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In a capitalist society, retail investing can play the role that sexual love plays in Plato’s Symposium: the blunt, material force that can lure us onto a path towards subtle, ethereal wisdom. For, analogously to the ”ladder of love”, investors’ initial ”wealth focus” often evolves into a ”wellness focus” (as we re-discover the ancient truth that money is a means and not an end in itself) and then into a ”wisdom focus” (as we re-discover the ancient truth that wisdom is needed in order to live a good life). From this perspective, therefore, lust – be it for sex or for money – turns out to be something of a ”noble lie” that delivers something much better than it promises – and something we probably would not have sought at all if lust had not started us on our journey in the first place.
GIVEN: APRIL 2018, AUGUST 2018