How to Read Ancient Texts foregrounds the principles of interpretation that scholars employ when reading ancient inscriptions. In order to better come to grips with Canaanite, such as Phoenician, inscriptions, we need to first understand how people wrote and read texts in the ancient Mediterranean world, including that of the Greeks and Romans. The use of continual script and lack of punctuation did not pose insurmountable problems to the ancients, since spoken language is not built on a division between words but on two-second spurts of sounds with pauses in between. This shows the crucial role that lectors and consequently orality played in antiquity. It is clear that philological analysis is crucial when it comes to reading Phoenician inscriptions, such as those examined here. However, in texts with no word division, no punctuation, and no vowels (such as Phoenician inscriptions), context plays a crucial role. That context turns out to be threefold: the textual context that an inscription itself provides, its archaeological context, and also (as in the case of the papyrus inscription examined as a case study here) the wider Mediterranean context, such as that of ancient Egypt. In the case of the Phoenician inscription CIS I, 123 it is the archaeological context that allows us to pin down one highly probable interpretation out of multiple philological solutions that are theoretically possible. The Phoenician inscriptions examined here show us more clearly and with greater probability that the Phoenicians in Malta did practice child sacrifice and that they also had very strong links with the Phoenicians in Egypt.