Originally posted at Christian Post June 24, 2016.
To learn Biblical answers to your financial questions, you can AskCrown by clicking here. Questions used may be lightly edited for length or clarity.
I have been fascinated by the news stories about the embattled founder of the medical testing company Theranos, Elizabeth Holmes, who lost $4.5 billion – BILLION – and it is really hard to understand how someone can go from the top of Forbes richest people list to the bottom. Is there Biblical advice on how to avoid that kind of rise and fall? I have a business that I operate and I want to avoid that kind of disaster.
Working Hard for the Money
Thank you for the question. I’ve been fascinated by the story as well, which has all the drama of a Greek tragedy, and some lessons for those who want to create their own “unicorns” – an industry term for start up companies valued at over a billion dollars. Perhaps the whole tragedy could have been averted if a little more of Biblically recommended caution had been applied by those who first heard about the venture.
As Christians we are urged to “be wise as serpents and innocent as doves.” (Matthew 10:16). Theranos founder Elizabeth Holmes told the world that she has built a better medical mousetrap – claiming she could revolutionize the world of blood testing, which impacts many people. But according to pending lawsuits, words and deeds did not match up. Blind faith is never a good thing in investing.