It is necessary to alert people about the dangers of the stock market, where there is an unacceptable separation between value and real worth.
True progress is born from inquiry, tenacity, and entrepreneurial sacrifice.
This is the advice that the Pope's banker, Angelo Caloia, President of the Vatican Institute for the Works of Religion, commonly known as the Vatican Bank. Sooner or later, warned Caloia, the day will come when stock market abuses will come back to haunt us. Nevertheless, Caloia explains that his statement is not a condemnation of the stock market, and not even a lack of faith in it. International experts guide the economic patrimony of dioceses, missions, and religious congregations spread throughout the world. In any case, medium and long term investments are made in organizations that have a tie to the real economy.