If we find a company we like, the level of the market will not really impact our decisions. We will decide company by company. We spend essentially no time thinking about macroeconomic factors. In other words, if somebody handed us a predictions by the most revered intellectual on the subject, with figures for unemployment or interest rates, or whatever it might be for the next two years, we would not pay any attention to it. We simply try to focus on businesses that we think we understand and where we like the price and management. If we see anything that relates to what’s going to happen in Congress, we don’t even read it. We just don’t think it’s helpful to have a view on these matters.
Money has in our time completely lost that desirable significance as a representative of labour; such a significance it has only exceptionally, for as a general rule it has become a right or a possibility for exploiting the labour of others.
The dissemination of money, or credit, and of all kinds of monetary tokens more and more confirms this meaning of money. Money is the possibility or the right to exploit the labours of others. Money is a new form of slavery, which differs form the old only in being impersonal, and in freeing people from all the human relations of the slave.
But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.
- 1 Timothy 6:9-10 (ESV)
But those who want to get rich fall into temptation and a snare and many foolish and harmful desires which plunge men into ruin and destruction. For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.
- 1 Timothy 6:9-10 (NASB)
People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
O LORD, who shall sojourn in your tent?
Who shall dwell on your holy hill?
He who walks blamelessly and does what is right
and speaks truth in his heart;
who does not slander with his tongue
and does no evil to his neighbor,
nor takes up a reproach against his friend;
in whose eyes a vile person is despised,
but who honors those who fear the LORD;
who swears to his own hurt and does not change; who does not put out his money at interest
and does not take a bribe against the innocent.
He who does these things shall never be moved.
- Psalm 15 (ESV)
He does not put out his money at interest,
Nor does he take a bribe against the innocent
He who does these things will never be shaken.
- Psalm 15:5 (NASB)
who lends his money without usury
and does not accept a bribe against the innocent.
He who does these things
will never be shaken.
Every man is rich or poor according to the proportion between his desires and his enjoyments; any enlargement of wishes is therefore equally destructive to happiness with the diminution of possession, and he that teaches another to long for what he never shall obtain is no less an enemy to his quiet than if he had robbed him of part of his patrimony.
What is the use of living, if it be not to strive for noble causes and to make this muddled world a better place for those who will live in it after we are gone? How else can we put ourselves in harmonious relation with the great verities and consolations of the infinite and the eternal? And I avow my faith that we are marching towards better days. Humanity will not be cast down. We are going on swinging bravely forward along the grand high road and already behind the distant mountains is the promise of the sun.