Episode 18 – Worry Is Not Our Friend with Todd Wagner

subscribe to the podcast

We’re combining the Faith Driven Entrepreneur and Faith Driven Investor audiences today to continue to address the current events we face. Todd Wagner joined us to speak into how we as believers can respond to the fear and worry surrounding COVID-19. 

Todd is the lead pastor at Watermark Community Church in Dallas, Texas. If that name sounds familiar to you it’s probably because you’ve heard Henry mention it in the intro to this podcast as the location for where we will be hosting our Faith Driven Entrepreneur and Investor Conferences this fall. In addition to being our host and a speaker at the event, Todd is also a great voice in the faith-driven conversation. 

His words of wisdom—or as his Twitter handle calls them, words from wags—are encouraging, challenging, and uplifting to all who hear them. And with our current events, we could all use encouragement. Like Todd shared, “worry is not our friend and panic is not our way…”

Useful Links:

Should Christians Be Anxious About Coronavirus?

Coronavirus is redefining the words Church and Worship

Real Truth. Real Quick

@wordsfromwags


Episode Transcript

Some listeners have found it helpful to have a transcription of the podcast. Transcription is done by an AI software. While technology is an incredible tool to automate this process, there will be misspellings and typos that might accompany it. Please keep that in mind as you work through it. The FDI movement is a volunteer-led movement, and if you’d like to contribute by editing future transcripts, please email us.

Henry: [00:03:01] Welcome back to the Faith Driven Entrepreneur podcast. We have yet another special edition this week as we interview a really key pastor in the life of Faith Driven Entrepreneur. When we think about a short list of folks that have really spoken into the strategy and just the mission in the coin and the vision of Faith Driven Entrepreneur. Todd Wagner is right up there. Right with the folks we’ve had on before. When I think about Chip Ingram and Tim Keller and JD Greer and as many of you know, he is the senior pastor, Watermark Community Church in Dallas, Texas. He’s a great man of God. Very thoughtful about what it looks like to be a Faith Driven Entrepreneur and Investor. So much so that he and his elder board have graciously offered to host the first ever Faith Driven Entrepreneur in faith to an investor conference that’s happening a watermark this September. So we’re so glad you get a chance to partner with you, Todd, and the team there in advancing the conversation further. And we’re grateful to have your voice of encouragement in these crazy times. So welcome to the program. [00:03:59][58.4]

Todd: [00:04:00] It is a pleasure to be with you. Thank you, Henry, so much. And it’s it’s exciting that we’re gonna get to be together like a bunch of the guys that usually on this podcast. And we are grateful for the opportunity host. We’re glad that we can. And let’s get this corona virus outta here so we can make sure. Get done. [00:04:13][13.7]

Henry: [00:04:14] Amen. I want to start this podcast, though, before we talk about what’s going on this particular season. If you haven’t figured out by now, we’re recording these special editions in the Faith Driven Entrepreneur podcast at a time when Corona virus is really hitting the country hard. In March of 2020. And yeah, I think you to find that the context of this podcast is timeless. Right. Talking about how do we rely on God and how do we make most of the opportunities of Faith Driven Entrepreneur to know and serve him? One of things we always do on a podcast, of course, is to understand a little bit more about our guest. And so I want to start this podcast, Todd, by talking a little bit about your life pre watermark. And if I’m correct, you’ve not always been a pastor. You started your life as a lawyer. Is that true? [00:04:57][43.2]

Todd: [00:04:59] Well, not exactly, but I never thought I’d be a pastor. In fact, I used to tell folks that if you told me I was going to be one, I’d be taking a swing at you just because I had no idea really honestly what it meant to know Christ and the churches that I was around. Even from a distance as a nonbeliever, there were not churches that I saw doing anything really relevant. I saw men running a lot of very average weekly meetings with a bunch of bored adults. And I certainly whatever I would do with my life was not to lead average weekly meetings with a bunch of bored adults. So it was not too late by the kindness of God came to see the goodness of who he was. And then I got around his word. And then, by God’s grace, a few places where I saw men leading well, that he really captured my heart. Prior to that, I was headed to law school. And so that’s what I really thought I was gonna do. So, you know, just all the things to get my ducks in a row for that to happen. And then when God captured my heart, you know, really late in my teen years, the college years before, I was going to actually step into law school environment. I just found myself actively doing ministry. God just continued to grow my heart’s passions for some other thing. So I don’t think my passion ever decreased for what I would say is the faithful work of the Christian in the workspace, the largest made it clear to me that probably the best use of his life for me was going to be to convene, to equip and encourage the saints in the role that I’m in now. [00:06:27][88.1]

Henry: [00:06:28] But it would be possible for an attorney to be redeemed and become a pastor. [00:06:31][3.2]

Todd: [00:06:32] Well, let me just say this. My friend Kelly Shackelford, which if you are around that church and law space, Kelly argued cases before Supreme Court has a lot to defend religious freedom. Kelly wanted to be a pastor. I was gonna be a lawyer. He end up graduating number one from his class in law schools. And he was actually working as a volunteer at a ministry I was leading at the time. He said to me, I really think I want to be a pastor, so. Kelly, let me just tell you something, buddy. If God’s calling you to be in vocational ministry, I mean, I even don’t even like that term because all of us on this podcast are in vocational ministry. I might be only one that the world calls a pastor. We know, but we’re part of the kingdom of priests. And I have to tell you, Kelly, Kelly, we need godly law clerks. We need godly, you know, he clerked for federal judges. We need godly lawyers. And I had no idea when Kelly was 20 that he was gonna go on to be one of the leading advocates for religious freedom that was out there. [00:07:27][55.4]

[00:07:28] He probably had no idea that I was going to one day have the privilege of starting a church that would turn into what watermark is by God’s kindness has turned into. So, yes, God can redeem lawyers and God can redeem guys who think that life is going to be richer if they go into places where they can get earthly riches. And so my story is definitely a little bit of that. [00:07:46][18.0]

Henry: [00:07:46] The high end. And to be clear, as much as I love a good lawyer joke, it is amazing what folks have gone through three years of law school and see that as a vocation to be alone make really an incredible impact on policy and helping redeem all sorts of different aspects of society. Think about immigration law. I think about justice and some right with you on that. OK, so back to the things that I know a little bit more about. Let’s go into this. What’s going on right now, which is this COVID 19 coronavirus epidemic has continue to spread and it seems like the end of pandemic may even be in sight right now. You’ve written a few articles about it, one for the Gospel Coalition titled Should Christians Be Anxious About Coronavirus? And I’d love to hear about why you decided to write it. [00:08:28][41.7]

Todd: [00:08:28] Well, you know, it’s so funny. I wrote it right there at really the beginning of March. And as we can all look back now, just three weeks ago, it wasn’t that big a deal that very few people were that worked up about it. But I’d begun to hear some whispers. And so, you know, as a pastor. Folks usually let you know what they’re thinking about. And I had heard enough of this that I just decided to sit down and begin to shepherd myself and shepherd others by how we’re to think biblically about that. And so that’s really what the article was about to sit down to just find out a few thoughts that I’ve been a little surprised how much traction this court and how long it’s been a trending article in the Gospel Coalition. But when we look out there in the world today, well, it’s the Coronavirus, just a general sense of economic instability or just the fear of what might tomorrow’s going to look like. We all know that anxiety is well on the rise. In fact, what’s really interesting is I think two thousand eighteen, it was the first time. That for three consecutive years, the death rate or should be the life expectancy in America had gone down. And the reason it went down were all because of issues that are around this topic of worry that we’re going to talk about me because of suicide. Certainly that that was at an all time high and so it reduced the life expectancy. What’s interesting, too, before I finished the other two is the last time that America had a dip in life expectancy was in 1919 during the Spanish flu. Mm hmm. And so we went almost 100 years ago with life expectancy accelerating until the 2015 to 2018 timeframe. And it is because of suicide. It was because of cirrhosis, which we know is due to alcohol consumption and because of a spike in opioid deaths, which people looking to numb their pain and escape from their reality. So this issue is not related to the Corona virus. It’s been around for the last three years in a way that, you know, anybody who cares about people just needs to learn to talk about it now. [00:10:30][121.6]

Rusty: [00:10:31] Hey, Todd, you know, entrepreneurs just by our nature probably live with a certain case of paranoia. Right. I mean, we’re just like paranoid just to start with. Are they really going to turn out the way we thought? Are we going to hit the plan that we have in front of us? Will we get that next round of funding? And will we be able to hang on to that team member or get that team member or land that next deal? And there’s a sense of paranoia that comes with all of that that can turn into worry. And you mentioned worry there a moment ago. Can you dig into that for us and give us from a theological perspective, how should entrepreneurs think about worry? [00:11:11][39.1]

Todd: [00:11:12] All right. A couple of things. You know, it’s so funny when you said that Rusty and you just talk about how entrepreneurs are prone to that sense of paranoia. You know, I’m a bit of an entrepreneur myself, and I’m prone towards real optimism. You know, a general like with a can do spirit. That’s kind of what I think is innate in a lot of us that are creators and designers and developers. But part of being a responsible designer and developer is you’ve got to think through how am I going to finish this and take into account the cost. And so certainly there’s a sense of burden. So here’s a couple of things that I should say that we should think about, whether we consider ourselves an entrepreneur or not. If we consider ourself a person of faith, we just want to be individuals that are marked more by strength than we are fear. Proverbs, 24 10 says he was slack in the day of distress. His strength is limited and may never be said that God’s people don’t have what it takes at any given moment, because we know that our God is never shaken. And the scriptures would encourage us to once we experienced peace with God. Right. Therefore, having been justified by faith, we have peace with God. The scripture then says, if we will continue to keep our mind steadfast on him, will keep us in perfect peace. Or to use Paul’s words in Philippians, we are to be anxious for nothing because in prayer supplication with Thanksgiving, we let a request be made known to him. We keep our eyes focused where they should be, and it says they will not have just peace with God, with the peace of God. [00:12:37][85.8]

[00:12:38] And so let me encourage you with one little story that I actually heard. I’ve got a friend that last night was listening to our Dallas County judge who issued a shelter in place, command that goes into effect today. And he was just sitting there and he was watching this graph that this guy was showing that literally to make his case, said that there was gonna be half a million deaths, half a million deaths in our area if we didn’t do what he was suggesting we do. And he felt the blood pressure inside of him began to rise a little bit. And then he looked out his window and took out his iPhone. And he began to just film the birds that were out there. And the reason he did that is because you’re in that very moment, you know, his eyes and mine is the eyes of his mind. Went back to that little text of scripture in Matthew chapter six, where Jesus is just encouraging folks to not worry. He even talked about the birds of the air and how God takes care of them. And so don’t you know that you’re more valuable than the birds that are out there? He said the birds were not concerned about what the county commissioner was talking about. Right. You know, they were out there singing and they were flying about. [00:13:47][69.1]

[00:13:49] Somebody might say that’s all fine and well and good, but they don’t have 500 employees. They don’t have a bunch of investors that they use all their personal relational capital to get them to invest with them. And so this is my moment. So I’m not a bird. I’m a man and I’m an entrepreneur. So what should I do? Well, if you’re a man of faith. All right. What you should do is exactly what God tells you to do. Right. First, I want to say this to you. No temptation is coming to you as a man who started a business you start to fund. Was employees looking to them. No temptation is coming to you. But such as is common to man. That guy that works for you is wondering if the business is going to work. So you’re not to carry that guy’s burdens. And I’m supposed to carry you’re only supposed to let the Lord carry your burdens. And I just wanna remind you and one of things I said in that article was worry doesn’t really accomplish anything except creating weakness of heart and head. I love the story of Corrie Ten Boom, who, as we know, was one of the righteous among the nations, which is what the Jews called gentiles that did what God wanted them to do in a time of great persecution of the Jews. When you were a gentile and cared for the Jews, you got treated like a Jew, which is exactly what happened to Kaori and her sister. They ended up being locked up. And, you know, she just talks about how she realized and learned right then that worry didn’t empty tomorrow of its sorrow. It just emptied today of its strength. And so as a leader, one of the things I would just tell you is you lead your company is it’s going to hurt your ability to do what you have to do with your employees and your investors are expecting you to do if you use your energy to worry about tomorrow’s troubles. That’s why the scripture says, you know, don’t be anxious for tomorrow. OK, folks. And today he says enough trouble of its own. So your job is to do what you should do today and not to worry about what might happen tomorrow. It takes the same amount of energy to praise. It does the worry. So it would be a man of prayer and prayers. And just like God, please show up and do this for me. Prayer is meditating on what God’s word has said and then to be attentive to that word so that you might do it. And so rather than fret, what you want to do is just say, Lord, you tell me if in trials and we’re certainly in trials and as a leader, you’re going to be in trials, a what it says, if any man lacks wisdom, he should ask of God who gives to all men, and he does it under grudgingly OK, and so God is ready and willing to help you. But she can’t help you when you’re spending your time worrying about what might happen as opposed to seeking what you should do. And so, you know, if God tells us to do anything you said once you worry about how you need to love people. Well, because that’s your job. As my ambassador, as my appointed servant leader that you have as a member of that company. So what I would say is your prayers should be Lord. Scripture tells me to trust in the Lord and do good to dwell in the land and cultivate faithfulness. So what this faithfulness look like for me today. And that’s where you want invest your time, not with worry. [00:16:51][183.0]

Rusty: [00:16:53] That’s good. That’s such a good word, Todd. And something that I think that’s not only relevant today, but for Faith driven entrepreneurs. Right. Is everywhere and should be at all times. And, you know, I think in moments like this, a lot of us try to look back at history and try to learn and bring forward. And there’s been such great words. And I know my e-mail box has been filled with C.S. Lewis and the atomic age. And his you know, his statements about that. And more recently, you know, I’m starting to see things and I know you’ve written about this and talked about it. You know what Martin Luther actually went through during the plague. And it’d be awesome to hear you talk a little bit about that, because that seems really relevant even today from a long, long time ago. So, yeah. Talk to us a little bit about, you know, what Martin Luther was going through and what we can learn from that. [00:17:40][47.7]

Todd: [00:17:41] All right. Well, this is great because you know Martin Luther lives in the 16th century, so the fifteen hundreds. And we know that the bubonic plague was something that was wreaking havoc in Europe for centuries, in fact, in the 14th century. So it’s been 13 hundreds. I think they estimate 60 percent of the population of Europe died. OK, that’s not 25 percent unemployment that we’re talking about right now on our economic forecasts. That’s 60 percent of the population of Europe died. The bubonic plague is a whole lot worse than the Corona virus. The plague would create not just high fevers, but large what they called weeping boils that would be on you. And even worse, because of some of the lack of medical development, the time there were doctors that would be propagating information that would say that you’re going to instantly die if the spirit of sickness that’s in somebody who has the bubonic plague even looks at a healthy person standing there. And so the conventional wisdom was, stay clear to sick, get out. Right. In other words, care for yourself and do what you can to survive in that particular moment. And so in the midst of that environment, we got him. John Huss wrote to Luther. He was another reformer in Germany. And in the 16th century, Luther actually had been commanded, if you will, by his government leaders to get out because he was a bit of a price leader. And they said, we want you to get out. His wife was pregnant at the time. So I want you to imagine this. And this is where Luther responded with this amazing little statement about what we should do. And I think there’s relevance for here for guys that are leading businesses, because when you are a leader of an organization. All right. You are responsible not just for the well-being of your family, but you are responsible for the well-being of others. And so when you think about what God wants you to do in that moment, you can’t just think of yourself. You can’t think about your reputation. Only you can’t think about your financial security. Only you can think about how you’re going to come out of this and maybe get people to invest in your next deal, because believers. And again, this is a faith driven investor podcast. Right. We’re believers. So we do nothing. We do nothing from selfishness or empty conceit. But with humility of mind, we consider others as more important than herself. We don’t really look out for our own personal interests. We also look out for the interests of others. I read a Harvard Business Review article that we might even get to hear a little bit later in our conversation. That was just helping business owners rethink how they might act in this. But let me just finish what Luther said. He just said this. This is an answer to the question that just asked him. And the answer the question is whether one might flee from a deadly plague. This really great application, not just for pastors, for what believers do in troublesome economic times or in a time of turmoil. He said this. He said, very well, then, by God’s decree. The enemy is sent a pestilence. So let me tell my faith driven investors this sometimes that pestilence is a contract that didn’t actualize. [00:20:44][183.4]

[00:20:45] Sometimes it’s an employee that was unfaithful. Sometimes it was a guy that led you on that he was going to execute on our business plan that you had that he’s not. That can be a pestilence. All right. And so what Luther said is, I shall ask first of all, then God for mercifully to protect us. Right. So if it’s a situation where you caused the plague or the pestilence, then the first thing you need to do is own it. But a situation where you feel like you’re a victim of it, like let’s say we all are with the Corona virus or in this case, Luther was with the plague. You should just say, God be merciful to me. This is not a surprise to you. Right. And so my job is to be faithful in it. You would not have brought this to me if you did not want me to faithfully represent you in it. That doesn’t mean I’m going to get to always have it spin around and turn around. Just be this great Silicon Valley success story or this great Wall Street success story. It means I’m going to be faithful and faithfulness is success. So Luther says I shall administer medicine and take it. In other words, do the things you need to do to care for yourself. Make sure you’re practicing sound fiscal policies. Make sure you’re walking with integrity. The medicine of a businessman doesn’t change in times of crisis. And if you’re going to be in a world filled with some pestilence, the first thing to make sure you’re doing is locking down your own actions and being excellent in them. He said I still avoid places and persons where my presence is not needed in order to not become contaminated and thus perchance infect and pollute others. If people in a city were to show themselves bolded faith, he says, when a neighbor’s needs so demands and cautious when no emergency exists, and if everyone would help ward off contagion as best he can, then he says in this instance the death toll would indeed be moderate. But and this is the key. If we are too panicky and desert our neighbors in their plight, then the devil will have a heyday and many will die. And so what Luther was saying is we have a responsibility not just to care for ourselves, but to not deserve our neighbors and their plight. And when I would just tell you, as a business leader, we do have a responsibility to our investors and to our employees and to those that place their trust in us. But your responsibility is not to be the messiah. You’re not God. You need to go to bed when it’s time to go to bed. And then you need to wake up and be diligent and have the mindset of Psalm 127. Unless the Lord builds the house, they labor in vain to build it. OK, so that means that we have to build a house. Doesn’t say pray God to build a house. All right. It says, unless the Lord is involved in this, it’s not going to work out anyway. OK. And so my job is to do what I’m supposed to do to frame this thing that was solid foundation to follow the blueprint. And then every good thing in my life is because of the grace of God and all that. Anybody who invests in me or who looks to me for leadership should want to see is that I’m doing everything that a man entrusted with the privilege of my position should do. And that’s your job is not to be a savior and not to save anything, but to work humbly, to work diligently, to work well in teams and to work in a way that isn’t just to further your best interests, but to honor God in all things. [00:23:53][188.0]

William: [00:23:54] Amen. William here. Thank you so much for walking through that. And as we think about this, I’m captivated by this specific virus where so far the number one thing they’re telling people is to stay home. Right. And to stay away from people. And so I think you did a great job walking us through the idea of listen and take care of yourself and do what people are saying. [00:24:14][20.6]

[00:24:15] But as churches are being canceled, as in-person gatherings are being taken away, and as that is the best way that we’re kind of hearing that we can love people, it seems like an odd dynamic where typically you would run and run to people you would want to be there, especially in the hospitals. I think about I’ve heard some terrible podcasts, right. I mean, a lot of these people are passing away with their loved ones, not their right, because they can’t be there. It’s just a very tough situation. And my wife and I were struggling with, you know, what does loving people well, look like right now. And as you have all have looked at that from watermarks perspective and your congregation’s perspective, what is the loving others look like while avoiding contact with them in this season? [00:24:57][42.6]

Todd: [00:24:59] So, yeah, we’re having to innovate, right? We all know that necessity is the mother of invention. And so we are having to innovate right now because listen, part of being a good citizen is asking how my actions are going to potentially affect others. We’re seeing a lot of the blogs that are out there right now. Is that the younger generation who is always fearless in the face of any kind of warning from any kind of authority they like is not that big a deal. A big I guess it’s just kind of a bad flu in my age group. Is that particularly at risk? Well, that might be well and good, but your age group interacts with other age groups and other age groups are a little bit more susceptible to probably some of the more adverse effects of the flu or specifically of the Corona virus. And so you have to be wise. And so again, Luther said this I would avoid places and persons where my presence is not needed or to keep myself being contaminated. Because I don’t want you to take a chance and in fact, and pollute others. I don’t know. Like Henry talked about how much we want to make this really about the Corona virus. But you know, the issue with this, the big flattening the curve ideology that’s out there is because of the fact that our nation is better supplied with hospital beds and ventilators than any nation on earth in terms of number. But we also have 300 roughly million people and we got a million hospital beds. So the entire at risk population is exposed to this virus, which they’re more likely to be exposed to it the more that they interact with carriers. And we don’t know who the carriers are. That’s what’s so sinister about this thing that our cavalier ness could put others at risk. So we don’t believe that we’re being good neighbors. If we just act like it doesn’t matter if I get it and it doesn’t matter if I give it to somebody else because I might give it to somebody else who puts people at risk, it won’t really get the care that they need at a particular time. [00:26:49][110.6]

[00:26:50] So I think we have to be wise. We have to again do nothing from selfishness or conceit. But at the same time, we don’t want to live in fear. I mean, a frightened world needs a fearless church. But let’s not use our fearlessness as an excuse to be reckless. OK. And so the Bible rewards obedience and faithfulness, not risk taking. And as a businessman, sometimes you take calculated risks. You step out what you would say in business faith. Would you look at the analytics and you look at the opportunities before you and you do your cost basis analysis as best you can and then you go? I think it’s worth I think I see a market opportunity is not guaranteed, but part of you using your intellect and your skills, you take some steps that are a bit of a risk, OK, and always have different risk profiles. Let me just say this to you. My point here is that in the midst of this, we don’t want to do anything just so that God has to show up. We want to walk with a God who’s already present in a way that other people look us to go. That was wise. That was insightful. That was selfless and not motivated by greed. [00:27:56][66.6]

Henry: [00:27:57] That’s a fascinating topic about the juxtaposition of obedience next to risk. And what I’m hearing and picking up from you is that there’s a lot of nuance around rescue, not saying don’t look at opportunities and seize them and don’t knock off into battle when there’s clearly a battle that to be fought. But wanton risk is not something that the Bible talks a lot about. And I think that’s interesting for our audience to hear because so oftentimes we think that entrepreneur equals risk. If you stay in your salaried position, that’s not risky. But if I’m an entrepreneur, I’m stepping out and I’m going to go ahead. I’m a lean forward into risk. And I think that’s really interesting. And I think that it’s a great opportunity for entrepreneurs that are listening this to pray through. [00:28:39][42.0]

[00:28:39] What does that mean? Am I ever taking risk at the expense of being obedient on this podcast? I think we’ve talked in past about the good kings of Judah who went off and then took some risks and didn’t seek God and things went poorly for them and they were the good kings of Judah. Bad trade deal went off in a war when they weren’t supposed to. So what does it look like for us as entrepreneurs to be obedient during this time but all times? And are we ever erring on the side of taking risk? Because that’s what we think we supposed to do and entrepreneurs and leaving obedience by the wayside. I’d love that. [00:29:13][33.3]

Todd: [00:29:13] And one of the things I’ll just add, especially as Christians, words really, really matter. The Bible tells us all that God’s opposed to the property gives grace to the humble. It says, Your younger members submit to your elders and all of you clothe yourself in humility with one another. [00:29:27][14.3]

[00:29:28] And so as a leader, I would really encourage you to be very careful when you say things like, well, I really believe God wants me to do this. Sometimes I hear guys say this and I’m like, well, look, if you believe that God wants you to do this, then it’s not risky to do it. It’s risky to not do it. OK, because again, I want to just oppose, as you just said, risk from obedience and faithfulness is obedience. And so we have to ask ourself this. Did God tell me to do it? If God asked me to do it? And I’m his, then. I should even ask people to pray about it with me. But I think most of the time when we mean when we say that, you know, is a habit to kind of throw this out there, and maybe if it doesn’t work, then, you know, it’s not my fault because I was just trying to be faithful with God called me to do well. God is not a man. He’s a liar, son of man. He should repent, the scripture says. And so God’s not going to make mistakes. And so if God tells you to build a boat in the middle of a desert where there’s never been a rain inside the earth’s environment, that’s not risky. But you better know that God’s called you to do something. It’s also OK, though, to say, hey, guys, I as best I can as a man who’s studied and worked and gotten more proficient in analysis and leadership assessment, I believe there’s an opportunity here. And I really this is what businessmen do. They ask others. To have faith in them that they assess the situation correctly. And look, we’re not always gonna get it right. And the one thing that we can’t say to people when we’re talking in the business environment here. If you obey God’s word, you’re always going to get it right. But as it pertains to a business decision, one of the things that people will do is they want to follow individuals that will invite them into the process and not act like they’ve got all the answers they can share, why they believe this is the right thing to do, the analysis and the work. OK. They’re not just some slick salesmen. There’s not just a deck out there that tobi’s gonna be impressed with, but that you can come and lay before them your thoughtful work and then not intimidate them or even feel rejected if their risk assessment is different than yours, and that environments would love them by bringing them an opportunity. And if that thing is supposed to work out, it will. And if not, you did your best to try and create the opportunity and the pitch. Investors, I think and you were telling me that you get solicited a lot. Right. You say no to 9 out of 100 folks. And that’s not because those ninety nine did know God’s will. It’s because for that thing to happen this particular moment, you’re not gonna be a part of God’s provision. And men should walk away from you, not with bitterness or with a sense of disgust or some sense that you don’t trust me, but a sense of a Henry. Thank you that you gave me thoughtful consideration and loved me enough to believe I was even worthy of the conversation. And would you just pray that I see if this is not something I should do, or that God would give me the strength and perseverance to continue and then Godspeed. On we go. And we’re brothers. So I really mean, this is an interesting and fascinating conversation because God doesn’t guarantee us anything but that he’ll be with us and that each and every day we should consume ourselves with a desire to be faithful. And faithfulness is not to make success for ourselves. Success and prosperity scripturally is that this book of the law would not depart from my mouth. So I’d be careful to do according to all that is written in it. So faith based investor, invest deeply in your faith and just don’t slap it or God that the outcome has to be what you thought the outcome would be. Go to bed knowing that you were faithful and that you weren’t pursuing idols or trying to force God into your wonderful plan for your life. Follow him. [00:33:16][227.8]

Henry: [00:33:17] Yeah. That’s a theme we talk about a lot and it’s great to hear you look at it from a different angle here in terms of obedience. And we talk a lot about the difference between being willful or faithful or as kipping. I’m talking about whether we’re striving or contending, striving, being on your own power by contending, being with God’s power and in God’s power. I think there’s a lot about obedience in here as well. [00:33:39][22.0]

Rusty: [00:33:40] Todd, I love that whole idea. And what Henry was saying, too, about risk and obedience. Can you just dive in further on obedience for us? Because it’s such a hard thing so many times for us to figure out, are we really being obedient? And I think it’d be really helpful for all of us and me personally during this time. [00:33:58][18.3]

Todd: [00:34:00] Well, one of the things that we, you know, want to be as just individuals that are aligned with our sovereign king and you know, we are I tell you guys all the time to BYO that I want to go down for me as a servant of Christ and a steward of the mysteries of God. And that would be true if I continue to my legal career or if I go into business one day. I just want to say to my friends that are listening right here and just reminds you, we are a part of the royal priesthood together. We are a holy nation together. We are people of God’s own possession together. This clergy laity distinction is as unfounded biblically as the secular spiritual divide that some people have with the way they act on a Sunday or what they think about on a Sunday. And then Monday through Friday. You know, when they deal with Wall Street and investors, they go away. This is business. OK. Well, our business is always to be servants of Christ and to be steward of the mysteries of God. And so you want to just make sure that you’re not walking in the way the way you’re standing in the path, the center sitting with the scoffers. But your delight is in the law of the Lord. And on that law, you’re meditating day and night. So all of your principles need to be governed by who you say you are. Not on Sunday. But when you made a decision that Jesus was your king. All right. This should affect you in every aspect of your life. So worship. We don’t call our large gathering at watermarked the worship center. All right. If this was a video podcast, I would be pointing to my chest right now and say, this is the worship center. Right. My life is to use the words of Paul and Corinthians is the temple of God. All of us are worshipers. Jesus and John Ford just said, hey, there’s going to be a day when you can worship me on this hill or that hill, but you going to worship me in spirit and truth. You don’t need to have a central temple idea of worship or the sacrifices made because your life now I’m quoting Romans Twelve. Your life is a living and holy sacrifice which is responding to the sacrifice of Christ. That was once and for all made. So the temple sacrifices are necessary. And so that is our charge and our call. And so I and every large corporate gathered at watermarked with this little phrase that now it’s become hagwon. I saw a bunch of high school kids wear t shirts and then text messages with hashtag hagwow. And I go, what is hagwow? They laugh and go Todd, it’s what you say every single week when we get ready to leave. It stands for have a great week of worship, right? HAGWOW. And you know, that idea is when we leave our corporate time of remembering the goodness of God and reminding each other to respond to him. That’s when worship really starts. Well, we just got through was corporate celebration, corporate encouragement and equipping. But now we’re going to goby worshipers. And so what we’re going to do at work is worship. Work is worship. We say it all the time, right. In these environments that the work of the church is the church at work. So my job is to, if anything, as a pastor to encourage you and reminds you that God made you a businessman for a reason and be the best kind of businessman that is consumed with honoring Christ and everything. You know, I don’t wanna quote more Luther, but he’s got an amazing quote about a cobbler and the way the kind of shoes that he makes. I heard. I think there’s bread and manning. That said, you can be sure that there were no cricket chairs coming out of the carpenter shop in Nazareth. Right. And so there should be nothing crooked about the way you are leading your company or the way you’re making decisions. [00:37:41][221.0]

Rusty: [00:37:42] That’s really great. So we can now say it again. HAGWOW. Have a great week of worship. Great. So we used to have BHAG’s and now we’ve got HAGWOW I love it every day. [00:37:53][10.8]

Todd: [00:37:53] Hey, I like you better make sure you BHAG’s run through the HAGWOW grid. Right. Go ahead. I think it’s goal to honor Christ in all things as a worshiper. [00:38:03][9.3]

William: [00:38:04] Hey, before we get on, you were mentioning an article that you read in the Harvard Business Review recently that had some great truth in it about our current time and also about how we can do business as well. [00:38:15][11.2]

Todd: [00:38:15] Yeah, I’ll tell you why this is worth maybe pointing to. And so, you know, I’ll just share this with you. I don’t get to spend a lot of time with the hard news review, but I do have a friend that said, Hey, Todd, you would like this article. So, you know, I source articles lots of different ways. Sometimes I’m reading on my own time times a guy pay me. This is one that my buddy Jeff Ward, who is such a faithful friend here, who was a lawyer and is now on our staff team, he’s the one that turned me on to this. But the title of it, it was just written, gosh, three days ago. It’s called the Corona Virus. Christus doesn’t have to lead to layoffs. Now, here’s why I’m pointing you guys to this. [00:38:45][29.5]

[00:38:45] Whenever you read an article in the Harvard Business Review or any book by anybody, you want to read it in the same way that Paul and Luke said that the Bryans listen to him preach. Right, because you are being influenced by what you meditate on. And we should bet, Ted on the word of God. But we should absolutely be unafraid to be in conversation with people who bring across different ideas. I just wanna always test those ideas up against the word of God. So the Breen’s and Act 1711 says they were more noble minded than those who were deslonde icons because they listened to what Paul was saying and they tested it or they took it to the scriptures to see if those things were so. So when you read a Harvard Business Review article, what you want to do is just go, huh? Some of these suggestions that are in here, not only do they seem to maybe make sense, they’re also aligned with what we just got through, talking about what it means for me to be a servant of Christ, what it means for me to be a worshiper in the way that I lead in this particular moment. And so these guys did a decent job of just saying a couple of headlines in this thing. We’re like, hey, communicate openly. In other words, too many leaders assume that if we show any weakness and we tell our employees or our investors that we’re not really sure which is going to turn out, they’ll see us as a weak leader and they’re gonna want to abandon us or look for a different company when in fact, the very opposite is true. They love the openness. I mean, the scriptures say that. So here’s where I would say that idea is biblical, where it says that the goal of our instruction is love. A pure heart and a good conscience and a sincere faith. I’m not managing information. To you, I’m going to be open about what I’m wrestling with and what I see potentially coming and what I’m doing to mitigate against a myriad of circumstances. The job of a leader is to anticipate what is coming right and is to define reality. And so one of the ways that you can help your employees is to just say, hey, listen, I’ve seen four or five potential tomorrows, not worried about them, but faithfulness in my role would be to consider how each of these could impact us. And certainly we all see certain things. Here’s some of my thinking about it. Here’s some of my concern and some vulnerabilities that I think we have in light of these things. And then the article goes on to say, one of the things that you might want to do is in the midst of being open and sharing, the plan is considering to crowdsource different ideas, which biblically is exactly what God’s word will tell us to do. I mean, he who isolates himself, the Bible says, seeks his own desire. He calls against all sound wisdom. And so there are ways to just ask others. Right. You want to wage war with wise consultation. The scripture says that the fool is more wise in his own eyes and seven men who give a discreet answer. So listen to other people and just say, hey, help me think through this. Here’s my plan. I’m not just numbed in activity, but I’m also not going to confuse motion with progress. So what do you think of these plans and what are some ideas that you have? So anyway, there’s just a number of different things that I saw these guys in this article talk about that I go, that is good advice because it lines up with what I see in the good book. So you should read every Harvard Business Review article, every Jim Collins book, and you should listen every Todd Wagner message at Watermarked Dawg the same way and just say, is it true? Is it founded in scripture? I love the way the article ends because it mentions and I can’t speak Swedish, but it ends with just that a leader should have ice in his belly and they use a phrase from a proverb in the Nordic countries that just talked about how a leader doesn’t get upset because his stomach is in effect strengthened and cooled by ice in his belly. [00:42:30][224.6]

[00:42:31] I would tell you that the scripture says the same thing, right? But that he was slack in the day of distress. The strength is limited. And as I said a while ago on the podcast. Far be it from us as God’s people that we should read more marked by fear, insecurity, anxiety and despair than by faithfulness and hope in our tomorrow. Even if that doesn’t turn out the way that we wanted to. From an investment standpoint or a future wildly successful career for me, if I’ve done what I should do with integrity, it’s successful. [00:43:07][35.9]

William: [00:43:09] Amen. Well, unfortunately, we have to bring the podcast to a close here. I would love to spend more time going through some of these topics and hopefully move some time on another podcast. But as we do come to a close, we always like to bring our Faith Driven Entrepreneur and our faith driven investor audiences into what God is doing right now in your life and in the life of our guests. It’s amazing how God’s word shapes itself through our listeners and through our guest. And so if you wouldn’t mind telling us maybe where God has you in his word. It could be in the season leading up to it. It could be this morning, something he may have placed in your heart and what he’s teaching you through the good book. [00:43:45][35.3]

Todd: [00:43:45] Well, my mind competed right then for five different places in the scripture. I was hanging out a little bit earlier today, but I think I want to go to this one. It’s at the very end of Deuteronomy right now. Kind of by reading through the Bible. I’ve been in Deuteronomy much. And so at the very end of Chapter 4, this is what it says. And I use this one because I think it’s just a good reminder for us all to have in season and out of season. That’s what the scripture means in Timothy when Paul says it. Timothy. We’re not just Christians when it’s convenient and we don’t just give God glory and honor when everything is up and to the right. Right in season and out of season. I want to be a man of the book. All right. So, by the way, in Deuteronomy Chapter 8, God says, hey, listen, I’m the one who gives you the power to make well. He’s also the one that gives you the ability. Now, I’m quoting from Philippians for. To do well in seasons where it’s not turning out the way that you had planned or had hoped. What I want you to know in the midst of every season and whether you’re in the midst of plenty or want, whether you are well-fed or hungry. Paul has learned the secret of contentment. And that secret was learned by Moses and Moses, who trying to remind the people of Israel to it. So this is what Moses says in Deuteronomy Chapter 4, and I’ll paraphrase the first part of this section of the end. And then our region specific parts. But basically in verse 32, he starts by just saying, just go back and remember who I am. So for the Christian, go back and remember what Christ has done for you in Romans 8 says you did not spare his own son, but deliver him up for sale, will you? Not also with him freely. Give us all things. So man was wonderful that he split the sea for the Israelites as they came out of Egypt. It’s wonderful that, you know, he covered the mountain fire. But what he’s done for you is even more wonderful. So remember the things that God has done for you. He says in verse 33, has anyone ever heard the voice of God speaking in the midst of the fire, as you have heard, and survived? Guys, we have the Bible in our hands and we can open it up to read every single day. And then a verse 34. He goes on just the list and the different things that he has done. But this is what I want you to hear. OK. He says, listen. Verse 40. So you shall keep the statutes and his commandments, which I’m giving you today, so that it may go well with you and with your children after you and that you may live long the land which the Lord your God is giving you for all time. This is what I would love our business leaders in this day and age to know there is something called gospel blessing. It’s what Paul is talking about in Philippians 4. And it’s very different than the perverted prosperity gospel. The Prosperity Gospel says that going well with you means you’re never going to get sick, which is crazy that your business deals always going to work out. You’re gonna be healthier, wealthier, wiser than you’ve ever been. Well, the wiser part will be true, but the wealthier part, I don’t know. Some faithful men. The Bible says we’re sworn in, too, and we’re fed to the lions. And sometimes God shut them out of lions. And sometimes you delivered people from certain death. I don’t know what your tomorrow is going to be. I just know that God is going to let you have his peace and whatever tomorrow brings. If you walk with him. And so that phrase in Deuteronomy, chapter four, verse 40 that it may go well with you is not to be distorted, to mean that your business is going to work. It means that the way you work in your business is going to end with you hearing the words. Well done, good and faithful servant. Sometimes God might love you just enough to let you be tested with a trial. He did that with Joe. And if anything, there’s not a health, wealth and prosperity trajectory for godly men. There is. I’m going to put you in situations that no men can continue to sink raises for me. Just to show that you love me and not things. That was certainly what he did with Job. [00:47:39][234.0]

William: [00:47:44] Amen, thank you so much for the good work. Todd, thank you for sharing your time with us. I know it’s a crazy time and I know you have a congregation that you’re chaperoning and for you to pay off in time to shepherd our congregation as well as just a true blessing. [00:47:58][13.5]

Todd: [00:47:58] Well, hey, guys, it’s a privilege. I really am grateful for you men as business leaders, the way that you are putting your faith to work. And through this podcast, through your ministry, through your gathering of guys and the fact that we’re doing to do it in person, September is going to be really, really exciting. So I’m humbled that you thought this was a good use of your time. And let’s just pray the Lord uses it to encourage people. [00:47:58][0.0]

Episode 19 – Finding Opportunity and Revival Amidst the Coronavirus with James Cham

subscribe to the podcast

We’re living in unprecedented times. Coronavirus continues to spread, and the fear and anxiety attached to it are moving even faster. It’s no secret the effects this pandemic is having on the economy and investing market. So, what do we do?

That’s the question we posed to James Cham, a venture capital investor with Bloomberg Beta. He provided a unique and positive spin on everything happening worldwide, and we’re excited to share his encouraging words amidst these challenging days.

If this episode encourages you, we hope you share it with others who may need an uplifting word. As always, thanks for listening!

Useful Links:

An Interview with James Cham

@jamescham

James Cham LinkedIn


Episode Transcript

Some listeners have found it helpful to have a transcription of the podcast. Transcription is done by an AI software. While technology is an incredible tool to automate this process, there will be misspellings and typos that might accompany it. Please keep that in mind as you work through it. The FDI movement is a volunteer-led movement, and if you’d like to contribute by editing future transcripts, please email us.

Henry Kaestner: [00:01:47] Welcome back to the Faith Driven Investor podcast. It’s really good to be with you all. This is a special edition recording that we’re doing with a good friend of all of ours. James Cham. It’s infrequent that we have a guest on the program that Rusty knows well. William knows well, I know well. And so it’s a great joy to have James Cham of Bloomberg beta with us on the Faith Driven Investor podcast during a crazy time and what’s going on in finance and investing in the economy. James, thank you very much for making time to be with us this morning. [00:02:15][28.3]

James Cham: [00:02:15] Of course. Of course. I’m glad to be with you guys. I always look for excuses to hang out with all three of you. [00:02:20][5.0]

Henry Kaestner: [00:02:21] You know so many people that there’s a good chance that every listener in his podcast knows you, but on the off chance that somebody doesn’t tell us. Who are you? Where do you come from, what you do? [00:02:32][10.4]

James Cham: [00:02:33] Yeah, I’m a seed-stage investor with a v.c firm called Bloomberg Beta, where we invest in the future of work. [00:02:39][6.0]

[00:02:39] But more importantly, I’m a person who started as a software developer and then became a v.c a few years ago and struggled a lot about what that actually meant and why it might be important. And as a Christian, I think I’ve spent a bunch of time trying to figure out what is the actual role of an investor in God’s kingdom. [00:03:00][21.2]

Henry Kaestner: [00:03:01] Mm hmm. So that notes to some extent, of course, that that faith is a part of your life. Have you always been a believer? [00:03:07][6.3]

James Cham: [00:03:09] You know, I grew up in a Chinese church in the San Gabriel Valley of California. [00:03:13][4.8]

[00:03:15] And it was a vital part of both how I thought about myself and how I thought about the world. And, you know, I was lucky enough to get involved with Intervarsity in college. And it’s meant a lot to me. And so it’s been a vital part of my life for a long time. [00:03:29][14.6]

Henry Kaestner: [00:03:30] As you were a software engineer and then now as an investor, how do you see this faith that you’ve had? There’s been a big part of your life. How do you see that come to bear? Is it something that Sunday’s you go to church and it’s been a part of your intervarsity background and all that, and then Monday you’re just kind of coming in and just bringing home the bacon? How have you seen faith work into your life vocationally? [00:03:50][20.2]

James Cham: [00:03:53] You know, it’s interesting because when I got right out of college, I worked as a software developer. But more critically, I ended up living in a house with a bunch of other Christians, many of whom were involved in our local college fellowship. [00:04:06][13.3]

[00:04:07] And that meant for me the way that I thought about my work. [00:04:10][3.1]

[00:04:10] Getting my life wasn’t quite as sort of clearly separated that those things all melded together. [00:04:16][5.6]

[00:04:17] And I think that’s been quite helpful for me, even though I worked in sort of totally secular workplaces. That’s meant that that’s always been part of the discussion and part of the way that I thought about things. [00:04:27][10.4]

Rusty Rueff: [00:04:28] Hey, James, it’s awesome to have you here. You know, we probably should mark this moment in time because our listeners of the Faith Driven Investor podcast could be listening to this years from now and not know why the audio quality is a little off and what’s going on. Well, this is a moment. [00:04:44][15.6]

[00:04:44] It is March the twenty sixth of twenty twenty. And most of us on the line here are in shelter in place as we go through the COVID-19 pandemic. And you know, we wanted to have you on James, not only because of your background and what you do as an investor and a faith driven investor and how your faith informs that, but also to give your insight about what you see going on around us, particularly in the investing world. And like, how should an investor be thinking in this time both strategically and actually tactically, right. Because we’re struggling a little bit here and we want to get your words of wisdom. [00:05:24][39.7]

James Cham: [00:05:25] Yeah. You know, sort of these are the times. So I’m glad I’m not a public market investor. Like I have no idea. [00:05:29][4.3]

[00:05:30] So they’re how they should be thinking about the market or how they think about the world. But I think for an early stage investor and critically for early stage founders, this is such an important and unique moment. There are ways in which for many people they have felt like they’ve been made for moments like this. I think for normal people like me, you know, there were kind of freaking out and we’re trying to figure out what to do day to day. But I think that there are sets of people right now for whom their entire life has been made for a moment like this, when the rules have been broken and thrown up and suddenly they get to try to create something different or redefine things. And I think there’s an openness right now that’s just going to be unique. And the people who are able to understand that and, you know, not to be too theological about it, but the people who’ve been created by God for this moment of whom. It’s not everyone, but they’re just a few. They will be able to do things they would have never been able to do before. It is now the time for like this 17 year old who’s has no right to command the stage or the 60 year old who’s been sort of thinking deeply for a long time. [00:06:39][69.0]

[00:06:39] It’s like their chance now to really sort of take advantage of this moment. And I think it is so hard to sort of imagine that and think about it, but it’s just right there. And I think that’s really exciting, even amidst the terror and all the ways that this is going to be really bad and really hard to give us some more specifics on that. [00:06:58][18.7]

Henry Kaestner: [00:06:59] As you look at your portfolio as a private investor and you’d look at different sectors and you think about what the economy might look like and whether it’ll be the same or different coming out of this, where are some of your observations? [00:07:10][11.6]

James Cham: [00:07:11] So I think that it is easy depending on how you feel to go swing wildly between “We’re going to be in a sort of depression for 10 years or we’re to have a time of unprecedented growth.” [00:07:22][11.1]

[00:07:23] And I think it’s just very hard to know. But what that really means is that the cone of possibility, you know, sort of the range of what’s possible right now is so wide. And so that is both terrifying and exciting. And I think that that means that for the portfolio companies I talked to, they’ve got a plan in both places. Right. There’s a way in which even as companies are going through and figuring out what lay offs are going to look like or how they’re going to extend a runway at the same time that that’s happening. There’s also this chance where they have to dream and say to themselves, you know what, actually my relationship with my customer or my relationship, my partner, could be fundamentally different because I might be in a position to serve them differently or better. My partners might be open to new opportunities. And I think that way of thinking is so hard to do. But for the best entrepreneurs that I’ve dealt with or I talked to, they aren’t thinking that way right now, that they are living in all three places at once. They are thinking right now about, you know, gosh, I’m going to have to renegotiate the lease and I’m going to have to lay off these 10 people. At the same time, they’re saying, you know what, actually, this means that I could actually sort of offer this service to a customer who in the past would never been open to it. And at the same time, they’re saying, you know what, I should now be reaching out to, you know, those 10 people who I’ve talked to three years ago who made some difference in my life and just sent them to quit Texas quick. No. And I think that, Mark, it’s so rare and it’s so hard. But when you see that, it’s an incredible blessing. And it’s incredibly encouraging to me. [00:08:57][94.3]

Henry Kaestner: [00:08:58] As some of your portfolio companies are coming back to you and talking to you about liquidity and obviously some of the reactions you’ll have to that are that in some cases they need to lay some people off. How are you thinking about capital structures right now? How are you thinking about companies and their ability to access debt or more equity? Are you finding that this is a time to think creatively about shoring up the balance sheet where some options? What are some of the discussions you’re having right now with some of your portfolio CEOs? [00:09:26][27.8]

James Cham: [00:09:28] What’s fascinating is that the answer yesterday is gonna be totally different. The answer tomorrow that the capital markets are so fluid. Right. And, you know, we’re at a point right now where there is a massive stimulus that I think may have just been passed and the implications of that. We’ve got a number of folks who are trying to figure that out. I mean, remember companies and what that looks like could fundamentally make a company. Right. And I think that’s what’s weird about this moment, is that there are so many things that are possible. We were joking earlier about the fact that we were having trouble with our videoconferencing system and it exposed the fact that although we call it a cloud, it really is a bunch of servers, right? It’s a bunch of. People servers are going to be overloaded right now because everyone’s using it and it sort of exposes sort of the actual underpinning of what actually works and doesn’t work in the. [00:10:17][48.9]

[00:10:17] It’s almost as if, you know, when you watch The Matrix is a point in the movie where you realize everything’s a simulation and you realize all the pieces are working and grinding together to make the system work. And we’re seeing the same thing across the board in lots of different ways. Right. We’re seeing that also for the financial markets where there are a number of people who thought they had a lot of money to invest and suddenly don’t. [00:10:38][20.6]

[00:10:39] But at the same time, we’ve got a bunch of people sort of who sort of are sitting on piles of cash or eager to play. [00:10:44][5.6]

[00:10:44] Right. And I think that that ability to sort of adjust quickly to the shifting reality and to see the world as it actually is, that’s hard. And so I’m reluctant to make sort of grand pronouncements, but it is definitely one of those cases where I feel like as an entrepreneur and investor, so much of your time now has to be just keeping your eyes open and sort of not using the old rules of thumb that you had. Right. That I have a whole set of like pat answers to things that may no longer apply. And that’s both the fun and the terror of the job. [00:11:13][29.0]

William Norvell: [00:11:14] Hey, James. William, here I want to shift gears to a little bit as your job as an investor in sort of finding new companies to come along, and you mentioned earlier you glad you’re not a market investor, but as you look at what your day to day looks like, are you open for business, looking for new businesses to invest in or are you a pause as well and kind of taking some time to see everything shakes out? Help us kind of get into the world of a venture capitalist or you specifically during the season. [00:11:42][27.4]

James Cham: [00:11:43] Yeah, I think that, you know, I was a software developer in 2000 and then I was a new investor in 2008. And of course, now so I’ve seen a couple of versions of this. And of course, this is totally different from anything that we’ve seen before. [00:11:58][14.9]

[00:11:59] So that’s the first part. And I think that as far as like the generic answer is that seed stage guys are always later to react to macro events that as a seed stage investor, I’m running such small checks, you know, sort of in the grand scheme of things. And also, I’m looking so far ahead. Right. So I’m not expecting to sell a company or sell my position in a company in six months. I’m thinking about it in terms of six to 16 years. [00:12:24][25.5]

[00:12:25] And so as a result of that, you know, the timing is totally different. So that’s the happy talk version of it, which is, yes, we are indeed open for business. [00:12:31][6.1]

[00:12:32] We’ve made a couple investments just even this week. The other part of it, though, is that the world is so uncertain now that now more than ever, like my hypotheses or ideas of how the world will turn out. They’re all up in the air and my ideas about how to think about valuations and what’s valuable. That’s all up in the air. And so that does mean that in some ways my normal theses are changing right now. And I think we’re all trying to adjust. [00:12:56][24.6]

William Norvell: [00:12:57] Well, that’s good. That’s good. Could you go one layer deeper. And you’ve been looking at the world in a certain way, predicting that is sort of your job, trying to predict what will happen and invest in, you know, the world changers. Could you talk about how you got to thinking about that? And this is a point in time. We’re not going to hold you to what could be changing, what should be shifting, what is in question for you right now. And I know you don’t have all the answers, but maybe just minor investors in there right where you are right now. [00:13:24][27.3]

James Cham: [00:13:25] Yeah. You know, sort of I invest a lot in enterprise software and I love enterprise software. I believe it transforms the world. But also, there’s a way in which it is also fundamentally corrupt. It is corrupt in the sense that the people who buy enterprise software oftentimes really are buying it so that they can keep their job or so that they could get promoted rather than they could actually improve the life of a company. And I think that there are a whole bunch of products that were hard to sell in the past because they would require too much wrenching change inside an organization. And if we are indeed looking sort of at a prolonged downturn, then I think there’s a perverse way in which willingness to change is totally different. And so the willingness to adopt new technologies can be different than it has been for the last 10 years. You know, the stereotype of the cool innovation team with the guys, with the purple glasses, you know, sort of that’s how people used to think about new technology. And now the way to think about new technology is something that might actually make a huge difference. And then the implication there is then the buyers are different. The way they buy is different. The way that we think about selling is entirely different. [00:14:33][67.2]

[00:14:33] And I think all those sorts of things we’re trying to figure out right now and it is partly about predicting the future, but it is mostly really about finding the most interesting entrepreneurs in the world who are living the future right now. [00:14:46][13.2]

[00:14:47] Right. And so that’s the way that I actually think about it. [00:14:50][3.2]

Rusty Rueff: [00:14:51] And James, what do you tell the entrepreneur who right now is like at that precarious moment, like about to go raise, but was a couple of months away? But, you know, as the time goes by, they’re burning. And so their burn is up. How did they approach you at this point? Very tactically, and then is there something that you can provide as advice about how they go back to their current investors? Because in normal times, you’re running out of cash and you’re going to hit a wall. You know, you might be able to raise. You just need a little more time and you might go back for that bridge loan that can sometimes feel predatory. In some ways, just give them a little bit of advice on what to do if they’re in that precarious moment. [00:15:35][43.9]

James Cham: [00:15:36] So this is the time for over-communication. I think that if I were just to look at the best founders in my portfolio, they’re just spending a lot of time with what you could generically call investor relations. Right. That they are trying to figure out what’s the position of their various investors. Where are they? How are they doing psychologically? What’s the position of the firm? And I think that involves just lots of conversation, whether that’s over text or email or Skype or phone calls. And I think there’s a way in which the only way that can work well is if you’re connecting with other people. And in part because of the pandemic, it is both easier and harder. It’s obviously harder because just like right now, we can’t see each other face to face. You know, the zoom meeting skips and you can’t tell whether someone’s frowning or whether they just got frozen. Right. So that whole piece becomes harder, but it’s easier because there are so many different ways to connect. Now that there’s so many different ways you can connect with people. [00:16:29][53.8]

[00:16:30] And also in part because this pandemic is so universal, you could connect with people in authentic, deeper ways than you’ve ever been before because everyone’s like worried about their grandmother or they’re sort of stuck at home by themselves. And that chance to connect just gives you visibility. And, you know, sort of from a pragmatic point, it gives you visibility into what’s going on. But also from an eternal point of view, it lets you create relationships that are just going to be important forever. [00:16:57][27.7]

Rusty Rueff: [00:16:59] Yeah. And I got to think that on the flip side of that, as an investor, you know, you probably also got this sort of nervous moment, too, where you don’t want to over ask, but the same time you want to be communicated to. So that over communication piece is a great piece of advice because as an investor, I mean, I’d like to hear before I have to ask. That’s right. And again, that creates confidence. [00:17:22][22.5]

James Cham: [00:17:23] That’s right. And, you know, sort of the essence of that is over communication. But also, it is genuine conversation and it is hard to get genuine conversation just in general in life in the sense that I actually talk to someone. I get a different reaction. I hear something back from them. I react to that and that sort of interplay. I think the best entrepreneurs are able to get there right now very, very quickly. But it’s just hard to do because it’s hard to get people off of their generic positions or to actually think about the situation they’re in the middle of right now. Because I don’t know, as of v.c, I might be on sort of today 15 different 30 minute zoom calls. Right. Plus a couple of blogger meetings and just that ability to transition and think and be present. That’s a huge opportunity. And it’s so, so hard right now. [00:18:11][48.2]

Rusty Rueff: [00:18:12] Yesterday, I was on a call with one of the companies that’s in my little portfolio of investments. Day before yesterday, actually in one of the co-founders wasn’t there. And I said, you know, hey, what’s going on? He goes, Well, I got bad news. He’s very sick, is covered 19. He tested positive. He’s 40 years old. Right. 40 years old. And the other co-founder. You can tell he’s scared. Like he goes, we’re leaving him alone. Fortunately, his wife is a physician’s assistant, but she’s sick, too. And they’re trying to kind of work through this. And you know what it does? It also gives us an opportunity to say, hey, you know, I’m a person of faith. Would you please pass to him that I am sincerely not just making it up. I am praying for him. He goes on my prayer list. So there there is that moment for authentic that we can actually go even a little further in the authenticity of how our faith plays out. [00:19:05][52.6]

James Cham: [00:19:06] Yeah. And I think this is also you know, it’s interesting. This is the moment for Jesus. Right. That this is the moment where it’s only going to be by paying attention to the Holy Spirit and being finely tuned and not getting distracted on Twitter. Right. For you’re going to be able to think that instead of be prompted. And I feel like it’s amazing to me because, you know, the best entrepreneurs have so many distractions and so many like the places where they get information and that ability to step back and actually hear right here what’s important. [00:19:41][35.2]

[00:19:42] That’s beautiful to see when that actually happens. [00:19:44][1.6]

Henry Kaestner: [00:19:45] Indeed. And, you know, I think James, you pointing us to Jesus is super important. [00:19:49][4.3]

[00:19:49] I know I’ve had some actually some very rich conversations with people that share faith over the course last couple of days. Many of them are in the health care space and they are very, very concerned about the impact that this has on the general health population. And of course, it makes sense as their perspective. It’s their flock. It’s for guys uniquely equip them to do with their their talents and their experience. On the other hand, my background is more of being an entrepreneur or even more so than being an investor. And so I feel a particular sensitivity for my flock, if you will. And those are small to medium sized business owners who are going through some real challenges and questioning whether the treatment is going to be worse than the actual disease. And yet again, on the flip side, the health care, people are looking at health care systems being overwhelmed. And I think that the answer for all of us is that we need to look to guide and understand the guy to sovereign and guy cares about the health care and cares about health care professionals. And he cares about the economy and jobless claims and small to medium sized business owners. And the thing that unites us is something that’s we really need to rely on. We need to rely on our shared faith and understand that God is sovereign and that we if we lean on our faith first, it will then give us the grace to be able to engage with other people who might have views that are different than ours will be able to rejoice in what we share in common more than the differences that we have. And it will allow us to then be able to be a more effective witness and testimony to others that are trying to figure out what they think and why they think. This just really strikes me as just an incredible time for us all as believers to be able to speak into the different sectors in which we have been given the special privilege of being able to speak into. And I think as investors, that’s super important. My sense as an investor right now, the conversations I have or the next two months about why I have the hope that I have, the perspective I have will clips that that I had in all of 2019 and probably will have an of Lord wine on all of 2021. And it’s a conversation, hopefully of encouragement to the entrepreneurs that are in our portfolio that are laying people off. It’s an encouragement to our is to be able to help them and understand that with their money that they’ve entrusted us with, that we’re looking to be faithful stores of that and that we’re playing the long game that we’re looking to love on great enterprises and great leaders who we have chosen invest in not so much because of their idea or because of what they’re can hit next quarter or the following quarter, but because of our assessment in their talent to be able to see what the market is giving them and to be able respond by adding value to the overall economy. And I just I hope that we all lean into that. And it’s daunting. It’s not easy, but it does, I think, make us rely more on God. And so this has been a very spiritually rich time for me. [00:22:35][165.9]

James Cham: [00:22:36] Yeah. You know, it’s so interesting because, of course, it’s not going to be all good news. Like, I feel like I’ve maybe I’ve sounded too optimistic in this conversation. There’s going to be a lot of pain and a lot of people’s lives are going to feel like they’re gonna be destroyed. And it’s really, really hard. There’s a way in which, you know, sort of for the younger entrepreneurs, they’ve never seen a downturn. Reagan sort of they’ve got in the job market in 2008, and they’ve only seen it go up since then. [00:22:58][22.3]

[00:22:59] And I think this idea that bad things could happen to people who are capable or people who are good will have a difficult time getting a job. [00:23:07][8.1]

[00:23:08] That idea is actually going to be really hard for a bunch of people to understand and to process, especially for those who’ve been incredibly blessed and incredibly successful. And I think that that that humbling process, you know, that’s going to require deep character, but it’s also going to require like deep theology. I think there’s a way in which all the theoretical things that you’ve learned in Sunday school, all the ideas you’ve got around the Trinity, all the ideas you’ve got around redemption. Sort of God’s role in this world, they’re going to be tested now, and I think and I hope that the church is ready for this moment. [00:23:42][34.5]

[00:23:43] And that’s, you know, to us I am partly praying about now, but I’m also partly praying that we as a set of institutions and a tribe of people that will be resilient for the long term and not sort of fall apart because of, you know, various disagreements or discussions over the next couple days, because we were still thinking in terms of days. I feel like we should be thinking in terms of months and quarters and years. And so that’s the thing that I pray about. [00:24:11][27.7]

William Norvell: [00:24:12] Amen. James, I’m interested in how when you talk about people that are not in a downturn, I just think that’s such a pressure conversation, especially in Silicon Valley or in the broader, you know, early stage technology world where I think it’s been especially good. Right. I mean, if you’re a good engineer, there’s ten job offers. People are e-mailing you on LinkedIn everywhere. There are no layoffs. It’s just even further out to the right. As you see, your company potentially have to deal with layoffs. I’m wondering a couple of things. One, are companies in the early stage tech space, do you see some layoffs coming, too? Do you see in 2020 budgets being readjusted? I think there’s also a mindset out there that are you know, once they open the doors, all are going to go back to normal. Mehta How are you counseling your company there in 3D? Do you see a fundamental shift maybe out in the early stage tech sector where people are going to slow the pace a little bit, maybe go more towards optimal growth instead of crazy venture capital feel growth that has been sort of happening over the last decade. Like and I know Megan needs a couple of different predictions and I wondered how you see it this time, you know, potentially changing those things. [00:25:21][69.2]

James Cham: [00:25:22] You know, it ranges. So why the…I will admit that I’ve tried very hard to bite my tongue and to let the entrepreneur tell me what’s going on first before I come over because it really depends on the sector right now. And I think the only thing we know right now is that that, yes, there are going to be lots of layoffs in certain sectors and it’s going to be really, really painful. And lots of very good people are going to be in a position where they’re going to face financial insecurity for the first time in their life and sort of being able to process that and being there for them, it can be hard. I think the other things is gonna be true, that layoffs are going to happen online. And, you know, layoffs are already inhumane. It’s so difficult for both parties but to have to lay off 100 people or 150 people over video conference like that’s crazy. And that’s never been done before. I think that for certain types of companies, they’re going to do very, very well in this market. There’s certain ones where companies are you know, investors are banging on their walls because they’re especially suited for remote work or for automation. There are other companies that sort of, let’s say, companies in the travel industry. Right. Or companies that are reliant on sort of Face-To-Face interaction as part of their value, where they’re going to have to like shut down basically for months and months as everyone figures out this pandemic. And I think the reality of that is just it’s just so hard to look face on and understand. So that’s part of it. And then I think the broader question of will things be different? Yes, things will be different. But it’s not like gods told us how things will be different three months from now. The way that things are we different. We are highly dependent on sort of the decisions that individual entrepreneurs and leaders and pastors. The pattern is that they set right now could sort of set the pattern for the next couple of decades. And I think that’s both encouraging and terrifying, right. That right now, when we’re already distracted and worried about our kids or our grandparents at this moment, when we are hampered, the decisions we make are going to set down for a long time. And it’s only by the grace of God. Right, that we’ll make the decisions. And I think spending time sort of just holding your breath a little bit, stepping back and praying and sort of in a world where there’s infinite amounts of information. Right. Sort of being able to focus on the things that are really important and that sort of actually should influence your decision. That’s the challenge, I think, for investors and entrepreneurs and everyone right now. [00:27:42][139.9]

Henry Kaestner: [00:27:43] James, anything else that may have not come up in conversation or anything else? And there is a need to be we cover a lot of ground, but is there anything else that you think that our audience needs to know about? [00:27:52][9.2]

James Cham: [00:27:53] So, you know, I come from a strain of Christianity that’s mildly charismatic. Like we’re not, like, super charismatic, really mildly charismatic. [00:27:59][6.3]

[00:28:00] And I’ve been convinced for the last couple of quarters that revivals around the corner. [00:28:07][6.6]

[00:28:08] You know, there’s a secular historian named Jill Lipoor, who writes about American history, who the other day said, you know, America’s overdue for a revival, like a religious revival. [00:28:16][8.5]

[00:28:17] And I thought, oh, my goodness, here we have a secular historian and she has more faith in me. What’s wrong with me? Right. And I think that there’s a way in which, you know, there’s going to be revival and it’s going to come out as like something out of jail. But it’s going to be the dreams of old men. And it’s can be the prophecy and work of young people. And I think there’s a way in which, like as a 46 year old, you know, sort of my dreams are different than the actual work that’s gonna be required. And so I’m very hopeful about this entire generation of like teenagers and 20 somethings who are gonna talk about God differently and they’re gonna be raised in a totally different environment and their ability to communicate. And our ability is like sort of investors or older people to recognize the value that they create and encourage that. I feel like that’s the challenge for me. [00:29:04][47.3]

Henry Kaestner: [00:29:05] That’s a great encouragement. That’s a great word. [00:29:07][1.4]

William Norvell: [00:29:07] Amen, such a great word. Thank you for coming on sharing your wisdom. I love how you framed the last couple of moments of just that. This is a big time for people to lean into the Holy Spirit, to lean into Jesus, to try to understand what he’s calling us to in situation, and that those could have big impacts moving forward. And so in the midst of that, I’d love to ask you, you know, whereas God have you right now, potentially this morning or over the last few weeks during this crisis, where did he have you and his word? What name is coming alive in a new way? You just mentioned a great pass from Joel. So maybe a little bit more on that, but it’s something else. Where did he had you maybe walk us listeners through where you are experienced? [00:29:47][39.2]

James Cham: [00:29:48] Here’s where I really am. You know, I have a little bit of a cold I’m sort of a little paranoid. I’m sitting in my grise. I’m worried about like my family and my friends in my portfolio, you know, sort of I’m trying to not look at Twitter, you know. [00:30:00][11.7]

[00:30:00] So that’s where I really am. And at the same time, I’m also sitting here at a time when it feels like I don’t know the institutions that proved to be effective and good now are gonna earn credibility for decades and decades. [00:30:14][13.1]

[00:30:14] And I just so pray that those institutions will be Christian ones like, you know, sort of led by people who are going to follow Jesus and Senate example for people for a long, long time. And so it doesn’t have to be me. It doesn’t have to be someone listening on this podcast. But it’s got to be someone and I pray so hard that sort of God will raise those men and women up and that they’ll help them create these institutions that really could last for a long, long time. And so, you know, that’s my hope. That’s my prayer. And sort of like that’s my blessing to you guys. [00:30:47][33.0]

William Norvell: [00:30:48] Amen! Thank you so much for spending some time with us during the season. [00:30:52][3.8]

James Cham: [00:30:52] Indeed. Yeah. Hey, feel for your brother. Yeah. No, my pleasure, guys. You know, God bless you for your work and hope to see you guys physically soon. [00:30:52][0.0]

[1692.0]

Episode 20 – The Danger of Hanging Your Best investing Ideas on Scripture with Jerry Bowyer

subscribe to the podcast

We’re so excited to share a conversation today that we think is long overdue. If you’ve been following the website, you’ve no doubt seen the name Jerry Bowyer as we’ve featured several of his blog posts (including “How God’s Work is the Model for Your Work” and others)—all of which are must-reads. 

Jerry is a leading thinker in finance and economics and a frequent contributor for Forbes and Townhall. His writing has been influential in the faith driven conversations. One of the things Jerry is really known for is stretching our thinking. Often times he takes positions that cause many of us to consider the other side of a conversation and we think you’ll enjoy our conversation.

Tune in to hear Jerry’s thoughts on how to read the Bible and the dangers of trying to pin scripture on our business ideas vs. starting with what Scripture says and seeing our ideas move out of it. Our hope is that we walk away challenged to dive even deeper into Scripture and how to invest as faithfully as we possibly can. 

Useful Links:

What Does Jesus Teach About Investing?

How God’s Work is a Model for Your Work


Episode Transcript

Some listeners have found it helpful to have a transcription of the podcast. Transcription is done by an AI software. While technology is an incredible tool to automate this process, there will be misspellings and typos that might accompany it. Please keep that in mind as you work through it. The FDI movement is a volunteer-led movement, and if you’d like to contribute by editing future transcripts, please email us.

Henry: [00:01:55] Welcome back to the Faith Driven Investor podcast. It is awesome, as always, to have you with us. I’m joined by my co-host, William. And we have a really special guest here that’s made a big impact in the way that both William and I have thought about this larger faith driven investing lens and ecosystem. Jerry Boyer here. And we’re going to get right into this. Jerry is very thoughtful about many different aspects of faith driven investing. He’s thought about it, about what God says. I listened to a talk that he gave several years ago about how he looks at some Old Testament stories like the sons of Issacar and what they meant for this age. [00:02:32][37.3]

[00:02:33] And so, Jerry, I want you to take this conversation the way you want to. We were talking before the program started today, and you were like, you know, ’cause there’s so many different podcasts that talk about God owns it all. And we’re going to get right in this and just validate all that. We understand that there’s an increasing awareness of Christ followers, that there’s an opportunity to worship God with the money entrusted us to, and that we need to be vigilant for greed. That is a very important part of this overall piece. And yet it’s just a little bit of a piece. You’ve done some really interesting work in going back into scripture to endeavor to understand what did Jesus say about invested in? What did Genesis say about investing in Genesis is an easy place to start. Is it the beginning of the Bible? What is your reading of Genesis tell you about how we might think about investing in a way that honors God? [00:03:21][47.5]

Jerry: [00:03:22] Well, I think if you look at the Book of Genesis carefully, and the easiest thing for us to do is to take our best thinking and hang it on a biblical text or to take our arguments or our debates or even our questions and bring them to the Bible and tell the Bible, “answer my question, Bible.” And I happened, actually, my wife and I together decided to look more closely at the Book of Genesis several years ago. It was actually after a health crisis. I know you had a health crisis. You ended up in the hospital unexpectedly. So did I. And I was laying in that hospital bed and I thought, OK, God, I think this is a good chance to get closer to you. And I was already a Christian, and I think I would have considered myself a serious Christian, and most people would have said the same thing. But maybe I need to get more serious. [00:04:10][48.5]

[00:04:11] And I thought, well, what’s God’s love language? Well, God’s love language is scripture, mostly Hebrew. So I said, okay, God, I think what you’re calling us to do is to get deeply into the scriptures. Let’s start from the beginning. So what my wife and I did is every night, my wife and I would read the creation account in the book of Genesis in Hebrew together, and we would do Genesis 1. And then, you know, that would take a couple of weeks. And then we go back to the beginning of 1:1 again. And then we’d go and when we that Chapter 2 the next time through and we just kept going until it was like Genesis 1 through 9. [00:04:49][38.3]

[00:04:51] And after about five years of that, an archbishop who had ordained me, who was also the chancellor of a university, asked me about my personal study. Jerry, what are you studying in your personal Bible study? And I told him about the Genesis work and he said, well, I think that’s a master’s degree or we call an STL. And if you enrolled and wrote an 80 page thesis on that, we think that could be a degree. Me being a deacon, him being an archbishop, I thought, I guess I better do this. So I did it. And it was 240 pages, not 80, spent about a year and a half on it. And so there’s a lot there. So I don’t really think we can cover the 240 pages, which are basically a commentary on Genesis 1 through 3 Hebrew text. But a lot of stuff jumps out in the Hebrew text and it’s really not about what we bring to it. And what most Christians bring to the text of Genesis is our fight with Darwinism. And we have a fight with Darwinism and it’s understandable why. So we want to know what can Genesis fit with an old earth or a young earth? [00:06:04][73.0]

[00:06:04] We’re bringing our questions to it. But God didn’t write Genesis 1 through 3 to refute Darwin. He wrote Genesis 1 through 3 to tell us something. So throughout we said, What are you telling us? In other words, we ask the Bible to tell us what questions it wants us to ask it rather than bringing our best questions. Two thousand years ago, the church fathers brought philosophical questions. Now evangelicals bring scientific questions. And we concluded that even though it has scientific or philosophical implications, it’s not mainly about that. And we said, OK, God, why did you write this to us? [00:06:43][39.1]

[00:06:44] What are the questions we’re supposed to be asking? And that’s the work on Genesis. So we stop there and see kind of where you want to go from there. Because it’s such a broad topic, it’s really kind of hard to know what part we should focus on. Yeah, we could go a thousand different ways there. [00:06:57][13.2]

Henry: [00:06:57] I’d love to talk about the difference between reading the Bible in Hebrew versus English and I would like to go in all that, but we probably can’t with this. What I’d like to go to specifically is as an investor and you speak a lot about investing, what does your reading of Genesis tell you about the way that you were to Steward Capital and to invest? How are you a better investor because you read through Genesis 1 through 3 exhaustively? [00:07:21][23.4]

[00:07:23] I wish exhaustively. I exhausted myself. But, you know, just as of yesterday, there’s something else that popped out at us. It’s really amazing. It’s probably the densest piece of writing in human history, except maybe some of the gospel accounts. All right. So what do I take away from that? I take away from that that this is a book about apprenticeship. God is the Emperor and Adam is the prince in waiting. And Adam was put in a garden to learn how God did things. And then at some point, when he was sufficiently apprenticed, he and his wife were to be given a ceremony, were to be given authority, and then sent out into the world to make the wilderness, the land like the garden. [00:08:05][41.6]

[00:08:06] So that this is basically the story of a dynasty. What’s called a co regency, where you have a senior king and a junior king or king in waiting who is watching and studying the ways of the palace so that someday he can rule together with his father, not replace like we have with human kingship ships, because the senior king, the emperor is eternal. But there was an under-agedness to Adam, which was not supposed to be permanent, and he was supposed to learn the ways of Elohim, learn the ways of God, and then go out and make the world that way. And the world was made to be remade, but the world wasn’t finished. The garden was finished. But the wilderness was not finished. The garden was the model. The world was the clay that Adam was supposed to shape to make it more like the garden. And he was supposed to learn wisdom through an apprentice model. [00:09:00][54.2]

[00:09:01] So the world was made to be changed. And it yields over and over again what has created created as Baraa and made as Osei. So you have Osei God made, and that’s similar to the word yield. Yield as an investment word. Well, the reason that we can have yield in investments is because yield is built into the creation. The creation is made to grow. When we interact with it and that growth or growth potential in the creation is the reason that yield is legitimate. Aristotle didn’t think interest rate or yield was legitimate because he thought it was sterile. Marx thought it wasn’t. A lot of medieval theologians didn’t because they saw a static universe. Pagan economics just basically saw the universe as static and whatever god there was as either stingy or uninvolved. [00:09:46][45.4]

[00:09:47] But we have a God who’s generous, and if God’s generous, then I can lend you money and you can make money and you can still pay me interest because it grew faster than the interest. A generous God is a God where investment is possible, where me getting a dividend or an interest payment or a capital gain is not at your expense. Cause there’s enough growth for the investi and the invest store to be partners with one another and grow together. Because the Hebrew universe is a seed in itself. Things multiplying universe, whereas the pagan universe is essentially a dead no growth universe. [00:10:23][35.8]

Henry: [00:10:25] So the first lesson from Genesis is that investments, looking to get a return on investments, is something that was part of the initial design. [00:10:32][7.2]

Jerry: [00:10:33] Yes, you can argue that God’s making of the garden is an investment. He expends labor to create a physical plant environment. In this case, the garden is basically a school. It’s job training for Adam and his wife to become, you know, the earthly king and queen of the universe. God spends of himself first to get a return later. So he himself is an investor. [00:11:01][27.9]

Henry: [00:11:03] OK, so things didn’t go where it was just this beautiful investment with just yield year in, year out the way that it might have been their fall happened. Presumably that impacted not only the Garden and Adam, of course, irreparably, forever, but it also included the type of investments that man then made from that point going forward. Talk about that. [00:11:25][22.4]

Jerry: [00:11:26] Yeah, well, God made an investment. And Adam and his wife were essentially the stewards, kind of the managers of that investment. And they ripped him off. And, you know, that’s a problem that comes down to us today. Economist call it agency risk. If I’m the owner and I put assets under your care. Are you gonna follow my interests? Or are you going to follow your own interests at my expense? Are you gonna give yourself an expensive corporate jet or engage in political virtue signaling or just mismanage or grow out of a psychological need rather than, you know what’s really wise or fail to grow, you know, whatever your thing is. Are you gonna be a self dealer or are you gonna be a faithful steward? [00:12:06][39.7]

[00:12:07] See, this idea of stewardship goes right back to Genesis. It’s not something introduced in Jesus’s parables. Jesus as parables are genesis based parables in many cases. It’s why there’s so agricultural. So God made an investment and the stewards of his investment essentially ripped him off. Now God came back in and rescued it, but he had to rescue it. And one of the ways he rescues it is in some sense by making it tougher on the stewards. The curses in Genesis after the fall tend to be weakening and confusion, curses, not just like punishment curses. So Adam’s strength was his work, but now he sweats, right? Adam’s strength again was his labor. He was supposed to conquer the world. You know, the wilderness. But now he gets thorns and thistles. The woman’s role was to help him in that and to help him. You know, one of the ways was bring children into the world, but that’s where it goes wrong. [00:13:03][55.9]

[00:13:03] So every place where the man and woman were strong, their strength was decreased a little bit. And so we live in that fallen world of we work and it’s hard and there’s sweat and we work and we intend one thing. But another thing comes out that’s thorns and thistles. We think we’re planting wheat. And what we end up getting is things that really don’t serve our purposes. So in addition to the challenges of being a faithful steward of God’s resources, which Adam had, we now have the additional challenges of not being able to be trusted completely with the power that man originally had and to have that power. In some ways, Kirst and turned down a little bit because if things were too easy, we’d have too much room to get into mischief. Human nature is such that we can’t be trusted with as much power as we’d like to be or even as we were before the fall. [00:13:58][54.7]

William: [00:13:59] It’s really interesting. Jerry, William here. I Love kind of going back through the word of God. I mean, we try to do that a lot here on the show because it does just reveal so much about God’s character, who he is and what he wants us to do with our resources and our capital. And I love how you’re kind of reframing maybe some common thoughts about a story, especially here, the creation story, and kind of bringing it back to, you know, what is the scripture actually tell us if we take away our world view that we’re bringing to it. And I’d love if you would maybe dove into, you know, a topic or two more. Another passage to a scripture where maybe you’ve heard it used for the faith driven investing movement where you think, you know, hey, not that people are going to go wrong here, but maybe they’re not seeing the full picture here of what God story is trying to tell us and how we should steward our resources. [00:14:47][48.2]

Jerry: [00:14:48] Well, yeah, I think that may be one of the things that we’re missing or gets too little emphasis is that the main purpose of mankind is to glorify God by filling the earth and subduing it. The main purpose of man is not avoiding sin. And I think the evangelical conversation in general, and that includes the evangelical financial conversation can easily fall into the idea that the Christian life is the life of sin avoidance. And you certainly are supposed to avoid sin. I mean, the very definition of something you should avoid and God did give a limit. God did say guard the garden. Adam failed to guard the garden. And the serpent came in and ruined everything. We can come back on that if we want. I don’t think the first sin was the eating of the fruit. I think the first sin was letting the serpent in. I’ll just put that there is a marker. You want to come back? You can or we can just kind of move on. [00:15:42][53.7]

[00:15:43] Adam’s job was primarily a positive one, which was fill the earth and subdue it. And however, Adam, I’ve got a restriction on you. There’s a tree you’re not supposed to eat from. But Adam’s main job was not to refrain from eating that tree. Adam’s main job was to fill the earth and subdue it and guard rails around that are one of the things you shouldn’t do is eat from that tree unless I tell you you can eat from it. And I think what happens is that we get focused on sin. And arguably it was in fact too much focus on sin that made the tree so appealing when we’re supposed be busy about the business of glorifying God. How do we glorify God? Well, how did he say to glorify him, fill the earth and subdue it? Exercise dominion over the birds. They are the fish of the sea and over the beasts of the field. That’s the job of humanity. And that’s largely what businesses. So that mandate is never removed. It’s never turned down. It’s never rescinded. It is, in fact, reaffirmed in Jesus the second Adam. And so that’s mainly our job as entrepreneurs and investors is to fulfill that. And yes, of course, along the lines, sin messes it up. So avoiding sin is ancillary to the main goal, which is glorifying God in this case through dominion over the earth, glorifying it. [00:17:07][83.9]

Henry: [00:17:08] So I love that from a couple of different angles. One is that a lot of times in our investment, we talk about sins that we see in our portfolio companies. In this one, I mean, we prefer sins of commission rather than sins of omission. We’d like to see leaders who will take action and error on that side. And I think it really comes to the subject really of taking risk. Since there is no specific example of exactly, here’s what you’re supposed to do next is not open, nor there’s some risk involved of going ahead and trying different things towards an end goal in mind. And yet we have to take risk. If we’re just focused on sin avoidance, then that’s almost a risk avoidance. Absolutely. Maybe I’m reading into it too much. [00:17:46][38.4]

Jerry: [00:17:46] Now, I know you’re not. That’s right. If we’re focused exclusively on sin avoidance, then what we will tend to do is we will get paralyzed. And I think this is part of the message in the gospels of the various paralytic that Jesus runs into, that a lot of society had become essentially paralyzed. I can’t touch anything. I can’t go anywhere. I can’t do anything. Everything is unclean. Everything is bad. Or if it’s not bad, it’s debatable. And the Pharisees just added rule on top of rule on top of rule. And it was never enough. And you’ve got one group of Pharisees who come along and at some commands and then other Pharisees come along and say those other Pharisees, they’re really soft on sin. Where the real pure ones. And then they add more and eventually you get the scenes. They have to completely withdraw from society. But even Knake Sin goes with them. You know, to the Kumaran community, right. Even though they’re basically hermits, they’re still sent in the world. And it’s a paralyzing thing. And Jesus comes along and just breaks all those barriers down. He’s touching unclean people. [00:18:46][60.2]

[00:18:47] Does he become unclean? No. They become clean. When Jesus touches a dead body, does Jesus become ceremonially unclean, like in the Torah? No. Why? Because the Torah was wrong? No. Because Jesus is contagious holiness. He’s contagious life. So he’s touching lepers and he’s touching women with a mission of blood. All this unclean stuff. And also morally unclean. He’s dealing with tax collectors. He’s dealing with prostitutes. And he’s getting criticized for it by the people who want to take no risks. So when in doubt, do nothing. Jesus is very active, taking all kinds of risks and getting criticized for it constantly. He is investing himself, even at the risk of being seen as being far too close to centers. [00:19:32][44.5]

Henry: [00:19:33] So this is fascinating. You’re heading right into a big, big, big topic that’s going on a feature of investing, which is how do we think about screens and negative screens? How do we think about companies that are doing things that would bother us as Christ followers? Maybe they’re involved in pornography, maybe they’re involved in tobacco. Think of the different things that would make us uncomfortable. And so on one hand, as someone who’s driven by their faith. You don’t want to presumably be a part of aiding and abetting somebody who’s a known distributor of pornography. And some people would say that’s what we do when we invest in a company that has that as a major part of their revenue. On the other part, you can see another angle, and I love to see just how you balance these two, which is if Jesus was out there talking to the prostitute into different people, tax collector and people who are thought of as unclean at the time, do we just run away from all those things? So how do we appropriately engage but without being in a spot which would make us fall into sin? So I think that everybody’s following what you’re saying. Make it real in the world of investing through this conversation about negative screens, please. [00:20:41][67.8]

Jerry: [00:20:42] Yeah. I’m happy to. But let me just kind of say that I’m happy to talk about that. But I do notice. I guess that’s the big topic, right? So we sort of have to talk about it. But I’m bothered that it’s the big topic because I don’t think it’s the big topic in scripture. I think it’s there, but it gets so much more conversation. The Bible does deal with these issues. The Pharisees criticizing Jesus. Then later, the Judy Isaiah’s and also some of the weaker brethren were concerned about meat being sacrificed to idols. Right. So you have those controversies. But those are almost side issues as Jesus goes about his business. And then later, as Paul and the apostles go about their business, their about their father’s business. Right. And then these issues come up and someone accuses them and then they answer and then they get back to their father’s business. So, I mean, in the providence of God, the evangelical conversation has largely been about sin screens, which I find unfortunate, but that is God’s providence. So we kind of have to work with that. So what I would say is, first of all, if something is not a faith, that sin. So the Bible is perfectly clear that if you think something is morally wrong, it violates your conscience. You’re not allowed to do it. So even though you have the freedom to eat meat sacrificed to idols, if you don’t know that you have that freedom, if you think that it’s wrong, maybe you’re a recent convert and you still have feelings of religious piety towards the false idols. When you eat meat sacrificed to idols, maybe it understand how much liberty you have in Christ. Maybe it’s a real stumbling block for you. Then you definitely should not eat. And screeners and financial advisers can help you with that. You know, you can tell them what you’re scruple is and they can say, OK, well, we’ve got a fund for that or even we can set up a separately managed account so you don’t have that. So I strongly affirm that people who have a conscience issue with a particular investment. [00:22:30][107.6]

[00:22:30] Nick Stonestreet, my friend likes to say, let’s say somebody who’s a child was killed by a drunk driver. They don’t want to invest in alcohol stocks. Honor that. They think it’s wrong. Honor that. And an adviser who helps them honor that is in my opinion doing righteous work that should be praised. But to go the extra step, which is to say that your social associations, which include your commercial associations, mean that the sins committed by someone with whom you are associated or dealing even with a financial tie become your sins too, that they you’re appropriating like you touch a dead body. And your ceremonially dead, I think, is not the teaching of the Bible. I think the biblical teaching is your sins or your sins. And if I associate if you’re doing some sin, Henry, and I know you are. Because we all are. If you’re doing some sin and I associate with you, your sin is in mine and my sin isn’t yours. And if you have business dealings with somebody, if you buy a product from a company and something company does something sinful, their sins aren’t your sin. Sin is not transferable along commercial associations. [00:23:44][74.0]

Henry: [00:23:46] But some people and I think you’re very right, when you started it, when we started going down this rabbit trail, you said, you know, do we really want to go there? And if we go there, is that the risk of consuming what a lot of people are talking about right now, and yet they’re missing a much bigger picture. I need to be very clear. I absolutely want to move on quickly from this to get onto the much bigger picture, because I think people are missing the positive aspects of how we might invest. I think that’s important. I do want to just ask you this question, those clarifying things, some people, listeners might think, well, is it different, though, when we’re investing in a company that’s about adult entertainment? Is some aspect of debt financing or equity financing actually helping them to accomplish a goal or a mission that is counterproductive to society in the first line of society? And therefore, while we’re not actually engaging in that pornography by investing in them, we’re participating. Is that a dynamic or if that’s too thorny, we can move on. We can go on to the positive side. [00:24:41][55.0]

Jerry: [00:24:41] But no, no. We can take it on. Like I say, I think that once we start with what are the limits and what am I allowed to do? We’ve already started the Pharisee’s conversation. OK. And that conversation already kind of arcs the Pharisees direction. And that’s why those are the kind of questions that came to Jesus. Generally, they didn’t come to Jesus with. I mean, there’s one who said, well, what’s the law and the prophets? And he said, while you’re close to the kingdom of God. With that answer. But generally it’s what are the limits? How much can you do on the Sabbath? Who can you touch? Who can you eat with? And I think if that is the starting point of our conversation. And let’s start off with hardest cases to find out whether there are any lines at all. Then we’re already staring at the tree of the knowledge of good and evil and saying, well, we can’t eat it. Can we touch it? Can we eat the other trees? We’re already starting. In my opinion, the conversation that then the Hosch wants to have, which is just how many commandments has God given you? And he seems to give you a lot of commandments and he seems to be a very restrictive God woman. [00:25:45][64.1]

[00:25:45] And she kind of goes along with it. She says, yes, we’re not allowed to eat, nor are we allowed to touch. So I’ll just put it this way. Where did Jesus put the limit? Who was Jesus unwilling to deal? With who was he unwilling to eat with? Who was he unwilling to have financial dealings with? He 8 with tax collectors and prostitutes. So where are tax collectors were so hated that. I mean, you think about ancient religious leaders. One thing religious leaders they like to do is they like to accept donations. Tax collectors were so hated that they were singled out as a group you couldn’t even take donations from. So religious leaders who live on donations like. Yeah, but not from tax collectors. And Jesus constantly ate with them. [00:26:31][45.2]

[00:26:31] Some of them are dependent, but there’s no sign they all repentant. They still ate. They bought him lunch over and over and over again. And in fact, Jesus, his critics even saw that. What did they call him, a glutton and a winebibber because he was living off of the ill gotten gains of the tax collectors. So I’ll just turn it back. Let’s look at the life of Jesus and let’s find out where Jesus put his the limits on his relationship. I’m not seeing it. He deals with the rich young ruler. Right. The rich young ruler is corrupt. You can read an essay I wrote about that. I don’t think he’s just greedy. I think he’s corrupt. [00:27:01][29.4]

[00:27:02] But who walks away? Does Jesus walk away or does the rich young ruler walk away? The rich young ruler walks away. Jesus was hanging in there. So when did we become the walkaway people? When did we become the first people to walk away? When did we become the people whose whole conversation is about? How long before we walk away from the Sanhedrin member or the tax collector or the center? No doubt there is some kind of limits and we can talk about limits. I think the limits are. Are you, in fact, yourself sinning? But let’s get rid of any idea that having lunch with Zacchaeus, the tax collector catered by Zacchaeus with his dirty money, didn’t make Jesus unclean. So let’s keep going back to the life of Jesus and see where he put the limits, not where I put the limits. It’s where he puts the limits. [00:27:51][49.5]

William: [00:27:52] That’s good. That’s good, Jerry. I want to switch out of a little bit and want to talk about that. I’ve heard you say before it’s similar lines, but now I’ve heard you talk about Jesus never gave instructions on where and how to invest. One of the most famous investing parables, the parable of the talents. People bring that up a lot in these talks when they talk about faith driven, investing in a love for you to give us a little bit of what your study has shown you about that passage and how that translates into the everyday investor and how they should think about how Jesus thinks about stewarding our money. [00:28:27][34.5]

Jerry: [00:28:28] Yeah, I’m happy to. But, you know, I hate to be this guy who’s always like critiquing the question because I love you guys. But I want to let the text tell me which questions to ask, not me. Say, what does this mean for investors? Right. And like so once we let the tech speak to us, once Jesus delivers his economic message to us, then we reflect on it. We chew on it like a cow chews on cud, and then we start applying it to our lives. So I don’t want to go so quick to how do we apply this? I think we pre apply. We don’t necessarily drink deeply and reflect over a long period and then apply. So I mean, it’s that’s part of the general conversation. What’s Jesus doing all this money stuff in the Bible? I mean, the Gospels have an enormous amount of material about money. [00:29:14][47.0]

[00:29:15] And the really weird thing is that Jesus, who’s supposed to be, according to a lot of the academic scholars, leading some kind of peasant revolt against business and against markets and all the rest of it seems to. Over and over again. Right. These little business stories, these little case studies, these parables in which the good guy is the investor and the unfaithful steward is the bad guy, a guy who’s leading a peasant revolt against private property. And, you know, kind of like Jesus as Che Guevara or Fidel Castro, which became very hip in the 70s and 80s. And academic theologian circles. The way they had to do that is by basically saying Jesus didn’t write those parables. They were added later. Well, you know, because Jesus couldn’t have known all this stuff about finance. So therefore, these aren’t from Jesus. Therefore, we can rescue Jesus, the revolutionary. Well, all right. That’s wrong on so many levels. First of all, Jesus was financially sophisticated. How do we know? Because he grew up in Nazareth. And Nazareth was a small town, but it was a suburb of a large town, which was the financial center of Galilee called Sulfurous. There we have. We’ve dug up the banks. Jesus would have grown up around financially sophisticated people. So these parables are not beyond his ability, beyond the ability of the Jesus that we thought. We know the archaeology. Mel tells us that Jesus would have been around finance a lot. And he’s telling stories in which the investor is generally the good guy. So I think that’s a big part of just approaching Jesus as old money and his Jesus holds money. Conversation number one, he knew what it was talking about. He wasn’t a country bumpkin. Number two, he seemed to have an investor’s point of view. Number three, related to this, the economy of Galilee was very different from the economy of Judea. Galilee was a very entrepreneurial economy. I’ve just I’ve I’ve read the archeological reports almost on a nightly basis. Almost every Galilee in town had several shops. You had builders, you know, like Joseph and son. You had industrial they stone jar masons at Cana. Wedding at Cana rings true to history because they did make stone jars. There you have industrial fishing going on, not subsistence fisherman Peter and James and John. This was an industry. So Jesus grew up in an entrepreneurial area. [00:31:26][130.7]

[00:31:27] Down in Judea, it’s very hierarchical, very old money, very politically connected. What we might call a crony economy. So here’s something important to remember. Jesus does not have a single confrontation over wealth with any wealthy individual in Galilee. Not one. Every single confrontation with wealthy individuals is geographically near Jerusalem, the political capital, and socially near in that the confrontations are with a rich young ruler. Senator Zacchaeus, the tax collector and the moneylenders who had a monopoly from Herod. So Jesus. Only makes financial critiques when he is in places where the economy is largely a top down extractive as opposed to an entrepreneurial economy, and he only does it with people who are members of the extractive class. [00:32:20][53.4]

Henry: [00:32:22] I follow that. This has been super helpful for me. And, you know, whenever we get ready to do this podcast, we come in with just a whole bunch of different questions we’ve been wanting to ask you for a while. And what you’ve done is you’ve changed the paradigm for me. And I hope that for a number of our listeners, which is what are the questions we should be asking and I want to get back into that. And before we go to wrap and I think Lord One, this will be first of many, many installments. I love the way you’ve been very thoughtful about all of this. And I know that you gonna be come out with a book, this simulator in the spring. There’s so much more we can revisit on this. But before William asked you the final question, we always asked our guests. I want to ask you, what’s another question that you see? Investors that endeavored to follow God was the question that they should be at. We know the questions are asking. Right. We’re just as Sally said now, you just grain all those different different types. Then what can I invest in? What I can invest in? And I think that you’ve put together a very good point about why those are the wrong questions. But I’m curious about what’s a question you see that investors should be asking but aren’t. And how does the text answer that question they should be asking but aren’t? [00:33:27][65.4]

Jerry: [00:33:28] Let me first mention the one that I want him to stop asking. You know, I used to be a Christian radio talk show host, so I kind of got a sense of how Christians thought. And we did, you know, shows on Christian entrepreneurship a lot. And a woman called in and she said, well, we’re entrepreneurs. My husband, I own a business. But for, you know, a year and a half, we wanted to be business owners, but we didn’t know whether we were allowed. So we talked to our pastor and we read books and we studied the scriptures to find out if we’re allowed to be entrepreneurs. And they ended up believing that they were allowed to be entrepreneurs and they became entrepreneurs. And I was glad they landed there, but my heart was broken by that conversation. So what I would say, I mean, I almost want to scream it from the rooftop. Stop asking potential Christian entrepreneurs. Stop asking the question. Am I allowed? That is so much the wrong question. I’m telling you right now, you are allowed you are encouraged to by the example of God himself, is the creator of the universe and Jesus who came from an entrepreneurial family and an entrepreneurial culture and start asking God, how should I do it? [00:34:40][71.5]

[00:34:40] How can I do it with excellence? How can I be the best? Oh, and along the way, God, please help me avoid sin. But how can I glorify you with excellence so that people say, look at the excellence of this person’s work and look at the wisdom they have. I want to talk to them and see where they get that wisdom from. Stop asking. Am I allowed? Stop starting off with what am I not allowed to do? And start asking God, what would you have me do? What is your command for something for me to do? Not focus on whether I’m allowed to be an entrepreneur at all. I took away from that conversation the idea that at least in the subculture of that particular Christian Christians had a year and a half disadvantage. They had a year and a half thinking about whether they’re allowed to move and innovate, which non-Christians didn’t have. I would rather we have a forward culture when it comes to entrepreneurs where we entrepreneur earlier and faster and it becomes part of our culture and entrepreneurial culture. And of course, don’t sin along the way. [00:35:39][59.0]

Henry: [00:35:40] OK, so that’s very helpful. I completely get it. I’m right with you. I see it all the time. So tell us, what does it look like? Where did the questions that we might be asking more generally of scripture that might lead us to being able to innovate and invest better and more quickly than rest of secular society because they’re looking in the wrong place and they’re asking the wrong question? [00:35:59][19.1]

Jerry: [00:36:01] Well, I’d say one of the things I would hearken back to a conversation you had with Trae Stephens and I look at the example of Peter Theil that the Christian philosophy of Renesmee rhade enabled that shop to have an advantage over others. They were able to set aside rivalry, what Gerard would call mimetic rivalry and ambition, and get through the tech burst at a time when others couldn’t get through the tech bearse because instead of trying to make their enemy lose, they tried to actually do something. So they had a positive goal and their goal was not mainly. [00:36:36][34.9]

[00:36:36] This is something Peter likes to say. You know, the goal is not to disrupt. The goal is to provide a good or a service in a profitable way. Now, if it disrupts, all right, so be it. You know, that’s in God’s providence. So I think if Christians start to follow the example of Jesus, I’m really key into Jesus. I don’t mean the word Jesus. I don’t mean say the name Jesus. And then recall all the sermons you’ve heard about Jesus where people hung their best thinking on that. You know, Jesus says Gandhi or Jesus as Che or Jesus as Confucius. Wait. We got all these Jesuses of our own making. I mean, actually reading the gospels carefully and just kind of get Jesus in your gut. I mean, that’s literally what we do in our Eucharist, right? I mean, theoretically or whatever, symbolically different conversation, but just begin to just think like Jesus and you will be a better entrepreneur because he was the most successful. I don’t want to, like degrade him by saying he’s much more. But he was he invested everything and he won everything. And entrepreneurs, in some sense, I don’t want to do the Jesus CEO thing because Jesus is bigger than any business enterprise. But risking, loving, risking, serving, being willing to lose it all is not something that Christians should maybe be skeptical about. It’s in the very nature of the Christian walk. And if we do that, we will in general be better entrepreneurs will be less afraid because we don’t love money and don’t worship it. We’re more able to risk it. [00:38:04][88.1]

William: [00:38:08] That’s a good word. And as we do come to a wrap, the center said, I would love to find out a little bit about where God has you. So you’ve taken us through an amazing journey of God, Scripture and his lessons. What does he have you chewing on right now? That maybe would be fun for our listeners to hear about. Oh, you mean like with a day job rather than this sort of thing, like the quantitative analysis kind of thing? Yeah. Well, or just in God’s word, right. I mean, something else that he’s kind of put on your heart, you spent so much time in Genesis, you got a book coming out just. Is there anything else that’s coming alive in a new way, maybe in your daily devotionals? [00:38:40][32.5]

Jerry: [00:38:42] Well, I’m continuing to find new stuff in Genesis that would kind of take a while to get us to the point where he could talk about it and certainly more and more about what we see with Jesus in the Gospels and how he’s interacting along economic lines and all of the rest of it. I mean, he really, really all the treasures of the wisdom of God were hidden in Jesus. And if we’d stop skimming over the details, the details matter, place names matter. It matters that Jesus was killed in Jerusalem, not Rome. It matters that Jesus ascended from Bethany, the house of the poor. And, you know, not from Jerusalem. It matters that he was born in Bethlehem. Not Jerusalem. The story of Jesus. If we really believe in the incarnation, we believe that all of the story of Jesus is for us. And what you’re going to find is every time he’s in a city and every time the Bible tells us the name of the city. And then you compare that to Jesus’s commentary there about wealth or about anything else. Jesus knew where he was. He wasn’t giving the standard stump speech or if he was, he was varying it from place to place. You know, you’ve got the Sermon on the Mount, Matthew. But then you have the sermon on the plane and Luke. And they’re different from one another. Right. So scholars say, oh, it’s a contradiction. Sermon on the plane is given to a Judean audience, much harder on wealth. All of these little details matter. And we’re so used to reading them spiritually, we skip right to spiritual. But Jesus didn’t come as a spirit. He came in flesh and blood. So we can’t skip just the spirit and skip over all the flesh and blood stuff we see Jesus doing. And, you know, we could spend hours and hours talking about how those details matter. But let me just convince you now, all of those details matter. There’s no unimportant parts of the gospels. And if something Jesus says doesn’t make sense to you. Or it’s weird to you as it is to me, the Bible isn’t weird. I’m weird. And the Bible will make sense to me when I stop being weird. And so we have to adjust our way of thinking to the Bible’s rather than our own. And please stop taking our best thinking. And sometimes it’s really good thinking and try to find a verse to hang it on rather than look at the context of the verse and let God give us his best thinking man. [00:40:52][130.6]

Henry: [00:40:53] So that’s very helpful. A big takeaway for me and hopefully the investors that are listening is how important it is that we don’t have the primary way that we engage in God’s word through somebody else who goes ahead, puts her own spin on it. One of the things that you’ve told me is that you don’t want it, not that you don’t listen to sermons in other pastors. I’m sure you do. And yet you wanted to go ahead and spend time in God’s word and you wanted to do it in the language in which was written and going in and asking God to speak to you through his word without being necessarily influenced by the questions of the day, whether it’s science. And we would have that one hundred years ago, or whether it’s negative screens now as a feature of an investor. [00:41:30][37.9]

Jerry: [00:41:31] Right. And let me make this clear. It’s not that I’m reading it alone, but what do I read? I read Josephus and others from Jesus’s time. I read the Roman historians. I read the rabbis at the time. If so, I don’t want to get stuck in modern evangelic. Sure I listen evangelical sermons, but I already think like an evangelical because I’ve been in evangelical for 35 years. I need to learn to think like a first century Jew. And that’s what we all need to start doing it for real. And once you do that, you will be amazed at how the storehouse, you know, how the treasure house, the thestories opens up to you. [00:42:03][31.7]

Henry: [00:42:03] There’s a book in there. There’s a podcast in there thinking like a first century Jew. I love that I would subscribe. There’s no doubt about it. We got a taste of it today on the podcast. I think it’s going to make us think differently about investing. I do absolutely know that. Jerry, I want to have you back. [00:42:17][13.8]

[00:42:17] I’m grateful for the time you spent with us. And yeah, I’m grateful. [00:42:20][2.9]

Jerry: [00:42:21] I’m grateful for you and for your mission and for what you’re doing in the world and as being a leader in this space. [00:42:21][0.0]

[2379.8]

SPECIAL EDITION – Playing for an Audience of One with Coach Scott Drew

subscribe to the podcast

What could Scott Drew, the Coach of Baylor Men’s Basketball have to do with investing? Well, we’re excited to announce that we’re launching a new initiative—The Faith Driven Athlete. Our passion is to show how God moves in all of our work, as entrepreneurs, investors, athletes and this is the next step in that.

We’re bringing you this special episode because, had it not been for COVID-19, this weekend would’ve been the start of the NCAA Final Four. And Baylor is one of the teams who likely would’ve been competing for a title. In our conversation, Scott Drew let us in on the challenges he faced early in his career, the faith that carried him through it all, and how he’s responding to life’s most recent curveball.

So if you enjoy this episode, be sure to subscribe to the Faith Driven Athlete podcast to hear from athletes like Kirk Cousins, Jeremy Lin, Adam LaRoche and more in the coming weeks. As always, thanks for listening…

Useful Links:

Scott Drew’s Long Journey to Success

FCA Recognizes Scott Drew with John Lotz Award

Scott Drew Remains Focused on Faith as Baylor Remains #1


Episode Transcript

Some listeners have found it helpful to have a transcription of the podcast. Transcription is done by an AI software. While technology is an incredible tool to automate this process, there will be misspellings and typos that might accompany it. Please keep that in mind as you work through it. The FDI movement is a volunteer-led movement, and if you’d like to contribute by editing future transcripts, please email us.

Henry Kaestner: [00:02:36] So welcome to the Faith Driven Athlete podcast. It is a super cool day for us here at the faith-driven media complex. And it’s because we’re releasing our first-ever Faith Driven Athlete podcast. And we’ve got an incredibly special guest, Scott Drew. Coach Drew is with us. Many of you know about the success of the Baylor basketball team. And Justin, who as many of you know, is the executive producer of Faith Driven Entrepreneur, and I were talking about the launch of Faith Driven Athlete. Justin, being a Baylor grad, was a strong advocate for Coach Drew coming on board. And while we’ve got a number of great commitments from some high profile athletes, Jeremy Lin and Adam Laroche, a whole bunch of great folks. It’s a special treat for us to start with Coach Drew, a great story. [00:03:19][43.5]

[00:03:20] Topping the news with a basketball team that has done so well. And we’re excited about the faith driven athlete and this particular interview because there’s so much overlap between what a coach looks like and what entrepreneurs look like and what they work on and what investors look at as we look to lead in the marketplace. So the faith driven athlete is going to be a stand-alone media product is going to have its own podcast. We have its own Web site. And yet there’s a lot of great parallels between what we also feel called to do, which is to minister, to faith driven entrepreneurs and faith driven investors. So welcome. We’re glad you’re here. Coach Drew, a special honor for us to have you on. And we’re hoping that as we just get started off, one of things we always like to do when we have people on our programs is to hear a bit of their background and some of their stories. So start us off with that, please. [00:04:07][46.7]

Scott Drew: [00:04:08] Well, I’ll tell you what. You’re the first ones to see this beard. All right. So I’ve never had a beard. Look. I’m one of those clean shaven guys. So being at home now and since I’m the PE teacher, we have three kids, a fifteen year old daughter and then two sons, twelve and nine. [00:04:24][15.9]

[00:04:25] So mom handles the home schooling online and then I’m in charge of PE. So they’re just about to finish this afternoon and then I get to go handle the PE classes with them. But what I actually did this is something that I’ll get in the history in a second. But what I decided was since I’m gonna be at home and on the phone a lot. Why not take advantage of this and make the most of it? So what you see is you see the t shirt. So what I’ve actually done is if I would be on the phone for six hours, I might as well be on the elliptical or a treadmill or walking around the block and killing two birds with one stone. So that’s what I’ve done, along with being a PE teacher. The one thing I know, investing wise, probably after this time, most people will say if teachers want to raise, everybody will be in favor of that because think everyone sees just how difficult their job is. But it’s been a blessing to spend time with the family. [00:05:11][46.1]

[00:05:12] As far as my family history goes grew up in a basketball family. My dad got inducted this past year into the Basketball Hall of Fame. He’s a great coach, a great mentor, but most of all, he’s a better dad and he’s the one that head of the household. And at an early age, it’s great to be in sports, but just like investing and just like coaching. The only thing that really matters is winning the game a life and that is making sure we’re all in heaven one day and taking as many people with us as possible. So this has been an opportunity where I’ve been able to coach with my dad and he’s been able to mentor me. And then I’ve been able to run my own program and my brother’s been able to work with my dad and then run his own program. And from that, it’s really what our staff says. It’s a ministry and basketball is the carrot and we get a chance to impact people’s lives. And Baylor University, it’s the largest Baptist school in the nation and preparing champions for life. It’s not just athletics. It’s also character. It’s spiritual and it’s academic. And we’re blessed to have an athletic director in the present that cares about the total being of our students and want us to have an impact in all four areas. And that kind of gives you a brush over my history. And then we can get in depth if you want to talk about our basketball program or what we do spiritually with our guys. I will tell you this, and that is hopefully after this podcast, we don’t ruin it where no one comes back on it. All right. So I know one thing. We start every staff meeting in prayer, and it was great starting in prayer with this group because hopefully we can be a positive influence being able to share some of the things of how God’s impacted our lives. [00:06:43][90.7]

Justin Forman: [00:06:44] Indeed, coach, I will lay my cards on the table here early, graduated from Baylor the year that you came to Waco. Many people have come to know Baylor recently for so much of the success that few can appreciate the mountain of challenges that you faced when you first arrived. Prior to your arrival, there were infractions that led to most of the team transferring. You were even allowed to play non-conference games and had to watch as the season started for everybody else. Could you go back for us for a minute? What were some of the beginning steps towards really changing the culture? And when did you feel like it started turning around? [00:07:18][34.3]

Scott Drew: [00:07:19] Well, that’s a great question from the standpoint. I think if you look at starting a new company, that’s basically what we did was rebuild a program from the ground up, because I can’t remember any other program where you come into it. And we had basically between five and seven scholarship players in that first year. [00:07:37][17.7]

[00:07:38] And most of our team were walk ons and you might have come to tryouts and I’m sorry if it didn’t work out for you, but it actually was a great, great blessing for so many, because not only could you walk on the team, but you actually had a chance to play. So it was a great deal for any college student, because over half our team will walk on that year. [00:07:55][17.2]

[00:07:56] So the first thing we did was we looked all throughout the campus and tried to see if there was anybody over six foot three that could play basketball. And then the second thing is we had a big walkon tryout announcement, and we were so pleasantly surprised to walk into the gym. And we see a bunch of people that we hadn’t seen around campus and a bunch of good looking athletes. And we call everyone over and we say, okay, what year are you at? They were what’s your major? Where do you live? And at that point, a couple of hands went up and said, well, coach, I’m from Dallas. [00:08:23][27.4]

[00:08:24] And I thought I could just tryout for the team while I’m from Waco. I just thought I could try to figure out from a junior college. I thought I could just try out what we actually have to go to school. So we think we lost a bunch of the 6-3 and above walk ons. [00:08:36][12.2]

[00:08:37] And then we were able to put the team together for that first year. And really, what a blessing that year to win three conference games when most people would’ve thought that we were going to win zero. And then the next year, we were able to start to recruit scholarship players. And it was actually the third year what you talked about, where we weren’t able to have a non-conference. And that was probably the most difficult of all the years. You’re three into the rebuild from the standpoint. [00:09:02][25.2]

[00:09:03] Every other team starts playing games and your team practices all the way into January. And then when you finally start playing games, you’re so far behind everybody else. It’s kind of like everybody has Spanish one, Spanish two, and now they’re on Spanish three. And you’re just entering the class and you’re like, wait a minute. Or if you use the analogy in Texas, you know, we drive seventy five on a highway. So you’re on a highway going seventy five and then people getting on the ramp are going 40, 50, 60, 70, 80 and trying to catch up. So I say all that to say. We waited all this time, we practiced all this amount. And then we start playing games and we’re so far behind, we start losing it. Was it fun? It was an enjoyable. But we did finish the year on a high note. We were able to win some games and get some momentum, which led to us eventually getting into the NCAA tournament. [00:09:50][47.0]

[00:09:51] Believe is Year 5, 2007 2008 around that area. When you’ve been in the school for this is going on, you’re 18 now. All the memories kind of go together. But what I know is really important and really critical with this is I prayed about coming to Baylor. I felt led to be here. We had a great staff and we were able to each and every day grow closer to God through the trials and tribulations of building a program and then be able to see the impact with a lot of those players still coming to games, still ask us questions about it, might be marital advice, family advice, spiritual advice. And to be able to have such an impact on their lives or be able to have an impact on their lives. And now to see the success of our program and then feel a part of it for what they helped start. That’s probably the most rewarding thing and really blessed with the early years, even though we didn’t get a lot of wins. Those guys help laid the foundation for what transpired. And now probably you might know this. But in the last 12 years and now since season’s over the last 13 years were one of only a few power, five schools to win 18 or more games. The others being Duke, Kansas, Kentucky, Michigan State and Baylor. And that’s great consistency. And we owe all that to the players that began. It went through the tough times that allowed us to get where we’re at now. [00:11:15][83.8]

Justin Forman: [00:11:16] That’s great. You know, one of the guys that we just recently had on the related Faith Driven Entrepreneur podcast was Pat Lencioni, always encouraged and challenged by some of the things he talks about. One of his books, Ideal Team Player, just talks about what are some of the key characteristics and culture when you talk about that process of shaping men and young men just through that turnaround. What were some of the ideal characteristics that you would say that you saw in your teams, but also that entrepreneurs can be looking for in their teams as well as they’re listening to this? There are some of those, you know, ideal characteristics for building that new team. [00:11:51][35.1]

Scott Drew: [00:11:52] Great question. And that’s one thing that’s never changed since day one. We wanted to recruit people of high character, people that were great teammates. They were humble, hard working, blue collar type athletes that wanted to gross. Virtually academically and also in basketball and character wise, so for us that that’s never really changed. Would I’ve always done with that is. Coaches are only as good as the players and their staff. So I’ve been able to learn from our players. I’ve also been able to learn from our staff. And that’s why you always want to surround yourself with people that make you better and fill areas that you might not be as strong in. And that’s where each and every year. If you look at our team, probably the best thing that we ever do is we have a chapel service on days of the game and on the road. It’s our assistant coaches lead it on home games. It’s Pastor Mark Wible. A local pastor leads it. And those are times where spiritually we’re really able to have an impact on our guys and the coaches and Pastor Wible have an impact on all of us. And that’s one of the toughest things with not having a march right now is normally that’s during your most stressful times. That’s when you you lean on God the most and that’s when you grow the most. And missing that time is something that I know I miss as far as early on. I think any investor in business, everybody can relate to this. And that is with us. We practice real hard. You work really hard and your paycheck is the win. And what I mean by that is everything you’re doing is geared and the payoff is getting the profit of wins. And same thing in a business you spend all this time and effort. But if you’re losing money, that doesn’t give you the positive reinforcement you’re looking for. So it’s even harder to have an impact in people’s lives during that time. And that’s why with us, I mean, especially early on, when you only win in a handful of games and our players weren’t getting the praise or the affirmation from the wins that you normally get in sports. It was really important to make sure spiritually they knew just how proud God was them and our coaching staff was them and how at the end of the day, we want to control what we can control and keep improving and getting better. And eventually we’ll get to where we’re gonna be successful and the wins and loss column as well. [00:14:03][130.7]

Justin Forman: [00:14:03] That’s great. Thanks for sharing that. You know I’m gonna hold back a little bit to something you were alluding to and I think Henry was talking about earlier. You know, I’ve seen you celebrate professions of faith as big as you do, some of the biggest wins in your career. And it’s fun to see recently a post about, you know, one of the standouts in this year’s team, Mark Vital, getting baptized recently. If he could just keep riffing on this for a little bit, what does it look like to walk out your faith in a place like Baylor? What are some of the things that makes senior day different than some of the things you need? [00:14:33][29.5]

Scott Drew: [00:14:34] Well, I think the best thing is coaches always steal great ideas from other coaches. And there’s a book by Pete Carroll said that the smart take from the strong. And one thing that different ideas, different podcasts, just everywhere. Any good ideas that can help benefit our program and our young people we want to incorporate and just being at Baylor and having an athletic director and a president that wants you to have an impact, it makes it even easier to do that. But some things that we do that are different maybe at some places is like a practice. We have a no cussing policy. And if you cuss you got push ups, you run lines and that’s reproaches for players. And none of us are perfect. We know we’re saved by grace and we all sinned. But at the end of the day, we have a lot of young people that come to practices games. You have a lot of young people there. And we want to be positive role models and influences for them. We begin every practice and every practice in prayer. Our chapel services, we have voluntary Bible studies for guys. So it’s something where as a staff, when I meet with their staff, we usually we try to begin every meeting in prayer and we have a coaches Bible study and iron sharpens iron. And that’s where I’m able to grow. And I’ve been blessed to surround myself with some people that are great coaches. But I tell you what, they might be better ministers and they are even coaches in a lot of our coaches have had ministry backgrounds. So one was a youth ministry for eight years. Another one’s dad was a pastor and another one’s family was in the ministry. And again, I think that’s how I’ve been able to just grow as a coach and spiritually be able to each and every day by being around our staff, hopefully be able to improve. And with that, with our players, it’s just our culture. That’s part of what we do. And some years we had as many as six or seven guys baptized in a year this year. Mark Vital was baptized. And to see the players rally around that and support that and be excited for that. And at the end of the day, that’s really the only winning that matters. And I know it’s a little different right now of all of us spending time at home with our families. And I think it’s a blessing to be able to do that because coaches, we spend so much time with our other kids and that’s 18 or 22 year olds that we’re with every day, that sometimes that’s what we miss out as an opportunity to be around our kids as much as we are now. And that’s where we’re all blessed. If you’re a successful coach, that means you have a great wife at home that’s doing a great job helping raise your young kids. And now we’re all having a chance to spend some more time at home and do that as well. But it’s also a time to sharpen our axes. And what that means is there’s great podcasters, great books to read. And some different things that we have an opportunity to all do that. Normally when you rip in and run and you might not have a chance to do that. [00:17:13][158.8]

Jason Romano: [00:17:14] Coach, I want to ask you, obviously, you’ve alluded just a few times that you’re now home and it’s a little bit different march than maybe you’ve ever experienced. We’re taping this. Just to give some context for our audience in late March of twenty twenty and we’re all going through this crazy time with the Corona virus and the pandemic. And obviously our hearts go out to everyone who’s trying to recover from that and going through this difficult time in this tragedy and affected by it. But I want to ask you about specifically your situation. This was one of those unique years that you could sense. Maybe this is the year for Baylor with a 23 game winning streak. Twenty six and four on the year. And all of a sudden it’s just gone. The tournament is canceled and there is no basketball. Can you take us back to when you found out that news and kind of how you processed it? [00:17:59][45.3]

Scott Drew: [00:18:00] Well, this is where our players, what they spend all their life for as far as their college experiences, the NCAA tournament, having a chance to play in the NCAA tournament and make your name for your university and yourself in the NCAA tournament, then getting bigger in March for us. And this is probably the first time school’s history would have been a number one seed, because that’s what everybody projected us. And we had so many accomplishments this year, setting a big twelve record with twenty three straight wins in a row. And that’s a record that I don’t know if we’ll be broken any time soon because the record we broke was Kansas is that was then I think in 96, 97, and it’s so hard to win games and stringing together with the parody of college basketball. But we’re also ranked number one longer than anyone since 2015 with Kentucky. [00:18:44][43.3]

[00:18:44] And that was all geared up to. OK, what can we do in the big twelve tournament? What can we do in the NCAA tournament? Because those are your biggest goals and we’re at the big twelve tournament. [00:18:53][8.8]

[00:18:54] We’re getting ready to prepare to play Kansas State. And next thing we know is instead of going to shootaround, we call the guys together and say the big twelve tournament’s just been canceled and right away started talking about this is what we’re going to do. We’re going to meet at 6:00, we’re going to go home. And then one of the players asked, well, wait a minute, we had two what it was like. It didn’t really sink in. Yeah, the big twelve tournaments canceled. We’re not going to play. We’re going home. They’re not going to make it up. And then everybody kind of went their own separate ways. And couple hours later, we find out that the NCAA tournament is canceled and we bring the guys together. And normally in sports, the last game in a year. Coaches always want to thank the seniors for the contributions and what they meant to your program. And I want to make sure we did that as well, because when you get back to campus, a lot of times people go their separate ways. It’s hard to get together. And we started to do that. One of our seniors right away said, coach, coach, coach, let’s talk about all the blessings we had. [00:19:48][53.8]

[00:19:48] Let’s talk about the twenty three game win streak. Let’s talk about being ranked number one. Let’s talk about this, this, this. [00:19:53][4.6]

[00:19:53] We went to Italy as a team and right away that kind of summed up our team. We had a bunch of guys that really love to spend time together. They love to work really hard every game they brought it, but they really played for each other. And in coaching, we say, if you like who you’re with, you fight form a lot harder. And I know our guys really enjoyed one another and had a great attitude. But probably the thing I was most pleased with with our group was that we’d been ranked number one back in 2016 2017 and lasted only one week. This time when we were ranked number one, it went five weeks and again went longer than anyone since 2015 with Kentucky. And so, so pleased and impressed with how our players handled the attention in the platform. And one thing we always say is we don’t play with joy and that’s Jesus, others yourself. And during all the interviews, just seeing how our players would give the honor and glory to God and then to their teammates and not make it about themselves was just encouraging, really uplifting. And hopefully for those that listen or great role models for a lot of young people out there, because that’s what sports is really about. And then at the end of the day, the people that get that, it’s very similar to successful companies. I have a lot of Christian business owners. And for instance, during this time, those owners or how can I take care of the needs of my employees? How can I help them that people that I know that aren’t necessarily Christian business owners, it’s more about their profit and themselves. And it’s so refreshing to see great Christian business owners that want to make sure their employees are taken care of. And at the end of the day, that’s that’s what matters is helping others. [00:21:31][98.2]

Jason Romano: [00:21:32] And yet there’s still disappointment and there’s still you know, you have to allow yourself to have those emotions that are just like, man, if we just have the shot. Take us back to where you were kind of processing this yourself before you tell your team, because it sounds like what you just described. Your team handled it pretty well, but you have to imagine that was hard for you. [00:21:51][18.8]

Scott Drew: [00:21:51] Yeah, well, the first thing is after the big twelve tournament was canceled, I’m a guy. I got to be doing something. And right away, I was talking with several of the other college coaches and some of the bigger name, more successful coaches. [00:22:04][12.5]

[00:22:04] What do we do with the NCAA tournament? Can we postpone it? What ideas, suggestions can we to maybe help salvage this? And then the announcement came down that we weren’t going to have it. [00:22:14][10.0]

[00:22:14] And right away. My shift in focus was on the players and after they lifted, my spirits went back to the room. And then when you’re packing and then when you first get home, that’s when it really hits you. The next day. [00:22:28][13.1]

[00:22:30] Some of us are a glass half full kind of people, and that’s how I am and probably get that from my dad. And so the next day I moved on to how can we help? Can we get a fifth year for our seniors? How can we help them with their careers? [00:22:42][12.8]

[00:22:43] And then right away, we had to find out, do we get our players home? Do we keep them on campus? Because everything was shifting as far as how the rest of the semester would turn out. And really, after that, I was good with it. [00:22:53][9.7]

[00:22:53] And when I mean, good with it is God always has a plan. And let’s focus. We say control what we can control. [00:22:58][4.7]

[00:22:59] We’re not going back and changing and bringing the tournament back, although our players did tell me to make sure the NCAA knew if they ever want to have it in August or June or July, we’ll be there. All right. [00:23:08][9.4]

[00:23:08] But besides that, it was really focusing on the future and how we could help. And again, that’s where you get your greatest reward. I mean, Christmas time, it’s not the gifts you get. It’s the presents you give. And seeing the excitement and joy on other people’s faces when you’re able to bring them joy. [00:23:24][15.6]

Jason Romano: [00:23:25] One more for me, coach. I want to ask you about playing for an audience of one. And I know not only you, but your players say things like that a lot in the post-game interviews. You’ve alluded to that and living for a greater purpose. But this weekend, as we’re kind of taping, this could be a time where you could be playing for a final four berth and yet you’re not. So what is that phrase playing for an audience of one mean to you and your team maybe right now? It certainly looks a little different than maybe it would have if you were playing well. [00:23:52][27.5]

Scott Drew: [00:23:53] The first thing is since the tournament was canceled, we decided that we would’ve probably won it. So we’re good with knowing that they would have tournament. We would’ve probably won. The good thing is there’s 68 other teams saying the same thing. So a lot of national champions this year. But one thing is, again, for me, I was blessed to coach on a couple of athletes in action tours. [00:24:11][18.8]

[00:24:12] And at that point, really some of the playing for an audience of one hit home with me and with our players. At the end of the day, if we’re playing for God and we’re doing everything we can to bring him honor and glory, then everything else will take care of itself. [00:24:25][13.5]

[00:24:26] And we have a lot of spiritually strong guys on the team. We have some guys on the team that the relationships are growing or hopefully everyone’s are growing, but have grown over this past year. And I know as a coach there’s nothing more exciting for me when you see a player get baptized or you see them take the relationship to another level. We had one player that accepted Christ as they were and then turned around and led some Bible studies with his junior national team and just seeing how his transformation, how God was working through him. I mean, at the end of the day, when we get to heaven and we see all the people up there that we’re blessed to have a chance to have an impact with, I think that that’ll be the real winning coach. [00:25:08][41.3]

Henry Kaestner: [00:25:08] I’m just I’m incredibly impressed by the way that you’ve processed all the things that have happened this year, the way you’ve led the results that you’ve had and also your commitment to your faith and your openness and sharing that not just on a feature of an athlete podcast where you’d expect you would, but in mainstream media as well. It’s just a great encouragement for me. And when I do, one of the things we do when we close out any interview that we do with a business leader, an investor or across any of our properties is we want to ask them what they’re hearing from God through their time in the Bible. And it doesn’t need to be this morning necessarily could be over the last week or in the last month. But is there something that right now that you feel that God is showing you through time in his word? [00:25:48][39.9]

Scott Drew: [00:25:50] Well, actually, we’re starting every morning with a family devotional. And my wife. [00:25:56][6.0]

[00:25:56] She’s a technology person. So we’re able to use some different things on TV with that. But it’s amazing how a lot of times as coaches, we’re trying to always impact 18 to 22 year olds. And then just to see the difference of spiritually trying to I don’t know how to say dumb it down, but how to be able to influence a seven year old or a 6 year old or an 8 or 9 or 10. [00:26:19][22.8]

[00:26:20] So anyway, that’s really been my change or my focus because this is really a blessing when this is over. Hopefully everyone chooses to make the most of this time. And we have a great impact opportunity with our young people where maybe we don’t always are around for a chance to give them devotionals in the morning because normally they’re going their separate ways. So I don’t know if I’m answering your question, but what I’m searching for now and in the Bible, what I don’t know if it’s something that God speaking as far as through his word. But right now, what I’m hoping and praying for is that I can continue during this time where we can look back and spiritually the last two or three weeks at home or a month or whatever it is, we’ve been able to have an influence and impact on our children that normally we wouldn’t be able to. And what I mean by that is normally, you know, you’re getting up late Russian for school. And some people do devotions on the morning before school to have our kids go to a Christian school and they get out in the morning. But this is my prayer is at the end of the next two, three or four weeks, however long we’re at home, that’s what we’ve been able to do with our kids. And trying to find different ways to reach them and impact them, I think is an area that I’m. Focusing on right now. So, again, I don’t know if it’s through the word right now. And one thing I try to do is this is right, wrong and different. Everyone has different ways reading the Bible and I try to take two chapters a night and go through it. But right now, that’s if if we could look back at this time, I think I told my staff we can really have an impact on our kids because with our coaching profession and maybe some business owners that are gone and working 18 hours a day or 16 hours a day, our kids are going to see us more in this short period of time than they would any other time besides the family vacation. [00:28:01][101.0]

[00:28:01] And I think we can really have an impact. [00:28:03][1.4]

Henry Kaestner: [00:28:05] We absolutely can. I’m left with this impression about how much joy that you have. I’m so grateful that you would come on board. Of course, all the things that have happened that have negatively impacted sports has allowed us to have you as a guest. But the illustration of this, the image that I’ve got in my mind is you being this PE coach to these three kids instead of being in front of millions of fans on CBS and all the lights and all that stuff. And yet I get a sense that you’re leaning into that and that opportunity just as much as you lean into the other one. So that’s a great encouragement. I’ve got three kids, too. So thank you for that. Thank you for your time and sharing your story. May God bless you. And Baylor basketball. [00:28:43][38.8]

Scott Drew: [00:28:45] Well, and thank you for what you do with this podcast. And the last shout out I will leave is for all the teachers out there. We love you. [00:28:45][0.0]

Episode 4 – How Faith Conversations Strengthen the Culture and Value of Companies with Christeen Rico

subscribe to the podcast

Faith-Based Employee Resource Groups. This term may be new to you, or it may be something you’re already participating in. Either way, this episode is for you. Christeen Rico is leading the conversation around ERGs, and what she shared in our conversation was both informative and insightful.

If you don’t know, ERGs are groups within companies that foster community and conversation among like-minded people. Companies like Apple, Google, Facebook, Toyota, and many more are creating these types of groups, so we’re grateful that Christeen dropped by to give us the inside scoop. 

If you’re an entrepreneur looking for ways to foster faith-based conversations within your business, Christeen will tell you exactly what it takes to form these groups. Or, if you’re an investor looking to get involved with companies that already have ERGs, Christeen will help you understand why these groups are important and how they add value.

Apart from that, Christeen was also a fun person to spend time with, and we think you’ll find this episode one worth listening to. Enjoy!

Useful Links:

Christeen Rico LinkedIn

Companies with Employee Resource Groups

Work and Faith Workshop

Faith and Work Movement