Value Investing Order Printed Copy
- Author: Bruce C N Greenwald, Judd Kahn, Michael Van
- Size: 4.3MB | 332 pages
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About the Book
"Value Investing" by Bruce C. N. Greenwald, Judd Kahn, and Michael van Biema is a comprehensive guide to the principles and techniques of value investing. The authors explain how to identify undervalued stocks, evaluate company performance, and construct a diversified portfolio for long-term success. They also explore the importance of understanding the intrinsic value of investments and the role of research and analysis in making informed decisions. Overall, the book offers valuable insights and practical advice for investors looking to achieve sustainable returns in the stock market.
Darlene Deibler Rose
Darlene Diebler Rose: Unwavering Faith in God’s Promises
“Remember one thing, dear: God said he would never leave us nor forsake us.” Those words were spoken on March 13, 1942, and were the last words Darlene Diebler would ever hear from her husband, Russell, as they were permanently separated in Japanese prison camps during World War II. She was a missionary in her early twenties. She did not even have a chance to say goodbye. Consider her own reflection on that heartbreaking day:
Everything had happened so fast and without the slightest warning. Russell had said, “He will never leave us nor forsake us.” No? What about now, Lord? This was one of the times when I thought God had left me, that he had forsaken me. I was to discover, however, that when I took my eyes off the circumstances that were overwhelming me, over which I had no control, and looked up, my Lord was there, standing on the parapet of heaven looking down. Deep in my heart he whispered, “I’m here. Even when you don’t see me, I’m here. Never for a moment are you out of my sight” (Evidence Not Seen, 46).
Obedience to God’s Call in All Circumstances
Darlene Mae McIntosh was born on May 17, 1917. At age nine she put her trust in the Lord Jesus Christ as her light and salvation. One year later, during a revival service, she sensed God’s calling to give her life to missions. On that night she promised Jesus, “Lord, I will go anywhere with you, no matter what it costs” (46). How could that little girl know what the Savior had planned for her in the not too distant future?
“Through it all, Darlene was sustained by God, who never left her nor forsook her, just as he promised. He remained her light and salvation.”
Darlene married a pioneer missionary to Southeast Asia named Russell Deibler on August 18, 1937. She was only nineteen years old. He was twelve years her senior. The Deiblers eagerly returned to Russell’s pioneer missionary work in the interior of New Guinea. Darlene accompanied Russell into the jungle to establish a new mission station near a previously unevangelized, primitive tribe that had only been discovered just a few years earlier. Darlene, the first white woman any of them had ever seen, grew to deeply love the local people.
When World War II broke out in that part of the world, the Dieblers chose to stay. And when the Japanese soon took control of the area, the Deiblers were put under house arrest. Later, Japanese soldiers herded all foreigners into prisoner-of-war camps, separating the men from the women and children. During the next four years, Darlene endured separation from her husband and, eventually, widowhood.
The brutal conditions of a WWII Japanese internment camp included near-starvation, forced labor, inhumane conditions, false accusations of espionage, serious illnesses, solitary confinement, and torture. Through it all, Darlene was sustained by God, who never left her nor forsook her, just as he promised. He remained her light and salvation.
God Is Sufficient in All Circumstances
After receiving the news of her husband’s death, Darlene was falsely accused of being a spy and taken to a maximum-security prison where she was kept in solitary confinement. Written over the door of her cell were the words in Indonesian, “This person must die.” Frequently she was taken to an interrogation room and accused of spying. Upon her denial, her interrogators would strike her at the base of the neck or on her forehead above the nose.
There were times she thought they had broken her neck. She walked around often with two black eyes. “Bloodied but unbowed” (141), she never wept in front of her captors, but when she was back in her cell she would weep and pour out her heart to the Lord. When she finished, she would hear him whisper, “But my child, my grace is sufficient for thee. Not was or shall be, but it is sufficient” (141).
“When she finished, she would hear him whisper, ‘But my child, my grace is sufficient for thee. Not was or shall be, but it is sufficient.’”
Time and time again God showed himself to be powerful and faithful to Darlene. Once, within moments of being beheaded as a spy, she was unexpectedly taken from the maximum-security prison back to her original prison camp. The Lord again had heard her prayers, leading her to a level path against her enemies. Over and over again, Darlene could look back at her life and see how God had strengthened and sustained her
as a young bride at age nineteen.
when she headed to the jungles of New Guinea at twenty.
when placed under house arrest by the Japanese when she was twenty-five.
when she and her husband were separated into separate prison camps in 1942, never to see each other again in this life.
as she ate rats, tadpoles, dogs, runny oatmeal, and maggots, and other unimaginable foods.
through dengue fever, beriberi, malaria, cerebral malaria, dysentery, beatings, torture, attacks of rabid dogs, false charges of espionage, the promise of beheading, solitary confinement, Allied bombings, and many other inhumane abuses.
when told of the death of her beloved husband and his own tortures and sufferings.
when he brought her home to America but kept the fire of missions burning in her soul.
when he brought another missionary into her life, Gerald Rose, whom she married (1948) and returned with him to New Guinea in 1949.
as she labored on the mission field of Papua New Guinea and the Outback of Australia for over forty years, evangelizing, teaching, building landing strips, delivering babies, facing down headhunters, and loving them to Jesus.
On February 24, 2004, Darlene Diebler Rose quietly passed away and entered into the presence of the King she so deeply loved and faithfully served. She was eighty-seven years old. All throughout her life, when sharing her story, Darlene would say, “I would do it all again for my Savior.” No doubt many in New Guinea are grateful for her devotion. May we follow this great saint to the nations, for the sake of their souls and the glory of our great King Jesus.
The Hill We All Must Die On
The doctrine of penal substitution is under attack today — and that’s an understatement. From voices outside of evangelical theology to those within, the historic Reformation view of the cross is claimed to be a “modern” invention from the cultural West. Others criticize the doctrine as sanctioning violence, privileging divine retributive justice over God’s love, condoning a form of divine child abuse, reducing Scripture’s polychrome presentation of the cross to a lifeless monochrome, being too “legal” in orientation, and so on. All of these charges are not new. All of them have been argued since the end of the 16th century, and all of them are false. Yet such charges reflect the corrosive effects of false ideas on theology and a failure to account for how the Bible, on its own terms, interprets the cross. Given the limitations of this article, I cannot fully respond to these charges. Instead, I will briefly state four truths that unpack the biblical-theological rationale of penal substitution. In so doing, my goal is to explain why penal substitution should be embraced as God’s good news for sinners. Four Questions to Get Right It is only in viewing Christ as our penal substitute that we truly understand the depth of God’s holy love for us, the horrendous nature of our sin before God, and the glory of our substitute — Jesus Christ our Lord — whose obedient life and penal death achieved our right standing before God and the full forgiveness of our sins. Let us now turn to these truths that are crucial to affirm and that lead us to glory in our Lord Jesus Christ as our penal substitute. 1. Who Is God? First, we must get right who God is as our triune Creator-Covenant Lord. Mark it well: debates over the nature of the atonement are first and foremost doctrine of God debates. If our view of God is sub-biblical, we will never get the cross right. From the opening verses of Scripture, God is presented as eternal, a se (life from himself), holy love, righteous, and good — the triune God who is complete in himself and who needs nothing from us (Genesis 1–2; Psalm 50:12–14; Isaiah 6:1–3; Acts 17:24–25; Revelation 4:8–11). One crucial implication of this description is that God, in his very nature, is the moral standard of the universe. This is why we must not think of God’s law as something external to him that he may relax at will. Instead, the triune God of Scripture is the law; his will and nature determine what is right and wrong. This view of God is often forgotten in today’s discussion of the atonement. Following the “New Perspective on Paul,” some argue that God’s justice/righteousness is only “God’s covenant faithfulness,” that is, God remaining true to his promises. No doubt this is true. However, what this view fails to see is that “righteousness-justice-holiness” is first tied to God’s nature as God. That is why, in light of sin, God, who is the law, cannot overlook our sin. God’s holy justice demands that he not only punish all sin, but also, if he graciously chooses to justify the ungodly (Romans 4:5), he must do so by fully satisfying his own righteous, holy moral demand. Thus, given our sin and God’s gracious choice to redeem us, the question that emerges across redemptive history is this: How will God demonstrate his holy justice and covenant love and remain true to himself? The answer is only found in the Father’s gift of his Son, Jesus’s obedient life and substitutionary death, that results in our justification before God in Christ (Romans 3:21–26). 2. Who Is Man? Second, we must get right who humans are as God’s image-sons created to be in covenant relationship with God. Specifically, we must grasp who Adam is, not only as a historic person, but also as the covenant representative/head of the human race (Romans 5:12–21; 1 Corinthians 15:21–22). Why is this significant? Because in creation, our triune Creator-Covenant God sets the conditions of the covenant and rightly demands from Adam (and all of us) total trust, love, and obedience — a truth reflected in God’s first command. But the flip side is also true: If there is covenant disobedience, given who God is, there is also his holy judgment against our sin that results in the penalty of physical and spiritual death (Genesis 2:15–17; cf. Romans 6:23). 3. How Can God Justify Sinners? Third, we must get right the serious problem of our sin before God. Sadly, Adam did not love God with full covenant devotion. Instead, he disobeyed God, thus bringing sin, death, and God’s curse into the world. In the Bible’s storyline, Adam’s sin changes everything! From Genesis 3 forward, “in Adam,” the entire human race becomes guilty, corrupted, condemned, and under the judicial sentence of death (Genesis 3; Romans 5:12–21; Ephesians 2:1–3). If God is going to redeem, which he has graciously promised to do (Genesis 3:15), how is he going to do it? Remember, given who God is in all of his moral perfection, and given that he is the standard of holy justice who will not deny himself, how will God declare sinners justified before him apart from the full satisfaction of his moral demand? God must punish sin and execute perfect justice because he is holy, just, and good. He cannot overlook our sin nor relax the demands of his justice, and in truth, thankfully so! But to justify us, our sin must be fully atoned. How, then, can God punish our sin, satisfy his own righteous demand, and justify sinners? Add to this point: To undo, reverse, and pay for Adam’s sin, we need someone who will come from the human race and identify with us (Genesis 3:15), render our required covenantal obedience, and pay the penalty for our sin. We need someone who will become our covenant representative and substitute, and by his obedient life and penal death secure our justification before God. And wonder of wonders, Scripture gloriously announces that there is one man — and only one — who can do this for us, namely our Lord Jesus Christ (Hebrews 2:5–18). 4. Who Is Jesus? Fourth, we must get right who Jesus is, what he does for us, and that he alone can redeem, reconcile, and justify us before God. Who is the Jesus of the Bible? In short, he is God the Son incarnate, the second person of the triune Godhead. He is no abused child or some third-party individual who stands independent of God. We cannot think of his atoning work apart from thinking of the entire triune God accomplishing our salvation. Furthermore, as the eternal Son, eternally loved of his Father and the Spirit, in God’s plan, he voluntarily took on the role of becoming our Redeemer. And in his incarnation, he identified with us in order to represent us before God (Hebrews 5:1). In his obedient human life, Jesus, as the Mediator of the new covenant, obeyed for us as our legal covenant representative. In his obedient death, Jesus, as the divine Son, satisfied his own righteous demand against us by bearing the penalty of our sin as our substitute (Romans 5:18–19; Philippians 2:6–11; Hebrews 5:1–10). And in doing all of this, the Father’s love was revealed in Jesus’s penal substitution because of who Jesus is as the Son incarnate, the Last Adam, and the only Mediator of God’s people (Romans 5:8–11). Don’t Get Bored with the Gospel The truth of the matter is this: penal substitution is not a view to be replaced by something “better” or dismissed as a relic of the past. There is no greater news than this: Christ Jesus, as the divine Son incarnate, perfectly meets our need before God by his obedient life and substitutionary death. In Christ the triune love of God is gloriously revealed because in Christ we receive the gift of righteousness which is now ours by faith in him. In union with his people, Christ, as our new covenant head, obeys in our place, dies our death, and satisfies divine justice, which is evidenced in his glorious resurrection. As a result, by faith alone, in Christ alone, his righteousness is ours — now and forever (Romans 8:1; 2 Corinthians 5:21; Galatians 3:13). By faith-union in Christ, we stand complete: justified before God by the forgiveness of our sins and clothed in his righteousness (Romans 4:1–8; 5:1–2). Following the Bible’s teaching on this matter, may we learn anew to say with Paul, “For I decided to know nothing . . . except Jesus Christ and him crucified” (1 Corinthians 2:2). “Thanks be to God for his inexpressible gift!” (2 Corinthians 9:15). Article by Stephen Wellum
