I counseled many returning missionaries. I interviewed 1,700 missionaries all over the world. My advice to them is that you should study and prepare for your life's work in a field that you enjoy.
A prince who is not himself wise cannot be wisely advised. . . . Good advice depends on the shrewdness of the prince who seeks it, and not the shrewdness of the prince on good advice.
Louis Pasteur, the great scientist, said "chance favours the prepared mind", which is a posh way of saying 'do your homework', but it's an excellent piece of advice.
If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
The church has lost her testimony. She has no longer anything to say to the world. Her once robust shout of assurance has faded away to an apologetic whisper. She who one time went out to declare now goes out to inquire. Her dogmatic declaration has become a respectful suggestion, a word of religious advice, given with the understanding that it is after all only an opinion and not meant to sound bigoted. Pure Christianity, instead of being shaped by its culture, actually stands in sharp opposition to it.