Investing on Faith

Faith is an interesting thing. "The substance of things hoped for, the evidence of things not seen," said Paul. Invisible though it may be, faith makes men do things that all the facts in the world, lined end upon end, could not provoke them to do.

I look at the markets of the past few months, and marvel. I think I understand the theoretical nature of faith, having graduated from seminary in what seems like a past life, but was really only a few decades ago (well three, anyway). Fortunately for some poor unsuspecting church, I never went into the pastorate, but immediately upon graduation went into business. I never regret the time spent, though, as those lessons serve me well…