Aristotle claims in his Metaphysics: “To say that that which is, is not, and that which is not, is, is a falsehood; therefore, to say that which is, is, and that which is not, is not, is true”.
What these 4 blind men are feeling is an elephant. The moral of the parable is that humans have a tendency to project their partial experiences as the whole truth, ignore other people’s partial experiences, and one should consider that one may be partially right and may have partial information.
To cloak this discussion on truth in some academic jargon we can be describe it using correspondence theory or its close competitor coherence theory. Stay with me a moment.
Correspondence Theory simply put says, an idea which corresponds with reality is true, while an idea which does not correspond with reality is false. Coherence Theory simply put is, a belief is true when we are able to incorporate it in an orderly and logical manner into a larger and complex system of beliefs.
The PsyQuation Score™ is our source of truth. We use this proprietary metric as our filter to rank a traders ability as compared to a large ecosystem of traders. There are times when the PsyQuation Score™ follows the correspondence theory and traders with a high score share the reality of high risk-adjusted returns. There are other times when the PsyQuation Score™ follows the coherence theory of truth where a trader with a high score does not achieve a high risk-adjusted return in reality but a group of high scoring traders as part of a collective more complex allocation system achieves high risk-adjusted returns in reality.
In conclusion the PsyQuation scoring algorithm does not claim to be the ultimate source of trading talent truth. We have learned there can be many truth’s in reality. The truth be told ?, we believe that the PsyQuation Score™ captures far more truth’s than any of its competitors.
The PsyQuation Team
