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Acting on trust
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We all have to trust one another. That is to say, we are put in a position of having to trust one another just in order to live.
I think of it most acutely when I get on an airplane, though it’s always true. As I buckle in and hear the engines rev, I always wonder about the mechanic who serviced the aircraft — perhaps on a Monday morning, with a hangover, after an unfinished argument with the wife, or harboring a grievance with the airline.
I have no choice; I need to get to
Not just individuals but corporate entities have to do some trusting. One of
Our own banks, which borrow as much as 90% of every dollar they invest, trust that the borrowed money is good. At least they used to.
Some acts of trust are based on better assumptions than others — but all trust is based on assumptions. Till recently banks’ assumptions were that housing prices would keep rising, and that computer-generated evaluations of the markets were infallible.
My own personal assumption is that the God of the Bible backs up his Word.
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One more diversion
An interesting trading strategy!
What kind of people are you trusting?
Proverbs 13:20
“He who walks with the wise grows wise, but a companion of fools suffers harm.
companion– “one who grazes in the same pasture”
fool–”those who are stubborn, dull, arrogant.”
harm–destroyed
Proverbs 27:3
“Stone is heavy and sand a burden, but a provovation by a fool is heavier than both.”
“Trust in the LORD with all your heart,
And lean not on your own understanding;
In all your ways acknowledge Him,
And He shall direct your paths.”
Prov. 3:5&6
I hardly think that being forced to trust others because things are out of your personal control, like mechanics for a plane, could be construed as trust. You are depending on them instead. Since you can’t trust them you assume risk. Risk is what rewards you. Sometimes it rewards with life and sometimes it rewards ou with death.
“One of France’s largest banks, Société Général, trusted a 31-year-old trader and he cost them $7.2 billion for their confidence a month ago.”
“Not Bad.”
- Nick Leeson
Andree makes a decent point at the start of the essay: That is to say, we are put in a position of having to trust one another just in order to live.
If a person thinks long enough, they realize that we cannot “do this life thing” alone. We rely on people, but really rely on God’s Word to sustain our existence…..or we should, anyway.