Quote of the Week: Warren Buffet

10 03 2009

“The people that behaved well are no doubt going to find themselves taking care of the people who didn’t behave well,” Warren Buffett

In an interview the other day, he stated the the economy has fallen off the cliff and we are in what he envisioned was the worst case scenario for the country…nothing new, except for this little quote halfway through the article.

What do you think?

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9 responses

10 03 2009
Dev

Mr. Buffet is God!!!
Whatever he says, must be right…isn’t it?? 🙂

10 03 2009
Marie

This is how I feel in my own life, I have always taken the “safe” path, getting good grades, not partying every weekend and had to care for and give support who did whatever they wanted. How frustrating!

To me, there are two types of irresponible people who have screwed up society. The rich (i.e. big corporation CEO’s who get million dollar bonuses) who spend money like water with no concern for others who struggle legitimately and those on welfare who do nothing for themselves (not all on welfare, to be clear). Both think that in an “emergency”, someone else will take care of it and they can wash their hands. Then, all of us who fight for every penny and work hard for it end up losing, be it from the inability to get a mortgage, to unemployment, to higher taxes. Instead we should all be working together and lifting one another up in times of need. The more you give out, the more you get back.

18 03 2009
Tim Kade

Marie ,
I would probably add to your two group one more – those in the middle class who wanted everything now…a new house beyond their income bracket, two new car, leases, and everything on credit, etc. We often want it all now. Even if a morgage representative said they should get this Adjustable Rate Morgage on a house they couldn’t can’t afford, doesn’t mean they should get it.

Although we are tempted not help someone whose personal financial decisions have hurt themselves, I think our motivation is Christ. He gave and continues to give freely to us even when we didn’t deserve it. In response to that outpouring in our lives, we are called by Him to give to others.

7 05 2009
Sue Schmidt

Under a Communist system, those who are productive financially (i.e. working, living responsibly, not slaves to debt, not making risky investments) must provide for those who are not.

Karl Marx’s Communist Manifesto states, “From each according to his abilities, to each according to his needs.” Mr. Buffet’s quote explains this very principle. The Congress of our so-called Republic is bailing out all the folks/companies who are failing because of mistakes and risky investing and the productive folks will have to pay the tab. And I completely understand that we are called to help those in need. But Jesus never asked this of government. He asked it of people — to give freely out of love. Government takes by force and that is not Christian charity. God also allows people to suffer the consequences of their mistakes for their own benefit. So a government bailout is really an enabling tool rather than an improvement tool.

I like the theme of Tim’s next sermon series as I think it hits the “core” of what we are really fighting. Communism is after all rooted in atheistic belief which is in direct opposition to the freedom of the Gospel.

8 05 2009
Tim Kade

Sue,
Your a deep thinker. I think Buffet was thinking on the individual or community level, but I agree with you on the macro level. Mediocrity becomes the norm and personal responsibility is downplayed. Two verses from Scripture came to mind about the individual accountablity and joy of work…

2 Thessalonians 3:10 “For even when we were with you, we gave you this rule: ‘If a man will not work, he shall not eat.'” and
Ecclesiastes 8:15 “So I commend the enjoyment of life, because nothing is better for a man under the sun than to eat and drink and be glad. Then joy will accompany him in his work all the days of the life God has given him under the sun.”

I’m a firm believer in a hand up, more than a hand out. What do you think?

8 05 2009
Sue Schmidt

Tim,

I agree with you completely and I think the scripture you have noted shows perfectly that the Lord is not an enabler. I don’t know, however, if our current problem is so much people not working as it is people who have largely lived beyond their means (as you previously mentioned). Government also doesn’t know how to live within its means and unfortunately “hand outs” are being showered on banks and businesses via our future tax dollars. Debt seems to be enabled in this case.

It should also be noted that many folks needing a “hand up” now are really hard working people. The tragedy of our current situation is that many people who have “behaved well” will suffer through job losses and pay cuts due to the mistakes of those who didn’t “behave well.” A quote from Winston Churchill comes to my mind, “The inherent virtue of socialism is the equal sharing of misery.”

May I ask you a question? Do you think that the root of the problem could be that America has abandoned the Bible’s teachings on money and debt? If so, would you consider doing a sermon series on this topic? Restoration comes from the ground up, in my opinion. Or maybe I should say from the church up.

13 05 2009
Tim Kade

Sue,
Your question is a great one. I think sometimes as Christians we look for a simple answers to explain complex consequences…Christian leaders say things like “these problems started when they took prayer out of schools,” or “if people would again follow God’s ways” or “back when we were a Christian nation”…those kind of statements preach well to the masses of Christians, but often don’t answer the questions and often turn God’s sovereignty into a formula. If we (or the country) would just do THIS or THAT, then things would be different for us and in our country. We obey and good stuff happens to us. We sin and bad things will happen. When we do that, we create a God that we control. The hard reality is you can do everything with Godly integrity, serve people with your life, and passionately love God with all your heart AND still face tragedy and major suffering (job, heath, etc). We still follow a leader who lived a perfect life which ended in death.

I really agree with you about restoration. There are natural consequences to sin, but God’s grace is always restoring broken people and broken churches. I think that in our desire for more, individuals in the US went into major debt which has ended up hurting everyone. Proverbs 22:7 says “The rich rule over the poor, and the borrower is servant to the lender.” We have become slaves to our stuff, which has distracted us from living and using the resources God has given us for His glory.

Just before you started coming, we did a series called “Mind Your Own Business” where I talked about getting out of debt, God’s plan for your money, saving, etc. It’s one we need to do again, but until then I think we have CDs in a cabinet.

15 05 2009
Sue Schmidt

I would love to get those CDs. I have been reading more and more of Christian families living completely debt free. Mortgages are so common, I have always just assumed it was OK to have one. Does Scripture allow such a thing — regardless of size? That is what I want to find out. The Lord always calls us to do more examination inward than outward. I have to clean up my own house first, so to speak.

15 05 2009
Tim Kade

Sue, I think Scripture allows it, but it is a good goal… to live debt free, to be content with God’s given you, to guard you heart from greed and be a wise steward of what God’s given you. When someone makes a statement that says “it’s unscriptural to have ANY debt,” I remind them that 80 years ago, many Christians believed it was unscriptural to have heath insurance. It was said to show lack of faith and trust in God to take care of you.

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