Thursday, October 30, 2008
What does it mean to be an Entrepreneur of Life? An entrepreneur is one who undertakes, or starts, a project, that holds some level of risk. Whether we like it or not, because of the nature of our world, we are all entrepreneurs in one way or another.
Yet as in any endeavor there is a risk return trade off. Scripture says we are to sow seed and work the field and pray for a righteous harvest. In what way today are you acting as a responsible (response + able) Entrepreneur of Life? Is there a plan? Are you winging it? If you are winging it perhaps today would be a good time to begin working towards that which God has uniquely prepared only you to do?
I hope today is your best day!
Monday, October 20, 2008
"Knowing is not enough: we must apply...such is the essence of wisdom". Johann Goethe
The last few months have shown clearly that some of the smartest and highest paid men and women in the world can make horrible decisions. If these folks can't figure things out what chance does the average person have? More than you might think! Wisdom is what's missing in our world today and fortunately Wisdom is more accessible than you may think if you know where to look.
The best educational establishments today teach, to the best of their abilities, everything you need to know about science, politics, finance and economics. But as I watch the world grapple for ideas and something foundational to 'fix' crisis after crisis, I am more convinced than ever that knowledge without understanding is foolishness. It appears the brightest minds and most powerful politicians thoughts are clouded by greed and ego. This is the real crisis of leadership in out time.
In listening to politicians and economists I have realized they are partially right about what is wrong but still terribly wrong about what is right. Describing a problem will never fix it but there is no deficit in opinion makers pronouncing how we got 'here'.
Good solutions require:
Knowledge - (Great and relevant questions)
Understanding - (Skillful thinking)
Wisdom - (Truth and skillful action)
Disciplined thinking guided by wisdom lead to a "harvest of righteousness!"
Short of this combination any recipe for parenting, career, investing, giving or rescuing a globlal economy will be a temporary fix at best. The answer to a rich and full life does not rest at Fox news or in fixing the economy and electing the right candidate. Walking with the wise, begining with The book of wisdom is the beginning of what we are looking for.
May God help us and give us wisdom.
Thursday, October 16, 2008
"Tell those who are rich in this age not to be arrogant and not to place their confidence in anything as uncertain as riches. Instead, let them place their confidence in God, who lavishly provides us with everything for our enjoyment." I Timothy 6:17
When we begin to account for the confusion and fear we experience when the economy is fragile and depressed it can be used as an indicator, or measuring stick, of the condition of our heart and mind. In every adversity there is a thread of opportunity to test what we believe.
How is your heart today? Mine has been distracted at a minimum and occupied with thoughts I am not too proud of concerning my future. But when I think "Christianly", through a biblical world view I realize again that my 'future' is secure and though I may walk through the valley of the shadow of death I will fear no evil for the Lord God Almighty is with me. I should be as a tree planted by the water whose leaf shall not whither that brings forth good fruit. That's our shared future.
Let us remember with great fondness His promise and walk in His strength.
Thursday, October 9, 2008
US debt clock runs out of digits
Until last month, the clock had enough digits to measure US debt levels
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.
The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.
Wednesday, October 8, 2008
This Is Not Your Father’s Market Crash.
Rob Curran reports:
Almost every generation, it seems, has its October stock-market crash.
The cumulative losses of stocks since the plunge on Sept. 29 are comparable with those suffered in the October stock-market crashes of 1987 and 1929. The Dow Jones Industrial Average is down about 9% this week, after a loss of 7.3% the week before.
By comparison, in the worst week of the 1929 stock market crash, the week ended Oct. 19 that year, the Dow took a loss of 8.2%; the blue-chip index lost 13% on the week that started with Black Monday, Oct. 19, 1987. So far in October, the Dow is off 14%, compared with a loss of 20% in October 1929 and a loss of 23% in October 1987.
And neither the week nor the month are over yet. The market has hardly been on firm ground Wednesday, though stocks are higher. Still, the middling reaction to a barrage of worldwide interest-rate cuts suggests that the selling may not be over. It may feel more like a tumble down the stairs than a jump from an airplane, but the end effect is the same.
Selloffs of this nature feed on themselves. The record 777-point drop last Monday “destabilized the market,” said Lorenzo Di Mattia, manager of hedge fund Sibilla Global Fund. The Chicago Board Options Exchange volatility index, known as the market’s fear gauge because it measures the premiums paid to protect against market swings, is trading at its highest level in its current form, around 58. That gauge dates back to 1990.
Both institutional and retail traders reached a “pain threshold,” said Peter McCorry, senior equity trader at Keefe Bruyette and Woods, where they were unwilling to continue holding stocks so deep in the red.
One hedge fund manager in Chicago said people he knows who trade on their own accounts are throwing in the towel. “A lot of friends of mine say ‘I can’t take it, I’m selling my stocks,’” said Jeffrey Pavlik, head of hedge-fund firm Pavlik Capital Management.
Losses are also likely feeding on themselves because of “stop losses,” or levels where traders automatically sell to limit their down side. Chatter is mounting that clients are demanding cash back from hedge funds, forcing them into the market. Whenever a trader is forced to sell, they do so at a lower price.
Amid uncertainty in their own industry, brokers increased margin requirements, or the amount of capital funds needed to underpin their positions, one hedge fund manager said. For these reasons, many funds may be selling holdings in a hurry.
Wednesday, October 1, 2008
From a biblical point of view that is what each of us who follow Christ are to be. I am working on a new project I am calling LifeStewardship Advisors. Though for some that title LifeStewardship may have pro-life connotations I see no problem with that. LifeStewardship Advisors should be men and women with wisdom and a mature and well developed biblical world view that can help others navigate the transitions of life in a meaningful and fulfilling way. LifeStewardship advisors help clients see more clearly who/or who's they are; who they want to be; and what they want to do with their life from a holistic biblical world view.