‘Words are deeds’ said G. K. Chesterton the Prince of Paradox. Some critic may forgive him for his expedient dogmatism for elsewhere as he says ‘word are my trade’.
But the word ‘words’ has taken to have great primacy as the charges have been framed against the now non-existent Bear and Stearns, formerly the fifth largest brokerage firm in the wall street, hedge fund managers Ralph Cioffi and Matthew Tannin.
The case primarily rests on two words they used in the investors conference call where they said that they were ‘cautiously optimistic’ about future prospects of the funds when in fact there was very little optimistic about the performance of the funds. The only apparent pre-‘caution’ Cioffi appears to have taken was to move $2 million of his own money from the fund a month prior to the conference call.
When we live in the pervasive environments of election fever and watch politicians twist and truncate meaning of words to suit their agendas such cases as these where words become all important snap us back to the reality of words in live.
The reality where words will invariably have to be translated to deeds and it is there that they transform from being hot air into being something more tangible. Here the words will have to pass the ‘Test of Truth’. An idea that the politicians, media and general public tend to blithely disregard in the frenzy of being excited about the happenings around the self-important politicians.
‘Words are deeds’, anyone who fails to understand this insight of Chesterton will eventually find the sceptre of Truth haunting him.