Showing posts with label Jewish World Review. Show all posts
Showing posts with label Jewish World Review. Show all posts

Tuesday, May 10, 2022

Don't be stupid with your money, protect yourself


And Rebbe Yitzchak said, A person should always divide his money into three: one third in land, one third in commerce, and one third at hand.
 

-- Babylonian Talmud, Bava Metzia 42a (quoted here)

Americans stupidly now derive 42% of their wealth from stocks:

Through the end of 2021, the share of household wealth that comes from directly or indirectly held stocks hit a record 41.9%, more than double where it was 30 years ago, according to data from the Federal Reserve. 

Friday, September 27, 2013

On the immorality of Jesus' idea of self-impoverishment

"It is forbidden for a person to disown or dedicate all his property and thus become a burden on others."

-- Maimonides' Code, Laws of Right Views 5:12 (quoted here)

"Sell that ye have, and give alms; provide yourselves bags which wax not old, a treasure in the heavens that faileth not, where no thief approacheth, neither moth corrupteth. ... So likewise, whosoever he be of you that forsaketh not all that he hath, he cannot be my disciple."

-- Luke 12:33, 14:33