Archegos & Bill Hwang
Revelation 1:8 “I am the Alpha and the Omega,” says the Lord God, “who is, and who was, and who is to come, The Almighty.” For the past few weeks, media reports have drip-fed accounts of an understated financier named Bill Hwang. Within 48 hours he essentially lost $20 billion in one of the most spectacular failures in financial history. Though I’ve never met the man, I had heard great things about him from several mutual friends. Bill has donated millions of dollars to kingdom causes and hosts bible readings at his office 3x per week. Even at the height of his success, he lived in a modest house, drove a Hyundai and could be found taking the bus to long prayer walks in Central Park. John Bai, a finance executive who has known Bill Hwang for 30 years was recently quoted in Bloomberg Magazine saying “If you know how Bill lives, you will never think this man is worth the kind of money he was. Maybe for some, it’s an epic disappearance of wealth, but he’s got God on his side. I am not worried about Bill. He’s not about the money.” In today’s scripture reading, I’m reminded of what it means to have an eternal perspective. I’m not one to judge Archegos’ trading strategy or perhaps overuse of leverage. But I know that a deep understanding of God’s eternal nature can help anyone get past the deepest of downfalls… even if it’s $20B deep. Lord please watch over Bill Hwang and his family today. Please also help me to have more of an eternal perspective. You are the same yesterday, today and tomorrow. You are the Alpha and the Omega. My circumstances may change, but your goodness and mercy will never change. In Jesus’ name, Amen.