A scientific theory is simply an attempt to explain the facts of nature. Reality is based upon replicated facts, whereas interpretation of these facts is based upon a credible theory:
1. The heliocentric theory could explain the movements of celestial bodies better than the geocentric theory. So, we put the Sun at the centre of the solar system, and it clarified a lot of things.
2. The germ theory could explain the origins of contagious diseases better than the miasma theory.
3. The theory of evolution by natural selection could explain the origins of species better than creationism. That helped us get over the idea of “immaculate conception”.
4. The mitochondrial metabolic theory explains the origins of cancer better than the somatic mutation theory. Still, in its infancy, the idea that cancer is a preventable disease (or that diabetes is a symptom, not a disease) paved the way for various new treatment regimens or protocols.
So, in short, the world has always been full of bad ideas. And entire industries have been born to take advantage of such bad ideas. The idea that the market is engaged in “price discovery” often hides the fact that market operators often make it difficult to get in cheap into a stock, or they dump a stock onto the unsuspecting public by creating a false narrative.
This story is from the July 2023 edition of Wealth Insight.
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This story is from the July 2023 edition of Wealth Insight.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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