Investment Accounting

The Nobleman Is Yet Away — San Marino, California © 2024 Craig Dahlberg

Youth imagines time to run on forever. Typical of our young station in life, there is neither enough time nor money to supply our interests. Investable resources are drawn down to support the thing at hand, with less thought of those many decades ahead.

Perhaps, for awhile, that is as it should be. Youth feeds upon the hope of opportunities at hand to grow the vision and passion of our yet-to-be discovered futures. How many times, as young people, have we re-imagined what our lives would become? Somehow, ageless bodies, good fortune and our emerging skillset would provide whatever that future held.

During my early twenties, it first occurred to me that I was falling behind. The automated success ladder I had envisioned for my life became less automatic, and I slowly veered off course, a small degree at first, which widened with my advancing age. How had I been relegated, at my first job, to cleaning toilets in a restaurant? How did I find myself, shirtless, hot, and profusely sweaty, baling hay in Mississippi? And, ignorant of the profoundly itchy characteristics of okra upon the skin, how was I now ignorantly harvesting it bare-handed and bare-chested?

I continued onward with vague goals, and without the means to achieve them. Little did I recognize that I tottered already on the precipice of an ungoverned financial future.

The earnings of $1.25 per hour at my first job were put toward my first car ownership, a 1962 MGA Mark II Roadster with rusted door panels, which I purchased for $300 when I was 17. I considered this purchase a mighty good investment both toward transportation and developing social opportunities with the fairer sex.

I failed to realize that the $300 required for the purchase of the MGA, along with all my other earnings, did not belong to me. Rather, it was all on loan to me, as were all the other accounts of my life, monetary or otherwise. Success in every enterprise, reputation, health, relationships with family and friends were all ceded to me from God. They were on loan to me. My interest should be to prosper them and generate what good I could of them, before the eventual completion of the terms of the loan.

My thinking started to change. I began asking myself — when time itself is folded up and retired, what value of our lives is there remaining?

The Gospel of Luke, chapter 19, reminds us of the investments loaned by a nobleman to three servants. Upon his return, the nobleman would ask for an accounting of the three loans. One servant took wise risks, investing his loan aggressively, which paid off. Over time, his financial investment soared, as did, we might assume, the other similarly managed affairs of his life. Due to his devotion to excellence, his professional advancements arrived with remarkable speed. Before long, he himself purchased the very company that had initially hired him. He may have become a man of great influence, whether obvious or subtle in nature. He stirred vision and passion in others by his virtuous behavior. Once, upon taking a corner too fast, an old Volkswagen overturned; he ran over to help, rolled the car over with the driver still strapped in the seat, then pulled out the crumpled fenders with his bare hands. He was a gregarious sort. When his neighbors complained about the ruckus from the parties he would throw for his friends, he remedied the issue by inviting them to his parties as well. Upon his ultimate return, the master was pleased with him, very well pleased, and the servant was appropriately rewarded.

The second servant was equally virtuous, a prudent lifelong conservative investor. His were ever an equal mix of stock and bond ETF financial investment products. They were safe, and he needn’t fret over economic downturns. His finances were established to weather adversity, as were his other affairs. A man of lesser passion than the first servant, he carefully governed his relationships. His friendships with others, cookie-cutter versions of himself, were reliable and pleasantly in tune with his own persuasions. He was a faithful and good worker, advancing up the predictable ranks to the admiring “Atta boy!”accolades of his coworkers. Upon passing by a person in need, he might consider how he might meet the need, pause for the briefest moment, then press on. “Ah! A little too late, already passed by—never mind.” To prove his compassion, he would be the first to phone in a 911 emergency—from a safe distance across the street. He noted his tarnished world and its misdirected values, and he exerted his passionless, middling efforts, budging toward doing good when convenient, and performing righteous acts without staining his trousers.

A lone koi fish circled the grimy pond within the courtyard of the third servant. Deflated by life, he awaited funds for its restoration. A browbeaten and fearful man, he expected the worst and accomplished little. He supposed his boss to be an abrupt and unpredictable taskmaster, who himself would take credit for the servant’s work. A boss, he mistakenly perceived, with unreal expectations and no room for lax performance. Office parties were a thing of horror for the servant, who with feigned devotion would heap self-ingratiating praise upon his supervisor. He danced, like a marionette, to earn his boss’s approval. In the end, the character flaws within the third servant produced no growth whatsoever, no improvement of character, performance, relationships, grace, or virtue. The servant succumbed to such self-manufactured fear that he squandered the generous nobleman’s loan, securing it safely within his mattress, its real value slowly but surely depreciating over time; he ended with less than what he had been entrusted with.

At the appointed time, the nobleman, now crowned king, would return and require an accounting of his investments long in the making. But before then, we may make two observations. The first is that a reward clearly awaited those who had invested wisely. And perhaps even more prescient—while the nobleman was yet away, there was still time enough for the servants to mend their ways.