Permanent Portfolio Forum
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https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=1969
Good quote.jackh wrote: "I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favor to men of skill; but time and chance happens to them all."
King Solomon
Many years ago, 1968 I think, the Harvard Lampoon did a parody of Time Magazine. One of the "articles" was about a group of rich men who arranged the bludgeoning of camels so as to allow them to pass through the eye of a needle.Again I say to you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God.
Speaking of financial advisors, investment gurus, and market prognosticators:Desert wrote: But one of his disciples, Judas Iscariot, who was later to betray him, objected, “Why wasn’t this perfume sold and the money given to the poor? It was worth a year’s wages.”? He did not say this because he cared about the poor but because he was a thief; as keeper of the money bag, he used to help himself to what was put into it. (John 12:4-6)
In modern times, Judas would run a front-end load managed mutual fund, available only through trusted financial advisers.