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"The Little Book that Builds Wealth" by Pat Dorsey is a comprehensive guide that explains the core concepts of investing in high-quality companies to build long-term wealth. Dorsey emphasizes the importance of identifying businesses with sustainable competitive advantages, strong management teams, and attractive growth prospects. He provides practical advice and tools for evaluating stocks and constructing a successful investment portfolio. Ultimately, the book aims to help readers make informed decisions and achieve financial success in the stock market.
George Whitefield
George Whitefield was born at Gloucester in 1714. His mother kept the Bell Inn, and appears not to have prospered in business; at any rate, she never seems to have been able to do anything for her sonâs advancement in life. Whitefieldâs early life, according to his own account, was anything but religious; though, like many boys, he had occasional prickings of conscience and spasmodic fits of devout feeling. He confesses that he was âaddicted to lying, filthy talking, and foolish jestingâ, and that he was a âSabbath-breaker, a theatre-goer, a card-player, and a romance readerâ. All this, he says, went on till he was fifteen years old.
Poor as he was, his residence at Gloucester procured him the advantage of a good education at the Free Grammar School of that city. Here he was a day-scholar until he was fifteen. The only known fact about his schooldays is this curious one, that even then he was remarkable for his good elocution and memory, and was selected to recite speeches before the Corporation of Gloucester at their annual visitation of the Grammar School.
At the age of fifteen Whitefield appears to have left school, and to have given up Latin and Greek for a season. In all probability, his motherâs straitened circumstances made it absolutely necessary for him to do something to assist her in business and to get his own living. He began, therefore, to help her in the daily work of the Bell Inn. âAt lengthâ, he says, âI put on my blue apron, washed cups, cleaned rooms, and, in one word, became a professed common drawer for nigh a year and a half.â This, however, did not last long. His motherâs business at the Bell did not flourish, and she finally retired from it altogether.
An old school-fellow revived in his mind the idea of going to Oxford, and he went back to the Grammar School and renewed his studies. At length, after several providential circumstances had smoothed the way, he entered Oxford as a servitor at Pembroke at the age of eighteen. Whitefieldâs residence at Oxford was the great turning-point in his life. For two or three years before he went to the University his journal tells us that he had not been without religious convictions, But from the time of his entering Pembroke College these convictions fast ripened into decided Christianity. He diligently attended all means of grace within his reach. He spent his leisure time in visiting the city prison, reading to the prisoners, and trying to do good. He became acquainted with the famous John Wesley and his brother Charles, and a little band of like-minded young men. These were the devoted party to whom the name âMethodistsâ was first applied, on account of their strict âmethodâ of living.
At one time he seems to have been in danger of becoming a semi-papist, an ascetic, or a mystic, and of placing the whole of religion in self-denial. He says in his Journal, âI always chose the worst sort of food. I fasted twice a week. My apparel was mean. I thought it unbecoming a penitent to have his hair powdered. I wore woollen gloves, a patched gown, and dirty shoes; and though I was convinced that the kingdom of God did not consist in meat and drink, yet I resolutely persisted in these voluntary acts of self-denial, because I found in them great promotion of the spiritual life.â
Out of all this darkness he was gradually delivered, partly by the advice of one or two experienced Christians, and partly by reading such books as Scougalâs Life of God in the Soul of Man, Lawâs Serious Call, Baxterâs Call to the Unconverted, Alleineâs Alarm to Unconverted Sinners, and Matthew Henryâs Commentary. âAbove allâ, he says, âmy mind being now more opened and enlarged, I began to read the Holy Scriptures upon my knees, laying aside all other books, and praying over, if possible, every line and word. This proved meat indeed and drink indeed to my soul. I daily received fresh life, light, and power from above. I got more true knowledge from reading the Book of God in one month than I could ever have acquired from all the writings of men.â
Once taught to understand the glorious liberty of Christâs gospel, Whitefield never turned again to asceticism, legalism, mysticism, or strange views of Christian perfection. The experience received by bitter conflict was most valuable to him. The doctrines of free grace, once thoroughly grasped, took deep root in his heart, and became, as it were, bone of his bone and flesh of his flesh. Of all the little band of Oxford Methodists, none seem to have got hold so soon of clear views of Christâs gospel as he did, and none kept it so unwaveringly to the end.
At the early age of twenty-two Whitefield was admitted to holy orders by Bishop Benson of Gloucester, on Trinity Sunday, 1736. His ordination was not of his own seeking. The bishop heard of his character from Lady Selwyn and others, sent for him, gave him five guineas to buy books, and offered to ordain him, though only twenty-two years old, whenever he wished. This unexpected offer came to him when he was full of scruples about his own fitness for the ministry. It cut the knot and brought him to the point of decision. âI began to thinkâ, he says, âthat if I held out longer I should fight against God.â
Whitefieldâs first sermon was preached in the very town where he was born, at the church of St Mary-le-Crypt, Gloucester â âAs I proceeded I perceived the fire kindled, till at last, though so young and amidst a crowd of those who knew me in my childish days, I was enabled to speak with some degree of gospel authority.â
Almost immediately after his ordination, Whitefield went to Oxford and took his degree as Bachelor of Arts. He then commenced his regular ministerial life by undertaking temporary duty at the Tower Chapel, London, for two months. While engaged there he preached continually in many London churches; and among others, in the parish churches of Islington, Bishopsgate, St Dunstanâs, St Margaretâs, Westminster, and Bow, Cheapside. From the very first he obtained a degree of popularity such as no preacher, before or since, has probably ever reached. Whether on week-days or Sundays, wherever he preached, the churches were crowded, and an immense sensation was produced. The plain truth is, that a really eloquent, extempore preacher, preaching the pure gospel with most uncommon gifts of voice and manner, was at that time an entire novelty in London. The congregations were taken by surprise and carried by storm.
From London he removed for two months to Dummer, a little rural parish in Hampshire, near Basingstoke. From there he accepted an invitation, which had been much pressed on him by the Wesleys, to visit the colony of Georgia in North America, and assist in the care of an Orphan House which had been set up near Savannah for the children of colonists. After preaching for a few months in Gloucestershire, and especially at Bristol and Stonehouse, he sailed for America in the latter part of 1737, and continued there about a year. The affairs of this Orphan House, it may be remarked, occupied much of his attention from this period of his life till he died. Though well-meant, it seems to have been a design of very questionable wisdom, and certainly entailed on Whitefield a world of anxiety and responsibility to the end of his days.
Whitefield returned from Georgia at the latter part of the year 1738, partly to obtain priestâs orders, which were conferred on him by his old friend Bishop Benson, and partly on business connected with the Orphan House. He soon, however, discovered that his position was no longer what it was before he sailed for Georgia. The bulk of the clergy were no longer favourable to him, and regarded him with suspicion as an enthusiast and a fanatic. They were especially scandalized by his preaching the doctrine of regeneration or the new birth, as a thing which many baptized persons greatly needed! The number of pulpits to which he had access rapidly diminished. Churchwardens, who had no eyes for drunkenness and impurity, were filled with intense indignation about what they called âbreaches of orderâ. Bishops who could tolerate Arianism, Socinianism, and Deism, were filled with indignation at a man who declared fully the atonement of Christ and the work of the Holy Ghost, and began to denounce him openly. In short, from this period of his life, Whitefieldâs field of usefulness within the Church of England narrowed rapidly on every side.
The step which at this juncture gave a turn to the whole current of Whitefieldâs ministry was his adoption of the system of open-air preaching. Seeing that thousands everywhere would attend no place of worship, spent their Sundays in idleness or sin, and were not to be reached by sermons within walls, he resolved, in the spirit of holy aggression, to go out after them âinto the highways and hedgesâ, on his Masterâs principle, and âcompel them to come inâ. His first attempt to do this was among the colliers at Kingswood near Bristol, in February, 1739. After much prayer he one day went to Hannam Mount, and standing upon a hill began to preach to about a hundred colliers upon Matthew 5:1-3. The thing soon became known. The number of hearers rapidly increased, till the congregation amounted to many thousands.
Whitefieldâs own account of the behaviour of these neglected colliers, who had never been in a church in their lives, is deeply affecting: âHavingâ, he writes to a friend, âno righteousness of their own to renounce, they were glad to hear of a Jesus who was a friend to publicans, and came not to call the righteous but sinners to repentance. The first discovery of their being affected was the sight of the white gutters made by their tears, which plentifully fell down their black cheeks as they came out of their coal-pits. Hundreds of them were soon brought under deep conviction, which, as the event proved, happily ended in a sound and thorough conversion.â
Two months after this Whitefield began the practice of open-air preaching in London, on 27 April, 1739. The circumstances under which this happened were curious. He had gone to Islington to preach for the vicar, his friend Mr Stonehouse. In the midst of the prayer the churchwardens came to him and demanded his licence for preaching in the diocese of London. Whitefield, of course, had not got this licence. The upshot of the matter was, that being forbidden by the churchwardens to preach in the pulpit, he went outside after the communion-service, and preached in the churchyard. From that day forward he became a constant field-preacher, whenever weather and the season of the year made it possible.
Two days afterwards, on Sunday, April 29th, he records: âI preached in Moorfields to an exceeding great multitude. Being weakened by my morningâs preaching, I refreshed myself in the afternoon by a little sleep, and at five went and preached at Kennington Common, about two miles from London, when no less than thirty thousand people were supposed to be present.â Henceforth, wherever there were large open spaces round London, wherever there were large bands of idle, godless, Sabbath-breaking people gathered together, in Hackney Fields, Mary-le-bonne Fields, May Fair, Smithfield, Blackheath, Moorfields, and Kennington Common, there went Whitefield and lifted up his voice for Christ. The gospel so proclaimed was listened to and greedily received by hundreds who never dreamed of going to a place of worship.
The ministrations of Whitefield in the pulpits of the Church of England from this time almost entirely ceased. He loved the Church in which he had been ordained; he gloried in her Articles; he used her Prayer-book with pleasure. But the Church did not love him, and so lost the use of his services. The Church was too much asleep to understand him, and was vexed at a man who would not keep still and let the devil alone.
The facts of Whitefieldâs history from this period to the day of his death are almost entirely of one complexion. One year was just like another; and to attempt to follow him would be only going repeatedly over the same ground. From 1739 to the year of his death, 1770, a period of thirty-one years, his life was one uniform employment, and he was always about his Masterâs business. From Sunday mornings to Saturday nights, from the 1st of January to the 31st of December, excepting when laid aside by illness, he was almost incessantly preaching Christ and going about the world entreating men to repent and come to Christ and be saved. There was hardly a considerable town in England, Scotland, or Wales, that he did not visit as an evangelist. When churches were opened to him he gladly preached in churches; when only chapels could be obtained, he cheerfully preached in chapels. When churches and chapels alike were closed, or were too small to contain his hearers, he was ready and willing to preach in the open air.
For thirty-one years he laboured in this way, always proclaiming the same glorious gospel, and always, as far as manâs eye can judge, with immense effect. In one single Whitsuntide week, after preaching in Moorfields, he received one thousand letters from people under spiritual concern, and admitted to the Lordâs table three hundred and fifty persons. In the thirty-four years of his ministry it is reckoned that he preached publicly eighteen thousand times.
His journeyings were prodigious, when the roads and conveyances of his time are considered. He visited Scotland fourteen times; he crossed the Atlantic seven times, backward and forward, in miserable slow sailing ships, and arrested the attention of thousands in Boston, New York, and Philadelphia. He went over to Ireland twice, and on one occasion was almost murdered by an ignorant Popish mob in Dublin. As to England and Wales, he traversed every county in them, from the Isle of Wight to Berwick-on-Tweed, and from the Landâs End to the North Foreland.
His regular ministerial work in London for the winter season, when field-preaching was necessarily suspended, was something prodigious. His weekly engagements at the Tabernacle in Tottenham Court Road, which was built for him when the pulpits of the Established Church were closed, comprised the following work: Every Sunday morning he administered the Lordâs Supper to several hundred communicants at half-past six. After this he read prayers, and preached both morning and afternoon. Then he preached again in the evening at half-past five, and concluded by addressing a large society of widows, married people, young men and spinsters, all sitting separately in the area of the Tabernacle, with exhortations suitable to their respective stations. On Monday, Tuesday, Wednesday, and Thursday mornings, he preached regularly at six. On Monday, Tuesday, Wednesday, Thursday, and Saturday evenings, he delivered lectures. This, it will be observed, made thirteen sermons a week! And all this time he was carrying on a large correspondence with people in almost every part of the world. That any human frame could so long endure the labours that Whitefield went through does indeed seem wonderful. That his life was not cut short by violence, to which he was frequently exposed, is no less wonderful. But he was immortal till his work was done.
He died at last very suddenly at Newbury Port, in North America, on Sunday, 29 September, 1770, at the comparatively early age of fifty-six. He was once married to a widow named James, of Abergavenny, who died before him. If we may judge from the little mention made of his wife in his letters, his marriage does not seem to have contributed much to his happiness. He left no children, but he left a name far better than that of sons and daughters. Never perhaps was there a man of whom it could be so truly said that he spent and was spent for Christ than George Whitefield.
[Adapted from J. C. Ryleâs âGeorge Whitefield and His Ministryâ in Select Sermons of George Whitefield; see also George Whitefieldâs Journals, Robert Philipâs Life and Times of George Whitefield, and Arnold Dallimoreâs 2-volume biography George Whitefield.]
slain in the shadow of the almighty
He who dwells in the shelter of the Most High will abide in the shadow of the Almighty . I will say to the Lord, âMy refuge and my fortress, my God, in whom I trust.â (Psalm 91:1â2) On January 8, 1956, Jim Elliot, Nate Saint, Ed McCully, Peter Flemming, and Roger Youderian were speared to death on a sandbar called âPalm Beachâ in the Curaray River of Ecuador. They were trying to reach the Huaorani Indians for the first time in history with the gospel of Jesus Christ. Elisabeth Elliot memorialized the story in her book Shadow of the Almighty . That title comes from Psalm 91:1: âHe who dwells in the shelter of the Most High will abide in the shadow of the Almighty .â Not an Accident This is where Jim Elliot was slain â in the shadow of the Almighty. Elisabeth had not forgotten the heartbreaking facts when she chose that title two years after her husbandâs death. When he was killed, they had been married three years and had a ten-month-old daughter. âGodâs refuge for his people is not from suffering and death, but final and ultimate defeat.â The title was not a slip â not any more than the death of the five missionaries was a slip. But the world saw it differently. Around the world, the death of these young men was called a tragic nightmare. Elisabeth believed the world was missing something. She wrote, âThe world did not recognize the truth of the second clause in Jim Elliotâs credo: âHe is no fool who gives what he cannot keep to gain what he cannot lose .ââ She called her book Shadow of the Almighty  because she was utterly convinced that the refuge of the people of God is not a refuge from suffering and death, but a refuge from final and ultimate defeat. âWhoever would save his life will lose it, but whoever loses his life for my sake will save itâ (Luke 9:24) â because the Lord is God Almighty . God did not exercise his omnipotence to deliver Jesus from the cross. Nor will he exercise it to deliver you and me from tribulation. âIf they persecuted me, they will also persecute youâ (John 15:20). If we have the faith and single-mindedness and courage of those five missionaries, we might find ourselves saying with the apostle Paul, âFor your sake we are being killed all the day long; we are regarded as sheep to be slaughtered.â No, in all these things we are more than conquerors through him who loved us. For I am sure that neither death nor life, nor angels nor rulers, nor things present nor things to come, nor powers, nor height nor depth, nor anything else in all creation, will be able to separate us from the love of God in Christ Jesus our Lord. (Romans 8:36â39) Security in His Strength Has it ever hit home to you what it means to say, âMy God, who loves me and gave himself for me, is almighty â? It means that if you take your place âin the shadow of the Almighty,â you will be protected by omnipotence. There is infinite and unending security in the almightiness of God â no matter what happens in this life. âThere is infinite, unending security in the almightiness of God â no matter what happens in this life.â The omnipotence of God means eternal, unshakable refuge in the everlasting glory of God, no matter what happens on this earth. And that confidence is the power of radical obedience to the call of God â even the call to die. Is there anything more freeing, more thrilling, or more strengthening than the truth that God Almighty  is your refuge â all day, every day, in all the ordinary and extraordinary experiences of life? Nothing but what he ordains for your good befalls you. God Intervened Research into the circumstances surrounding the martyrdom of the five missionaries has revealed the hand of God in unexpected ways. In the September 1996 issue of Christianity Today , Steve Saint, son of Nate Saint, who was martyred along with Elliott, McCully, Flemming, and Youderian, wrote an article about new discoveries made about the tribal intrigue behind the slayings. He wrote one of the most amazing sentences on the sovereignty of the Almighty that I have ever read â especially coming from the son of a slain missionary: As [the killers] described their recollections, it occurred to me how incredibly unlikely it was that the Palm Beach killing took place at all; it is an anomaly that I cannot explain outside of divine intervention . (italics added) In other words, there is only one explanation for why these five young men died and left a legacy that has inspired thousands. God intervened. This is the kind of sovereignty we mean when we say, âNothing but what he ordains for your good befalls you.â âIn the darkest moments of our pain, God is hiding his weapons behind enemy lines.â Which also means that no one, absolutely no one, can frustrate the designs of God to fulfill his missionary plans for the nations. In the darkest moments of our pain, God is hiding his weapons behind enemy lines. Everything that happens in history will serve this purpose as expressed in Psalm 86:9, All the nations you have made shall come and worship before you, O Lord, and shall glorify your name. If we believed this, if we really let this truth of Godâs omnipotence get hold of us â that we live perfectly secure in the shadow of the Almighty  â what a difference it would make in our personal lives and in our families and churches. How humble and powerful we would become for the saving purposes of God.