What is it? What does it mean to investors?
If something is provable, certain... there is no need for it.
You don't need faith when you already know.
Faith is for the times when you really don't know.
It's the belief in something despite a lack of evidence.
The essence of faith is doubt.
We investors are getting our faith tested these days.
Faith in policies that we were assured will fix the problems. Faith in the people who make them. Faith in companies who say their balance sheets really are okay. Faith that investing in stocks is a good and safe choice for the long term.
Algonquin Round Table raconteur, Alexander Woollcott once said, "Everything I love is either illegal, immoral or fattening."
Cheating vs. Owning Up?
Looking the Other Way vs. Taking a Stand?
Broccoli vs. Red Velvet Cupcakes?
You want a short and reliable guide to making the "right" choice?
It's the one that's most difficult to choose.
So here we have a market that is tantalizingly cheap (historically speaking) and absolutely terrifying.
What choice do you make if you have a long term horizon?
I say unto thee, brothers and sisters: Those who have faith in this market will be rewarded somewhere down the road.
I believe that. In fact, I'm acting on it.
But to tell you the truth, I'm just going on faith.