In the early 1980’s Chrysler Corporation nearly went bankrupt their stock price had dropped from about $8 per share to under $2. Lee Iacocca, became their CEO and personally appeared in advertisements promising to rebuild Chrysler. I had considered buying a few hundred shares during those dark weeks for Chrysler, when bankruptcy seemed more certain than growth. The upside appeared nearly unlimited. But risking nearly a month’s pay seemed quite foolish. From this side of history, betting on Chrysler would have been a superb investment for in the next two years the stock price soared to over $15 per share. A year after that it was still growing, soaring past $26 per share. And by 1987, it had split and those $2 shares would have been worth over $52 each. My investment of a month’s pay might have blossomed into over two years of salary.
Alas, Chrysler was a missed opportunity for me.
The letter to the Ephesians has similar warning:
not as unwise, but as wise,
redeeming the opportunity,
because the days are evil.
— Ephesians 5:15-16 (author’s translation).
Many translations interpret verse 16 as “make the most of the time,” but I wonder if the author had intended a play on words, urging followers to redeem each opportunity as God has also redeemed us, as the original Greek words have meanings of ‘redeem’ as well as ‘make the most’ and ‘opportunity’ as well as ‘time’. But the author did not write about our financial opportunities, but about our spiritual opportunities to praise God. Waste none, but redeem each moment for singing praises.
What opportunities have you redeemed? When have you redeemed a problematic situation to make a spiritual connection with God?
I will have more to say about this passage on Sunday, August 16th at Temple Terrace Presbyterian Church.