- File Size: 2178 KB
- Print Length: 235 pages
- Publisher: TAN Books (January 18, 2019)
- Publication Date: January 18, 2019
- Sold by: Amazon.com Services LLC
- Language: English
- ASIN: B07KKKM9SK
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #764,631 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
|Print List Price:||$29.95|
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In God We Trust: Morally Responsible Investing Kindle Edition
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Robert P. George, Ph.D.,Professor, Princeton University
“George Schwartz is calling all investors to put their money where their conscience is. This new book makes a strong case for morally responsibly investing to reap benefits both eternal and temporal.”
Raymond Arroyo, NY Times Bestselling Author/Host, the World Over on EWTN
“George Schwartz provides sound investment advice, there’s more here. He also demonstrates that Morally Responsible Investing resonates with America’s highest ideals. This is a gem of a book…timeless wisdom on behalf of life.”
Thomas S. Monaghan, Chairman, Ave Maria Foundation
“In God We Trust is an inspiring, thoughtful, and informative account of what good investing really means. If we truly care about building a society that supports genuine Marriage and respects the dignity of human life in all its stages, our investment choices should reflect that commitment. George Schwartz shows that such Morally Responsible Investing is both possible and profitable, in part thanks to his own faith, vision and hard work as a founder of Ave Maria Mutual Funds.”
Melissa Moschella, Ph.D., Professor, Columbia University
“As a priest and pastor, I am repeatedly asked by serious disciples of Jesus if there are alternatives out there to the same old, same old with regards to investing. The good news is that there are! George Schwartz offers here not only sound investment strategy but a way for godly men and women to help build a civilization of love.”
Fr. John Riccardo,Pastor, Archdiocese of Detroit
--This text refers to the hardcover edition.
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The author, George Schwartz, manages the Ave Maria Mutual Funds, a portfolio worth more than two billion dollars. A lifelong devoted Catholic, Mr. Schwartz worked with Dominos Pizza founder Tom Monaghan to establish the Ave Maria funds around the guiding principle that directing their investment dollars to companies that uphold fundamental moral ethics and family values will yield sound profitable returns, while it makes the world a better place to live. The results speak for themselves, and the Ave Maria fund has enjoyed a high degree of success since its inception.
The book is full of solid advice on how to select potential investment opportunities. The concept of Value Investing, which Mr. Schwartz describes as “thoroughly grounded in the principle of ownership,” strikes me as a brilliant way to evaluate a company. As an investor you consider every aspect of the business, pro and con, before buying in. Then once you have committed to the company, you are never disturbed by fluctuations in value; you stay in for the long run, like an owner. Interestingly, and with a wonderfully open mind, the author basically gives Warren Buffett credit for the concept.
I happen to be Catholic myself, and while I am not necessarily in total lockstep with every one of Mr. Schwartz’s views, I can appreciate both the source and moral sincerity of them. I can also appreciate the idea that expressing your deeply held beliefs through your investment strategy is a benign and powerful way to shape the world in a ethically positive direction. You will not regret reading this book.
In God We Trust introduces readers to “Morally Responsible Investing”, which is an investment strategy that avoids investing in companies which support abortion and pornography. Through a mixture of personal anecdotes, history, and financial and moral advice, he takes readers through the concept, including what Morally Responsible Investing is, what it takes to partake in this investment practice, how it is different from Socially Responsible Investing, and the benefits of investing in this manner. Along the way, the author shows readers his own history with Morally Responsible Investing and how Ave Maria Mutual funds, the author’s investment fund which utilizes Morally Responsible Investing, has reached its current level of success.
While the advice on investing in companies with values that match one’s own could be useful for any investor of any belief system, the vast majority of this book and the Morally Responsible Investing concept are for pro-life, anti-pornography readers. They do not have to be Catholic—in fact, the author flat out says that they do not discriminate at his fund so long as you hold these two specific values—but those whose values best align with Catholic teachings will get the most out of this book. Due to the religious, political, social, and financial views expressed by the author, more liberal readers will probably want to avoid this book, but ones who are interested in better understanding people with these beliefs might want to peruse it as well.
In general, this book is great for its niche. It contains a wealth of information and is easy to follow for the average reader. The organization leaves something to be desired in regards to the placement of the resources, but it is otherwise well thought-out and well structured. Financial/social liberals and those who do not follow the two values listed above will probably find a lot to argue with here and so should avoid In God We Trust. However, the target audience—most especially Catholics—will want to snag a copy.
In reading "In God We Trust", you get three books in one. The first part of the book, is the history of author and his founding Ave Maria Mutual Funds. The author discusses his moral development and the importance of friends and family in his life. The second part of the book covers Morally Responsible Investing. What does it mean to invest in this manner and what types of investments fail to meet the funds' moral criteria. Additionally, this section provides a glimpse of the business and financial due diligence that is performed on prospective investments. The third part of the books is a defense of American Capitalism, which is timely given the current political temperament.
This book is good for investing neophytes that would like to learn more about investing, seasoned professionals, or any professional looking for examples of how a person can excel professionally while upholding their moral code.