Quite the contrary. When own "money" is at stake, taking extreme sides will make you very poor very fast.
Amit has a fairly well thought out asset allocation plan. Kudos.
Saying RE is overvalued and therefore I wont invest - that is ostrich strategy - get a handle on the market and strike a balance = middle path.
Money is money. It is not a joke.
Gandhi, Dandavate, NS Rao and MMS were discussed to learn from the past - and understand the differences between 1991 and 2012. Also one fact about the Indian psyche - that we are easily misled and have mistaken opinions about exalted people from the past - that history instead of laying things bare becomes obscured by poor quality of historians who dont call a spade a spade. And dont call a moron a moron even though they are long dead. That our collective understanding of what actually happened is frequently totally wrong.
For example, when you read Gandhi's experiments with truth and realise what he believed in - the poor quality of intellectual capital demonstrated by that piece of writing - then only can we understand the poor quality of political forces which have shaped our nation - and why there are so many deficiencies in it. The father of our nation requires more serious study than what our squeamish, sycophantic and unable to criticise intellectuals are able to devote to it. After all, the man is dead - what we say now cannot hurt him.
But when it hurts others of today - we have to wonder why our countrymen are so easily hurt.
As you say - there exists reality. And we are trying to fine tune our understanding of it - in the hope that
1. We dont repeat past mistakes
2. When past events repeat or threaten to repeat, we position ourselves to prevent loss and if possible, to make profit.
Frankly, my discussions here over the last 3 years have really honed my thinking process no end. My own limitations and fallacies get exposed too. Thanks to all those who argued with me.
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