Thank you to everyone who donated to Tikva Odessa, a charity in Ukraine that helps Jewish orphans. With your help, we raised $17,518. You can listen to a professional narration of this article below: Article available in Spanish here. February 2022 Four times a year I write a letter to IMA clients. These letters are long; the most recent Fall letter is 27 pages. I try very hard to bring IMA clients into our thinking about the economy, investing, stocks and decisions we’ve made in their portfolio (
Thanks! Very useful
In RE: David and Goliath. Not to pick at nits but you left out some important points about the story. First, David chose to accept Goliath's challenge because the Philistine had mocked God. The one, true God. The God of Abraham, the God of Moses. The God of Israel. David's devotion to, and trust in, the one true God is what motivated him to go down into the valley and fight Goliath.
Second, David accepted Saul's offer at first. He put on Saul's armor, his shield and hoisted his sword. But David, being a young teen (we think, based on other stories in I Samuel) realized he would lose whatever advantages he might have. Agility, flexibility, and so on.
But I agree that this story wonderfully shows how you must approach investing, really all of life, with an attitude that going with the crowd, doing things the conventional way, is a road to failure. And it is also a road that is a LOT LESS FUN!!!
Listen. Thank you.
Interesting, thank you!
Great take, appreciate! Have a great day!