Tag Wisdom

How to Avoid Being the “Greater Fool”

Todd R Leave a 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.”  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.”[2] 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 command 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] Psalm 24:1

Mountain Bullies

Todd R 1 Comment

It’s universal to human experience that big and strong people bully smaller and weaker people.  Those with position, influence and power use what they have to take advantage of those who don’t have what they have.  Centuries ago, David imagined in Psalm 68:15-16 that even the mountains do the same:

“O mountain of God, mountain of Bashan;
            O many-peaked mountain, mountain of Bashan!
Why do you look with hatred, O many-peaked mountain,
            at the mount that God desired for his abode,
            yes, where the LORD will dwell forever?” – Psalm 68:15-16

The mountains of Bashan, of which Mount Hermon is the tallest, are northeast of Israel and are much taller than Mount Zion, where God had chosen to be most fully present with His people.  In David’s picture, size is what matters: the bigger mountains hate the smaller mountains, even knowing that God is there.  The big bully the small, and perhaps they do so because they know God is there.

Photo by Kalen Emsley on Unsplash

Likewise, people who are well-off in this world often look down on Christians, God’s chosen people.  It is rare for the rich, famous, or powerful to publicly testify about Christ, and so we often get excited when athletes, celebrities, or politicians make their faith public.  We say to each other, “did you hear so-and-so is a Christian?”  It can make us feel like it’s more reasonable and accepted to follow Christ when this happens.  It feels good to identify with the rich and powerful.

But what if this rarity of seeing faith in the rich and powerful is intentional on God’s part?

Throughout Scripture God doesn’t identify with the rich and powerful; He identifies with the widow and orphan, with the lonely and outcast.  He favors the weak and the exploited.

In 1 Corinthians 1:26, Paul wrote to the church in Corinth: “For consider your calling, brothers: not many of you were wise according to worldly standards, not many were powerful, not many were of noble birth.”  The first century isn’t much different than to today: the “wise”, powerful and noble rarely testified about Christ.  Next Paul wrote: “But God chose what is foolish in the world to shame the wise; God chose what is weak in the world to shame the strong; God chose what is low and despised in the world, even things that are not, to bring to nothing things that are…”

Why?  “…so that no human being might boast in the presence of God.”

Back to Psalm 68, where we found the mountains of Bashan ridiculing God’s mountain of Zion, David ends with these verses:

“Ascribe power to God,
            whose majesty is over Israel,
            and whose power is in the skies.
Awesome is God from his sanctuary;
            the God of Israel—he is the one who gives power and strength to his people.
Blessed be God!”

I’ll rejoice over a public Christian testimony wherever it comes from, but I remember that God doesn’t need the help of the movers and shakers of this world.  His power is “in the skies” – way above the mountains that bully His Mount Zion.  He is glorified more when His power enables the weak to love Him and love their neighbor.

We might sometimes feel alone and ignored, like we’re not part of the “in crowd” or successful, but that might mean we’re God’s type of person!  No celebrity endorsement required.

“Ascribe power to God”

5 Verses for the Workplace and Life

Todd R 4 Comments

Dear fellow travelers,

Instead of my usual “quint of quotes” here are some Bible verses and their applications to the workplace.  A “quint of verses” doesn’t have the same ring, so this is just 5 verses I strive to follow:

Mark 1:35 – “And rising very early in the morning, while it was still dark, [Jesus] departed and went out to a desolate place, and there he prayed.”

Application: Making time daily to spend with God is vital for approaching work as an act of worship and service.

Proverbs 3:27-28 – “Do not withhold good from those to whom it is due, when it is in your power to do it.  Do not say to your neighbor, “Go, and come again, tomorrow I will give it”—when you have it with you.”

Application: Procrastination is one of my vices, and this verse reminds me not to be in the way of others doing what they need to do!

Colossians 3:23-24 – “Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward.  You are serving the Lord Christ.”

Application: Even if our employers don’t recognize us for working harder, the Lord notices and He is who we should care about pleasing.  His reward for us is greater than anything on earth!

Ephesians 4:28 – “Let the thief no longer steal, but rather let him labor, doing honest work with his own hands, so that he may have something to share with anyone in need.”

Application: If everyone followed this verse, it could perhaps solve all the world’s economic problems.  We should provide good, honest work and share the produce of our productivity with those in need.

Proverbs 19:3 – “When a man’s folly brings his way to ruin, his heart rages against the LORD.”

Application: We shouldn’t blame God when we bring bad things on ourselves, for example when ignoring God’s advice in the workplace.

Rules Aren’t Enough (No Matter What You Call Them) – Psalms of Ascent #2

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Fellow travelers,

Last week I introduced a weekly series on the “Psalms of Ascent”, grouped together from 120-134 and used as a liturgy for pilgrims going to Jerusalem for annual festivals.  Before jumping into Psalm 120 next week, today we consider what it might mean that Psalm 119 precedes it.  Was this order intentional (as the grouping of Psalms 120-134 was) and for what reason?

Laws, Precepts, Statutes, Rules, and More
Psalm 119 is the longest chapter in the Bible, with 22 sections, or stanzas, one for each letter of the Hebrew alphabet.  In it, the Psalmist poetically praises God’s moral law, using 8 different words to describe it, and including at least 6 of these in every stanza.[1]  It seems repetitive, but by approaching it from so many angles, the Psalmist is saying “no matter how you look at it, everyone is better off if they know and follow this law.”  For example, verse 105 – “Your word is a lamp to my feet and a light to my path” – says that not knowing the law is like walking in darkness, but that following the law keeps you on the right path.  Verse 98 – “Your commandment makes me wiser than my enemies, for it is ever with me” says the law is a reliable source of wisdom, and better than the rules of God’s enemies.  There are many such examples in the 176 verses.

But, while declaring that following the right moral law is good for us, Psalm 119 also declares that none keep it regularly.  The Psalmist says “My eyes shed streams of tears, because people do not keep your law” in verse 136, and also that “I have gone astray like a lost sheep” in verse 176.  God’s word may be a lamp to our feet, but our feet go elsewhere anyway.  Therefore, we mourn sin – that of us and that of others – because we are all guilty and we all suffer the consequences[2].  We take no joy in other’s misfortune because we are not immune.  Any moral law – including a perfect one from God – always shows us how far short we fall.  Rules cannot make us perfect; they can only define perfection.

Christ Crucified
Therefore, there is another part of God’s law – the ceremonial law – which is never mentioned in Psalm 119 unless you want to include the “freewill offerings of praise” mentioned in verse 108.  The Psalms of Ascent follow a Psalm praising God’s moral law because, although His law is good, it is not enough.  Only by going to the temple regularly could God’s people see what sacrifices God prescribed to compensate for their failures and satisfy His justice.  While these ceremonial sacrifices were insufficient, they always pointed forward to the ultimate, perfect sacrifice of Christ which would fully cover our sin, empower us to grow in obedience to His good moral law over time, but also make the temple sacrifices irrelevant and unnecessary from that time forward.

To today’s Christian, the Psalms of Ascent remind us not only of our need for salvation apart from law, but they prepare us to regularly contemplate His provision to accomplish that salvation.  As these Psalms provided instruction on what Israelites should have been thinking about along the way to the temple in Jerusalem, we can benefit from them also as we travel to congregate with other sinners seeking our only hope together.  God’s people didn’t just arrive in Jerusalem and become magically transformed by ceremonies.  The Psalms of Ascent encouraged them to prepare and participate.

[1] As noted in the Reformation Study Bible.
[2] See this blog’s series on “Blessed are those who mourn,” which starts here.

The Traps of the Wicked

Todd R 2 Comments

The world is, unfortunately, full of people who seek to get other people in trouble, and this has been true for millennia.  Far back in Old Testament history, King David wrote in Psalm 140:4-5:

“Guard me, O LORD, from the hands of the wicked;
            preserve me from violent men,
            who have planned to trip up my feet.
The arrogant have hidden a trap for me,
            and with cords they have spread a net;
            beside the way they have set snares for me. Selah”

When David wrote this, he was probably describing immediate, physical threats against him, but when I read verse 5 it sounds like many obstacles Christians currently face.  Every day, we encounter traps put in front of us, and David’s Psalm has many applications.

What about irresponsible news coverage, which too often includes inappropriate opinions and suggestions about how we should think or act?  We could pray, “Guard me, O LORD, against putting my faith in falsehoods.”  Or “Guard me, O LORD, against temptation to hate my enemy.”  Or “Guard me, O LORD, from putting aside the work you have for me to do to fight battles that aren’t mine.”

Image by Rudy and Peter Skitterians from Pixabay

Also, the internet is a dangerous place.  Many websites use sexual images to get our attention, and in some cases if we even stop for a second to stop scrolling and look, those websites take that as interest and show us more of the same.  We could pray “Guard me, O LORD, when websites ‘have hidden a trap for me, and with cords they have spread a net’”. Other websites use misleading and provocative headlines to pull us away from what we intended to look at.  “Guard me, O LORD, against click bait that leads me where I should not go, and that makes me spend my time unwisely.”

Back to the Psalm, note that in verse 5 David describes threats as being “beside the way,” meaning they are off the main path we should travel.  The traps may be hidden off the side of the road with bait trying to lure us aside to an ambush.  Therefore, the key is to stay on the road.  Proverbs 1:17 says “For in vain is a net spread in the sight of any bird.”  Even birds, if they see a trap, will know to avoid it.  Yet people don’t seem to be as wise, or else they wouldn’t fall for click bait and other temptations.

One of the best ways to stay away from those who “have planned to trip up my feet” is to stay busy doing good things.  Samuel Johnson wrote: “If you are idle, be not solitary; if you are solitary, be not idle.”  He knew temptation is most powerful when we are alone with nothing to do, which applies to much of our time online.  I try to use writing as a way to stay busy when solitary, but that doesn’t always work for me and might not work at all for others.

Staying on the right path, we avoid snares and traps, which are near, but not on, the true way.  Once we allow temptation to move us a little, we often find it has moved us a lot, and into a trap.

What can we all do to avoid the traps of the wicked?

“Guard me, O LORD, from the hands of the wicked;
            preserve me from violent men,
            who have planned to trip up my feet.”