How to Avoid Being the “Greater Fool”

June 20, 2022January 17, 2023Todd R 1 Comment

My day job involves helping people save and invest for retirement, and every now and then it involves helping people avoid speculation. What’s the difference between investment and speculation? A short explanation is that speculation often means you’re trusting the “Greater fool theory” to make money. According to Investopedia[1], “The greater fool theory states that you can make money from buying overvalued securities [stocks, bonds, currency, etc.] because there will usually be someone (i.e., a greater fool) who is willing to pay an even higher price.” Another way to put it is that speculators buy things because they think someone else will later find them more valuable, whether they actually are or not. Speculators seek to sell before others figure out that what they’re selling might be worthless. Instead of trusting this, investors do some work to find out what something is worth and why it would be worth more later to someone else.

In an earlier post about saving for retirement, I noted that “Solomon did encourage us to invest for the future” but also “not to stress too much about what may or may not happen.” So, this post is not about how to best invest for goals like college or retirement, but about how do we avoid ultimately being the greater fool? The longer you extend the time frame – even beyond death and into eternity – any investment or speculation in this world looks very different. In the words of Jim Elliot, an American missionary martyred in Ecuador: “He is no fool who gives what he cannot keep to gain that which he cannot lose.”[2] In eternity, much of what we now consider investment will look like foolish speculation.

Consider this excerpt from Ecclesiastes 2:18-21. “I hated all my toil in which I toil under the sun, seeing that I must leave it to the man who will come after me, and who knows whether he will be wise or a fool?…sometimes a person who has toiled with wisdom and knowledge and skill must leave everything to be enjoyed by someone who did not toil for it. This also is vanity and a great evil.”

Solomon is cautioning against counting on things we can’t control, such as what will be done with our worldly goods after we’re gone. If we agonize over accumulating goods, not only are we not satisfied, but do we also teach the next generation to overvalue things, rather than their Creator, thus making our efforts futile and foolish? Even if our goods outlive us, can we hope that they help those who receive them more than they helped us? Or is this just speculation?

As an alternative, Solomon says in 2:24: “There is nothing better for a person than that he should eat and drink and find enjoyment in his toil. This also, I saw, is from the hand of God, for apart from him who can eat or who can have enjoyment?”

Solomon argued that we can’t trust in goods to help our descendants – but what about the question of whether our goods will do us any good in eternity? Can we trust goods to help us after we’re gone? Jesus had this in mind in Mark 8:36, when He said: “For whoever would save his life will lose it, but whoever loses his life for my sake and the gospel’s will save it. For what does it profit a man to gain the whole world and forfeit his soul? For what can a man give in return for his soul?”

Jesus’ question is rhetorical, because we cannot offer any goods to God which are not already His: “The earth is the LORD’s and the fullness thereof, the world and those who dwell therein.”[3] Also, nobody else can pay the cost of our soul either, because they owe their own.

Jesus, the Greater Fool
If our souls are eternal, but we’ve spoiled them by speculating on the goods of this world, who is the greater fool who will pay for them?

Fortunately, the only One who can pay the cost of our souls is also the one who values them the most – even more than we do. This One was willing to become a fool to the world to purchase the souls of His people. This One has a soul that was not wasted on the things of this world; therefore, He can offer it for others if He chooses to.

Fortunately, this One is also the One who values every soul the most because as Creator, He loves His people. An old proverb says, “a thing is worth only what someone else will pay for it.” On the cross, this One paid His own life for you, because to Him you are worth it and His own life was the price He was willing to pay.

Jesus is this One and in eternity, the only way to avoid the “greater fool theory” is to give our lives to Him and follow His advice to love Him and love our neighbor. Then we will always have everything we need, and we will never lose it. Even after death and into eternity.

“Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” – Jesus, in Matthew 6:19-21

[1] https://www.investopedia.com/terms/g/greaterfooltheory.asp
[2] More on Jim Elliot likely coming in a future History Bits post.
[3] Psalm 24:1

A Great Festival in Zimbabwe – History for June 18

June 18, 2022January 7, 2023Todd R 2 Comments

Each June 18 in in the African nation of Zimbabwe, a festival is held to remember the service of Bernard Mizeki and his martyrdom on this date in 1896. As recently as 2005, almost twenty thousand attended the festival at a time when Zimbabwe had massive food shortages and an unemployment rate of 80 percent!

As profiled in the book “Clouds of Witnesses” by Mark Noll and Carolyn Nystrom[1], Mizeki found Christ, was baptized, and became a missionary under the influence of an Anglican order in Cape Town, South Africa. He planted[2] a one-man mission among the Shona people in an area then known as Theydon, now part of Zimbabwe. The Shona worshiped a creator-deity they called Mwari and sometimes practiced the killing of twin babies and the murder of those identified as sorcerers by their leaders.

Mizeki befriended Shona Chief Mangwende, learned their language in one year, translated key Biblical texts and Christian creeds, held Anglican services, and sought to reform the practices mentioned above. He also identified with and invested in the Shona by marrying a Shona woman, teaching children and others to sing, and providing medical care. His work prospered, and many came to believe.

However, opposition to his work began to grow, especially from those who saw his work as an assault on their culture and authority. On the night of June 17^th, 1896 he was assaulted in front of his home and had a spear driven into his side. It seems Mizeki’s removal of some “sacred trees” was the last straw. Then the account gets truly interesting.

Multiple accounts by Africans and Europeans attest to a “great and brilliant white light” and “a noise ‘like many wings of great birds’” around the hut where Mizeki was laid while his friends cared for him, seemingly near death. There was a “strange red glow” around Mizeki’s hut and afterward his body was gone, never to be seen again. Jean Farrant, who documented witness accounts in her book on Mizeki, says each person must decide what to make of this, but that “something happened that night which to the Africans was beyond explanation, which frightened them very much, and left a deep impression”[3] This event is still celebrated today, and others have taken up Mizeki’s work.

Soli Deo Gloria!

[1] Noll, Mark A.; Nystrom, Carolyn. Clouds of Witnesses: Christian Voices from Africa and Asia (2011). This post is drawn from chapter 1.
[2] John 12:24 – “Truly, truly, I say to you, unless a grain of wheat falls into the earth and dies, it remains alone; but if it dies, it bears much fruit.”
[3] Farrant, Jean. Mashonaland Martyr: Bernard Mizeki and the Pioneer Church (1966). P. 216-22. Cited in Clouds of Witnesses P. 30.

The Joy, Unity, and Peace to Come – Psalms of Ascent #6

June 11, 2022July 16, 2022Todd R Leave a comment

Finally, we return to a series on the Psalms of Ascent (Psalms 120-134), used as a liturgy for ancient Israelites travelling to Jerusalem for annual worship festivals. Today’s post focuses on Psalm 122, where David writes of the joy found in the destination – the house of the LORD in Jerusalem. When first written, this house would be the tabernacle, since the temple was built under David’s son Solomon, but when the Psalm was organized into its present order, this house would be the temple. After the pilgrims look up from their circumstances in Psalm 121 to find their help in the LORD, in Psalm 122 they reflect on what they will find at the end of their journey.

This short, 9-verse Psalm has three sections: an expectation of joy, a path to unity, and a prayer for peace. I’ll summarize each as we go.

First, expectant joy. Verses 1 and 2 of the Psalm say:
“I was glad when they said to me,
‘Let us go to the house of the LORD!’
Our feet have been standing
within your gates, O Jerusalem!”

David was glad to attend corporate worship, and this joy would be an encouragement to other when worship required a lot of travel, large crowds, and disruption of daily routines. In the following sections, David explains where his joy comes from: that worshipping with others reminds him of what only God can truly provide: Unity and Peace. David doesn’t expect everyone arriving in Jerusalem to get along and have a perfect experience, but it doesn’t ruin his joy because God promised these things to those who worship Him. While perfect is unattainable in this imperfect world, corporate worship acknowledges that this world is not all there is, and that God’s people will worship perfectly in eternity.

Second, a path to unity. In verses 3 to 5 David writes:
“Jerusalem—built as a city
            that is bound firmly together,
to which the tribes go up,
            the tribes of the LORD,
as was decreed for Israel,
            to give thanks to the name of the LORD.
There thrones for judgment were set,
            the thrones of the house of David.”

Corporate worship is a physical, visible reminder of our membership in a tribe that is not of this world. From all the tribes of the world, God calls His people and promises to make a perfect unity out of vast diversity. However, unity only exists when differences are resolved through either forgiveness or judgment. Worship should remind us that every injustice ever committed will be judged. Every offense to God’s laws of love will be paid for by either the sinner, or by Christ on the cross, and we can be thankful for both. We do not experience perfect unity or justice yet, but we know that the price has been paid for God’s people to be perfectly unified in eternity. Jesus ultimately sits on the throne David established; therefore Jesus’ authority in mercy and in judgment provides a hopeful expectation that overcomes the current, inevitable conflict that exists among God’s people, and between God’s people and the world. He remains “glad when they said to me, ‘Let us go to the house of the LORD!’”

Lastly, peace. The final verses of the Psalm say:
“Pray for the peace of Jerusalem!
            “May they be secure who love you!
Peace be within your walls
            and security within your towers!”
For my brothers and companions’ sake
            I will say, “Peace be within you!”
For the sake of the house of the LORD our God,
            I will seek your good.”

The Holman Bible Commentary notes that these prayers for peace are “a reference to divine protection from hostile nations. They needed an indivisible unity and impregnable safety that can come only from God. Where God finds unity, he commands his blessing there.” While Christians do not take pilgrimages to Jerusalem, in Matthew 18:20 Jesus says, “For where two or three are gathered in my name, there am I among them.” God does not promise absence of trial and persecution to His people, but He asks that in worship we do all we can to promote joy and unity within His church, wherever His people congregate. Peace can, and should, exist within the church even if peace is absent outside the church, since God’s peace is not dependent on circumstance.

David found joy in expectation of worshiping with God’s people, based on God’s promises. This week, pray for joy, unity and peace as God’s people gather locally, but also globally. While we remain yet unperfected by His grace, we hold fast to His promises and to His call to ascend to His sanctuary for worship.

Amen.

This post continues a series on the Psalms of Ascent. To start at the beginning, click here, and for the next post click here.

Rewind Wednesday is Also Blessed are the Meek #6!

June 8, 2022June 6, 2022Todd R Leave a comment

This Rewind Wednesday not only revisits an old post about a cornerstone, but also provides a capstone for the series on “Blessed are the meek, for they shall inherit the earth,” the third Beatitude from Jesus’ Sermon on the Mount in Matthew 5. “Creation vs. Anti-Creation” was first posted on May 28, 2021, as the second-ever post to this blog. In it was an as-brief-as-possible history of creative forces working with and against God in this world but culminating when “All God’s people will inherit a perfect heaven and earth” where “All creative forces will be aligned to achieve perfection.”

The Beatitudes tell us the meek are blessed, but also why they are blessed: because God will give them the earth as an inheritance. Not this stinky one, but a perfected one. Heaven will be full of people made like Christ, who perfectly follow His law of self-sacrificial love. Both creation and character will be made whole. However, if we don’t agree on His definition of “perfect” then neither will we humble ourselves and be meek, nor will we inherit the earth.

Even if our early efforts at following Christ are imperfect, without those early efforts the later efforts may never happen. What can you build on the cornerstone of Christ?

Read “Creation vs. Anti-Creation” at the link below! (Estimated reading time 10 minutes)

Creation vs Anti-Creation

Driving Toward the Morning Sun

What "Not Yet" Means for "Now"

Tag Christian

How to Avoid Being the “Greater Fool”

A Great Festival in Zimbabwe – History for June 18

The Joy, Unity, and Peace to Come – Psalms of Ascent #6

Rewind Wednesday is Also Blessed are the Meek #6!