In God We Trust: Morally Responsible Investing by George P. Schwartz

How to combine investing wisely with your moral responsibilities and beliefs.

What a refreshing book, I thoroughly applaud the ethics behind the Ave Maria Funds and its policy to offer investors the opportunity to invest in a manner consistent with their faith. Sounds too good to be true? Well read on, and discover how the Ave Maria Funds came to be and the values of the people who set up and manage them.

As indicated in the Forward by Lou Holtz, this is the sequel to ‘Good Returns, which he contributed to. In this new book, ‘In God We Trust the reader discovers the ever increasing more morally conscientious investors. In 2001 Gorge Schwartz the CEO of the Schwartz Investment Council Inc. was approached by Tom Monaghan the founder of Domino’s pizza and the late Bowie Kuhn Commissioner of Major League Baseball. Dedicated Catholics, they wanted to launch a series of investment vehicles – the Ave Maria Mutual Funds, which enabled investors to invest in a manner consistent with their faith. The funds would provide Morally Responsible Investing, identifying with companies which do not participate in, contribute to, or support abortion or pornography.

There are now five different mutual funds, all pro-life, pro-family, and dedicated to investing in companies which don’t violate the core principals of the Catholic Church.

These mutual funds each have a different objective, they are:

Ave Maria Value Fund

Ave Maria Growth Fund

Ave Maria Bond Fund

Ave Maria Rising Dividend Fund

Ave Maria World Equity Fund

What I loved about this book is that in it George Schwartz gives his reader a real insight into his life, upbringing, and the values he has been taught, and has lived by, in the Catholic faith. It is these things which has made him the man he is today, and the help of his wife Judi of course. It is also these strong moral principles which form the basis of the Ave Maria Funds.

However, right from the very first page this book’s subject is paramount. This is investing and principally about how to invest morally and responsibly. The authors offer a wealth of knowledge and experience in the field accumulated through many years. Throughout, sound, practical advice is freely given. In a world where greed is rife and everyone is keen to make a fast buck, wouldn’t you rather invest in a fund with strong, good moral principles?

This book’s values touched me personally, although I am not a catholic, and I found it extremely thought-provoking and interesting.

About the Book:

This book is both timely and timeless.

In God We Trust delves deeply into current economic and market developments and reflects on how U.S. prosperity has returned in 2018, as capitalism has again been unleashed. The author says, “What a relief after eight years of economic stagna­tion and government over-regulation.” Oddly, as the U.S. economy has benefited from pro-growth policies, like tax rate cuts and deregulation, there exists a rising tide of sympathy for socialism among leftist politicians and young people.

This timeless divide between capitalism and socialism is explored within the context of the economic and moral ramifications for society in general and long-term investors, specifically.

Readers with historical perspective will appreciate the logic of what should be obvious, i.e. that socialism has never worked anywhere on earth. Or aptly put by President Ronald Reagan, “Socialism can only work in two places, heaven where they don’t need it, and hell where they already have it.”

This book is about participating in the capital markets while avoiding morally objectionable businesses. As a lover of the free enterprise system and a portfolio manager, George Schwartz chronicles how Morally Responsible Investing is helping long-term investors put their money to work in accordance with their moral beliefs. His firm manages Ave Maria Mutual Funds, which were founded in 2001. These pro-life and pro-family mutual funds have attracted over 100,000 shareholders, who have invested more than $2.2 billion in five separate award-winning mutual funds.

In God We Trust is available from Amazon https://www.amazon.co.uk/God-We-Trust-Responsible-Investing-ebook/d...

and Barnes and Noble https://www.barnesandnoble.com/w/in-god-we-trust-george-p-schwartz/...

 

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