Recently the Sydney Anglican Church lost $160 million when it sold shares at market bottom. This loss was exaserbated through gearing (borrowing money to invest). Were the church leaders responsible for these actions being prudent in trying to make more money for ministry projects or were they greedy? When I say 'greedy' I don't mean for themselves personally but maybe 'greedy' to fast track the expansion of Christian programs through 'easy' investment money? There's a fine line between prudence and greed.God knows which side of the prudence or greed line our decisions fall. He knows ultimately whether we are looking to money as the ultimate power in this world or to Him. The apostle Paul says in Romans 2:16 "This will take place on the day when God will judge men’s secrets through Jesus Christ, as my gospel declares."
Many people havel learnt hard lessons in the past twelve months. 1. Markets go down as well as up. 2. Money is a god who can let you down. 3. Maybe I was more greedy than prudent.
The 'crash' has been a good time of self examination for organisations and well as for individuals.
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