We show that the following conjecture about the universe V of all sets is wrong: for all set-theoretical (i.e., first order) schemata true in V there is a transitive set "reflecting" in such a way that the second order statement corresponding to is true in . More generally, we indicate the ontological commitments of any theory that exploits reflection principles in order to yield large cardinals. The disappointing conclusion will be that our only apparently good arguments for the existence of (...) large cardinals have bad presuppositions. (shrink)