What is Fact & Reason (F&R)?

Simple.  The Fact & Reason (F&R) approach is about obtaining all relevant facts and figures, pertinent to a subject matter, and synthesizing the same using applicable analysis, deduction, and reasoning processes, so as to draw sensible, valid, and corroborated conclusions on the subject.

A straightforward example is say if it is postulated that Manchester United is the best football team in the world the following steps under the Fact & Reason approach would be used:

1.     Subject breakdown (Break down the subject into its constituent components).

• What does the statement "best football team" mean?
• Over what time period will the subject matter be measured?
• How would one be able to a objectively compared teams from different countries, different competitions, etc?

     2.  Obtain relevant facts and figures (For relevant time period and team universe)

• Obtain teams' certified results;
• Obtain teams' disciplinary records;
• Obtain teams' competitive awards history;
• Obtain teams' financial history;
• Obtain teams' fan club activity and support details;
• So no and so forth.

     3.  Analysis, compare, and contrast facts and figures for all members of the team    universe (Statistical, Econometric, Quantitative methods).

     4.  Deduction and conclusion drawing.

     5.  Testing of conclusions (Should have an element of independent review / opinion).

     6. Issue conclusion / view / opinion.

As simple as that.  Try it on any issue, starting with the simple day-to-day matters, get the hang of it and then begin applying the same to more difficult and challenging scenarios.  I will be happy to review your trials or provide independent feedback on the same, if you please.  Just post your F&R summary walk-throughs on this blog.  

Good luck and have fun.

Why I decided to blog?

It occurred to me that the global access and exposure that the internet can provide, to anyone interested, is simply priceless.  I have now spent just over two weeks on Facebook and it has provided me with the unique and unbelievable opportunity to reach scores of people, to be reached by them, to share my ideas, opinions, and views on a myriad of issues and matters, and to hear what others think as well.  The magical power to disseminate thoughts and ideas to thousands, via the internet, is too good to be true, but is clearly one of the attributes that makes the internet such a powerful global information-sharing platform.

I believe that the 21st century will mark the end of the reign of the importance of tangible material assets, and will usher in the true epitome of infinite value; data, information, and knowledge.  Notwithstanding, to my mind, these value drivers will be worthless if not applied properly, and the only way for that to happen is for them to be synthesized by fact and reason.  This is why I started this blog, so as to provide a stimulus and a platform to anyone and everyone interested in deducing actions, reactions, pro-actions on any matter or issue from the application of a fact and reason approach to available information.  It may be a life matter, an economic matter, a medical matter or a political matter, I strongly believe that the fact and reason approach can be of practical use as a model to guide, decisions, choices, options and solutions.

I would like this blog of mine to contribute to the positive, objective, and responsible discussion of issues, problems, and challenges, really of any size or nature, and encourage fruitful debate, engagement and idea-sharing for as many people as possible.  If this blog evolved into something of a think tank, or a reference point / sounding board for decision-making and action taking to any degree, I would be happy.