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Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement.

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Gilbert K. Chesterton

Before the Roman came to Rye or out to severn strode,
The rolling English drunkard made the rolling English road.

Drunkards, English, Made, Road, Rolling
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To love means loving the unlovable. To forgive means pardoning the unpardonable. Faith means believing the unbelievable. Hope means hoping when everything seems hopeless.

Believing, Faith, Hope, Inspirational, Love, Success

Those who leave the tradition of truth do not escape into something which we call Freedom. They only escape into something else, which we call Fashion.

Call, Fashion, Freedom, Leave, Tradition

Truth can understand error, but error cannot understand truth.

Error, Errors, Truth, Understand

You'll never find the solution if you don't see the problem.

Ifs, Problem, See, Solution, Solutions

On the third day the friends of Christ coming at daybreak to the place found the grave empty and the stone rolled away. In varying ways they realized the new wonder; but even they hardly realized that the world had died in the night. What they were looking at was the first day of a new creation, with a new heaven and a new earth; and in a semblance of the gardener God walked again in the garden, in the cool not of the evening but of the dawn.

Garden, God, Grave, Heaven, Night, World
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