Who bought ETGLX? Up > 50% YTD.
I mean when my wife selected MXXVX I went with it even though I'm not overly religious thinking "whatever gets someone's goat and makes him invest his entire families net worth is good enough for me".
Now I'm hearing God is directly influencing ETGLX performance. I mean someone with Engineering and Medical degrees from reputed universities needs God to lend him a hand and God is obliging !!!
Comments
Refreshing.
Eventide’s investment philosophy is rooted in the biblical understanding that God’s great intent for business is that it serve and, in turn, bless humankind . . . and that companies that prosper best, and sustainably, are the ones who do this especially well.
Accordingly, Eventide seeks to invest in companies that operate with integrity and excel at creating value. In so doing we enlarge the capacity of these businesses to create still more value, including for our shareholders. Just as importantly, Eventide tries to avoid investing in companies that engage in predatory behavior or seek profit at all costs — practices which harm customers, society, and eventually shareholders.
This not only gives Eventide investors the potential for outperformance, it also provides a compelling opportunity to invest intentionally in companies whose products and practices bring real blessing. This is the essence of biblically responsible investing — and for Eventide and its investors, we believe that this is truly ‘better investing . . . for a better world.’
We invite you to engage with the interactive diagrams below to more fully understand Eventide’s distinctive investment philosophy — and how our deep, biblical appreciation of business and investing leads to decidedly different choices from other fund managers.
I don't need God to tell me I shouldn't start a company harmful to society. I just don't do it. Similarly if I was an investment manager, I wouldn't need God to tell me not to invest in Monsanto.
Wait a second, I'm not an investment manager. So what I do is buy MXXVX (then sell it but that's another story), who's manager owns Goldman Sachs in its portfolio because Saint Matthew said it was okay, but more importantly because I'm high and mighty and don't directly buy Goldman Sachs. I have someone else do my dirty work for me. I suck, but I can have my cake and eat it too.
Now as far as Eventide is concerned, make no mistake. They and the companies they own in their funds are all doing God's work.
Err...what's that smell? Oops, I think I just barfed!
The Bible contains about 2,350 verses on money. 15% of the Bible is about money/possessions, that is more than any other single topic including Heaven, Hell, faith or prayer!
[What did he know, and when did he know it??]
That is fecal junk. "The first of these phrases is about the creation of wealth. Given how Christians often think about this topic, the passage tells us something rather surprising — that our ability to create wealth is not a human invention at all. Rather, it is a divine gift, something that God himself has bestowed on humankind."
Yup.... But somewhere else, I read: "how difficult it is for the wealthy to enter the kingdom of God."
But the quote is from the HEBREW scripture, not the "New" Testament. Even within that frame, what is at the core, the center, the hearet of it all, is not becoming wealthy. It is freedom, justice and compassion, particularly toward the weak and vulnerable.
"You shall give to (the poor) freely, and your heart shall not be grudging when you give to him.... For the poor will never cease to be among you. Therefore you shall open wide your hand to your brother, to the needy and to the poor, in the land." (Deut. 15:10-11.)
OK, well. They won't see any of my money. The explanations on that website turn their own source (the bible) inside-out and upside-down. It just plain stinks. OK, I'm done. (AAAaarrrggghhhh!!!)
Regards,
Ted
...It is the same kind of unreality I engage in, as soon as I began to invest. Business everywhere is "as pure as the wind-driven slush." Like all of us, if I may. Just don't try to tell me that a mutual fund (ETGLX) is employing "Christian principles" in the way that their website describes. Prosperity Gospel of Ease and Comfort. A bunch of dooky. ...And yes, I suppose it is time, indeed, to move on--- as Ted has asserted, above.
mind sharing exactly how you trade those bubble areas? i have a little bit in biotech, too....
http://www.reviewjournal.com/news/nation-and-world/bill-oreilly-god-told-me-write-about-jesus
From the Beach Boys
"Well she got her daddy's car
And she cruised through the hamburger stand now
Seems she forgot all about the library
Like she told her old man now
And with the radio blasting
Goes cruising just as fast as she can now
And she'll have fun, fun, fun
'Til her daddy takes the T-Bird away"