[FRIAM] from 5/15 virtual FRIAM

[Marcus Daniels]

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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