This week, everyone has heard the news about Sam Bankman-Fried (SBF), formerly known as the youngest billionaire in the world, suddenly being exposed as the biggest fraud, dragging down over a million investors with him.
Let’s analyze this case from a spiritual perspective on this Reign of Christ Sunday because there’s a life lesson for all of us to learn. Rember no one is an island. One man’s fall is everyone’s shame. So, let’s be humble and not judgemental because we gain wisdom only in humility.
When I was young, my grandma said it was bad luck to become wealthy before 30. I didn’t understand what she meant, but now, half a century later, I have seen enough young people ruined by their windfalls of fortune—with few exceptions.
Confucious said that people become established by 30 and unwavering by 40. Maybe that’s why people say life begins at 40. A friend told me that life begins when children move out and pets die. Well, it depends on what they mean by “life begins.”
Each time one of my children move out, I felt a part of my life has left. Each of them took a piece of me with them. You have heard of the empty nest syndrome. But I understand they need to learn to fly by themselves.
However, we are not talking about when life begins but about when people become mature enough to handle prosperity, power, and prestige. As my grandma said, it is a curse, not a blessing, to wield prosperity before maturity.
A few weeks ago, I mentioned the Eight Winds of life constantly blowing at us, representing the eight stressors of life. In case you missed it, here’s the slide I have presented. There are four sour stresses and four sweet stresses.
The four sour stresses are Scorn, Slander, Setback, and Suffering. I call them “overt stresses” because you know when they hit you, and you feel the pain, but at least you can deal with them since they are overt.
The four sweet stresses are insidious. They are Praise, Prestige, Profit, and Pleasure. Everyone loves these sweet stresses, but they kill you covertly from the inside, like eating sugar and processed carbs that taste yummy but slowly ruin your internal organs. When the symptoms surface, it’s usually too late to reverse.
Sam Bankman-Fried has been knocked out by a massive sweet storm. His parents are law professors at Standford University, and he graduated from MIT. People trusted him and invested in him because of his impressive background. It was a perfect context for an ignorant young man to invite a perfect storm.
Remember Bill Clinton’s famous line, “… just because I could”? If you are unfamiliar with his case, Clinton confesses on CBS News that he cheated because “he could.” That is a profound confession because it reveals a major flaw in humans.
Given a perfect opportunity, everyone could do the unthinkable. Jesus taught us to pray, “Lead us not into temptations,” because he knows we are too ignorant when facing temptations. So, it’s better to ask to stay away from them than to resist them.
Jesus prayed on the cross, “Father, forgive them, for they do not know what they are doing.” He says ignorance is not innocence. The crucifixion is a scene of utter injustice done by human ignorance. They did it because they could—with the power they wielded.
So, let’s use this opportunity to reflect on our tendency to commit injustice out of ignorance and how to avoid it. I am not talking about you; of course, you are not ignorant; I am talking about the one sitting next to you or your next-door neighbor! Let’s begin!
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