Part 2) – Ep 302

Here is what changed my mind. Not something about gold, but many things about the dollar. The US dollar is the world's reserve currency. It has had a well-deserved place since WWII, and that rested on three things: the largest, steadiest, most diverse economy; a politically stable democracy; the best military.

Narrative Change (Part 1) – Ep 301

Narrative change is a reversal of mass behavior. Economics and stock market valuation are governed by soft laws, but the reality bent by human behavior can disagree with these soft laws for much longer than rational actors would expect, or stay solvent. The change, going from euphoria to despair, is a change in narrative.

You Are Responsible for What You Have Tamed – Ep 300

As an entrepreneur, you always want to grow your business. Your current revenue and profit are never enough; they just set the bar higher for next year. We always want more. But this “more” has a hidden cost.

Leave a Comment