Nick writes:

< It seems to me that most of our actions are based on faith.  A genuine 
skeptic would just be a quivering mass of jello. >

It seems absurd to say `faith-based investing’.  Why would one put their 
well-being in the hands of an organization that didn’t have a plan to manage 
risk?   By having more kinds of resources, and the ability to weather longer 
storms, one can come out of a crisis with a stronger portfolio.   That argues 
for more pooling of resources (and larger organizations), not less.

Marcus

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