“There is nothing more dangerous than to build a society, with a large segment of people in that society, who feel that they have no stake in it; who feel that they have nothing to lose. People who have a stake in their society, protect that society, but when they don’t have it, they unconsciously want to destroy it.”
— Dr. Martin Luther King, Jr.
While accepting the Nobel peace prize, Dr. King said:
“I have the audacity to believe that peoples everywhere can have three meals a day for their bodies, education and culture for their minds, and dignity, equality and freedom for their spirits. I believe that what self-centered men have torn down, men other-centered can build up. I still believe that one day mankind will bow before the altars of God and be crowned triumphant over war and bloodshed, and nonviolent redemptive goodwill will proclaim the rule of the land.”
The grandfather of the modern investment club movement, George Nicholson, drew many parallels to the potential of capitalism and freedom for solving some of the larger challenges of this world. On this day spent reflecting on the triumphs of Dr. King, I find many parallels between his words and those of George Nicholson.
From the Investors Manual for the Individual Investor (1984, page 7): “Capitalism will work better if people …”
- understand investing,
- are educated to do so successfully, and
- intelligently provide capital to expanding industries.
“Investment education is essential to good citizenship in the modern world.”