A Critical Warning from 'Richest Man in Babylon'
The Richest Man in Babylon is a foundational text, but applying its ancient wisdom requires a modern, constitutional lens. One of the book's most important principles—seeking wise counsel—is also the one that carries the most risk today.
The book advises to 'counsel with wise men' and heed the advice of those who are skilled in the handling of gold. The spirit of this advice is perfect. However, the structure of the modern financial industry makes it difficult to distinguish true wisdom from a clever sales pitch. Many 'advisors' are incentivized to sell products that benefit their firm more than their clients.
This is why our S3 adaptation is non-negotiable. When you seek financial counsel, you must work with a true fiduciary. A fiduciary is legally and ethically bound to act in your best interest at all times. This is the modern-day equivalent of the 'wise man' who has no agenda but to see your wealth grow. Before you entrust your gold to anyone, ask them directly: 'Are you a fiduciary?' Their answer is the first and most important piece of advice you will ever receive.
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DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.