Bad investors are destroyed by crises, good investors survive them, and great investors are improved by them. As Benjamin Franklin wrote, “The things which hurt, instruct.”
— Broyhill 2018 annual letter
Natural Law: Do all you have agreed to do and, do not encroach on other persons or their property
Under Natural Law, to be valid, any law or court decision must agree with these 17 words. In one form or another, the 17 words go back at least 4,000 years, and are taught by all religions. I’ve never found an exception.
Made-up law is political. Whatever the lawmakers decide is right, or wrong, is right or wrong.
In democracies, the lawmaking privilege is owned by the majority. If the majority or their representatives decide to declare something right or wrong, then so be it. And, there is no limit to the laws the lawmakers can cook up. That’s why the federal government alone has 300,000 laws, and the average American commits three felonies per day. Felony means at least a year in prison.
’The more laws, the less justice,’ warned Roman lawyer Cicero, who died two years before the Republic did. ”
— Richard Maybury
The fellow that can only see a week ahead is always the popular fellow, for he is looking with the crowd. But the one that can see years ahead, he has a telescope but he can’t make anybody believe that he has it
— Will Rogers