Diversify

“Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” (Ecc 11:2)

When we invest, we are advised to make sure we don’t put all our eggs in one basket. This is a foundational principle in risk management.

It turns out to be a biblical one as well. There is wisdom in lowering risk because we do not know what the future will hold.

I think this is not only a timely reminder that not all things will go well—and we need to be mindful of that—but also that we are part of a collective. The warning here is that a disaster will come upon the land and by inference potentially affect us. We are not necessarily completely insulated from external influences.

Quick Prayer: Thank You for highlighting the principle of diversifying. Amen.

 

Try A Few Things.

“Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.” (Ecc 11:6)

I am a big believer in focus. Focused energy and resources will ensure an outcome when applied to a task. However, a diversified portfolio is wise because having all your eggs in one basket contains focused risk.

The same principle applies to what we work on. Some things will work and others just won’t, so trying a number of ventures is not unwise.

The other imperative in this word is that of application. You can’t get away from plain old hard work. A number of different projects require more effort. It is not about diluting your resources; it is about increasing your opportunities. And who knows—maybe it will all be successful.

Quick Prayer: Thank You for variety and not certainty. I will diversify. Amen.