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In terms of what my own investing stance should be, may I repeat some words from the Goldsmiths, Part IX, viz:



My favorite description of the process on how the plutocrats manipulate the financial markets to manipulate and cheat us is to say that they get up early in the mornings and start making their plans daily on how they are going to defraud and cheat us (while the rest of us are still asleep in bed).



An acquaintance of mine put it slightly different by saying that whenever we enter into a financial transaction with one of these persons, we lose. And that tells the tale. If a person like me tries to play on the field with the Rothschilds, Lazards, Warburgs, JP Morgan-Chase or Goldman Sachs, there is about a 99.99% chance that they win and I lose.

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