Britt Harris

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(No Transcript)
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Britt Harris
Chief Investment Officer Teacher Retirement
System of Texas
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RECOVERING A BIBLICAL WORLD VIEW

• There is a Sovereign God
• Greater Than We Are
• His Ways Are Better Than Our Ways
• He Cares About Each of Us
• He Wants Us To Follow His Ways

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OUR CURRENT SITUATION

• SP 500
• Finance overlay
• Individual Firms Overlay
• Impact on Wall Street
• GDP Growth
• Unemployment Overlay

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SP 500 ONE YEAR PERFORMANCE
Source Bloomberg
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FINANCIAL SECTOR 1 YEAR PERFORMANCE
Source Bloomberg
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PERFORMANCE OF INDIVIDUAL FINANCIALS
Source Bloomberg
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TIMELINE OF RECENT WALL STREET ACTIVITY
SourceTRS Strategic Research
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US GROSS DOMESTIC PRODUCTFORECAST VALUES
STARTING DECEMBER 2008
Source Bloomberg survey based on 63 contributors
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US GROSS DOMESTIC PRODUCT UNEMPLOYMENT
RATEDASHED LINES REPRESENT FORECAST VALUES
Source Bloomberg survey based on 63 contributors
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GODS PLAN (GENESIS 1-3)

• In the beginning God created.

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Gods Plan
Result

• Abundance ? More than Enough
• Cooperation ? Aligned with
  God/Others
• Balance ? Sustainable Peace

Notes Genesis 129 31 27 28 218/23 322
Thinking Biblically
Gods Plan and Its Results
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ECONOMICS

• Economics The Study of How Scarce Resources
  Should be Allocated Among Competing Ends

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Sin and Its Results
Sins Results
Result

• Scarcity ? Economic Systems
• Competition ? Survival of the
  Fittest
• Imbalance ? Lack of
  Parity/Depravity

Notes Genesis 217 316 4-7 Thinking
Biblically
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Comparison of Plans
Gods Plan
Our Plan

• Abundance ? Scarcity
• Cooperation ? Competition
• Balance ? Imbalance

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HOW DO YOU DEFINE WEALTH?
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WE NEED TO GO BACK TO GODS PLAN

• Lesson One How Do You Define Wealth?
• Lesson Two Are You A Saint?
• Panel Discussion Tough Questions

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TWO CERTAINTIES ABOUT MONEY

• If you dont know who you are, the markets are an
  expensive place to find out.
• Either you will manage your money, or your money
  will manage you.

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DOG RACE
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WHAT IS YOUR FINISH LINE?
TOP DOWN ANALYSIS

• How Much is Enough?
• Global Poverty Line 750/year
• U.S. Poverty Line 12,000/year
• National U.S. Average Income 45,000/year
• Top 1 150,000/year

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HOW MUCH IS ENOUGH?
ASSUMPTION 5 Investment Return

• Threshold Net Worth Required
• Global Proverty Line 15,000
• U.S. Poverty Line 240,000
• U.S. National Average 900,000
• U.S. Top 1 3,000,000

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CURIOUS QUESTION

• Why Would You Ever Have More Than Enough?

STANDARD OF LIVING ()
Option 2
Option 1
Generous Living
Income
Finish Line
Expense
TIME
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IS MONEY GOOD OR EVIL?

• Initially Neither (Neutral)

OTHERS
Gods Plan
Worldly Plan
EVIL
GOOD
Gods Plan
Worldly Plan
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WEALTH IN THE OLD TESTAMENT

• Abram
• Called on the Name of the Lord
• Very Rich
• Moses
• Remember the Lord Your God
• Given Power to Make Wealth
• Job
• Blameless, upright, feared God, turned away from
  evil
• Greatest of the New
• David, Joseph, Daniel
• All Godly Men

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WEALTH IN THE NEW TESTAMENT

• How hard it will be for those who are wealthy to
  enter the kingdom of Heaven
• - Jesus (Mark 1023)
• What does it profit a man if he gains the whole
  world, but loses his soul?
• - Mark 836
• They threw dust on their heads and were crying
  out weeping and mourning saying woe to the great
  cities in which all who had ships at sea became
  rich by her wealthin one hour she has been laid
  bare.
• - Revelation 1815

WEALTH CAN BE A VERY DANGEROUS THING
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GENEROUS LIVING USE OF A SURPLUS

• Become modern mana
• Prove your worth through Biblical stewardship
• Have fun and become healthy
• Avoid harm to yourself and others
• Noteworthy Scriptures
• Job 34-19
• Proverbs 39
• Luke 1610-11
• Matthew 936

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WEALTHY IN FAITH

• Instruct those who are rich in the present world
  not to be conceited, or to fix their hope on
  uncertain riches, but on God who rightly supplies
  all things to enjoy. Instruct them to do good. To
  be rich in good works, to be generous and ready
  to share. - Timothy 617-18

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WEALTHY IN FAMILY

• You are not a Biblical success if your spouse and
  your children have been sacrificed, neglected or
  emotionally abandoned along the way.

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WEALTHY IN FRIENDSHIPS

• How many true friends do you have?
• Are you a true friend to others?
• Convert serial friendships to cumulative
  friendships

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CONCLUSION

• Reconsider living from a Biblical world view
• Properly define wealth
• Organize your standard of living
• Define your finish line
• Create surplus/good stewardship
• Expand your definition to faith, family, and
  friends