This can be found in the October 28, 1949 entry on page 174 (Chapter 4) of the 1978 hardback edition of the Journal and on page 108 (Chapter 11) of the 1958 hardback edition of Shadow of the Almighty. The quote is also used in the prologue of Shadow on page 15. Below is a reproduction of the actual entry for October 28, 1949 in its entirety from the journal (Collection 277, Box 1, Folder 8). The underlining, the bracket and and the asterisk were probably added at a later time after Jim Elliot's death.

Philip Henry (1631-1696), father of well known preacher and Bible commentator Matthew Henry (1662-1714), was credited with a very similar saying. In The Miscellaneous Works of the Rev. Matthew Henry..., published in 1833, is a biography of Philip by Matthew. (The original biography had apparently been published in 1699.) On page 35 of the volume, Matthew is recalling his father's acts of kindness and charity and how he used to say, "He is no fool who parts with what he cannot keep, when he is sure to be recompensed with what he cannot lose."

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