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Eventide was founded to open up a space in investment management where real discernment takes place around business, the common good, and human flourishing. We believe that the true purpose of business is to serve the common good, which it does when it aligns the interests of stakeholders with those of shareholders. Businesses serve customers, employees, suppliers, communities, the environment, and society best — as well as promote their own vitality — by creating value in their relationships with stakeholders.

In the articles below, we explore these issues of business serving its neighbors and creating value.

Beggars or Baggers

“Mrs. Hughes, I only want to say one thing — that if you are ill, you are welcome here for as long as you want to stay. Lady Sybil will help us to find a suitable nurse .…

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It’s What Works

A few years back, Matt Levine was working crazy hours as a young attorney at a premier New York law firm.1 On more than a few occasions he would work until 3:00 or 4:00 in the morning, slide under his desk for a couple hours of sleep, then be right back at it come 6:00 a.m.…

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Reap What You Sow

Business can seem pretty complicated. But every so often circumstances conspire to reveal an elemental simplicity beneath the complexity. Which is exactly what has played out recently in the smartphone industry.…

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Canary in the Coal Mine

Americans recently found a new poster boy for corporate venality and misbehavior. And investors found a new reason to wring their hands. But let’s focus on the poster boy first.

As Chairman and Chief Executive of Wells Fargo Bank, John G.…

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The Price of Eggs

A few months back I began buying eggs for $8.00 per dozen. And therein lies a morality tale for chickens and investors. For many years, though, I bought eggs from my local supermarket for $1.99.…

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The X Factor

Regular readers of these columns are, by now, entirely familiar with the idea that ‘Love your neighbor’ is the First Principle of God’s moral universe — meaning it is the benchmark for our behavior and, in turn, the watershed for our outcomes.…

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Business, Brexit and the Precariat

Also listen to this radio interview with author Tim Weinhold about this article.

I’ve been transfixed of late by Brexit and its fallout. It’s hard not to be. After all, we don’t often come face-to-face with ‘the end of western civilization as we know it.’ OK, not all the commentary has been that dire.…

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Killing the Golden Goose

Of all the ancient fables, that of the goose that lays golden eggs is almost certainly the one most prized by business people. In the classic version of the tale, a farmer has a goose that each day lays a golden egg.…

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Business and the Poor — Predator, Protector or Provider?

“Because the poor are plundered and the needy groan,
I will now arise,” says the Lord.
“I will protect them from those who malign them.”

Psalm 12:5 (NIV, emphasis added)

The Lord enters into judgment against the elders and leaders of his people: “It is you who have ruined my vineyard; the plunder from the poor is in your houses.

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The Black Swan of Business Purpose

On the night of Nov. 26, 2008, a commando team equipped with automatic weapons, grenades, and explosives, snuck ashore in Mumbai, India. Splitting into teams of two, they attacked a dozen locations across the city.…

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Church, Culture . . . and Business

Twenty years ago Michael Novak, in his book Business as a Calling, provided this snapshot of a particularly prominent Christian business leader:

[The] chairman and chief executive of the largest natural gas company in the United States .

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The Wisdom of Shared Rewards — Part II

The prior column examined God’s three foundational counsels to business people regarding compensation, focusing especially on Scripture’s overarching principle of ‘shared rewards’ — the divine dictate that workers deserve not just wages, but a share in the wealth creation rewards of business success.…

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Hidden Hypocrisy

A prominent pornography website created something of a stir recently when they announced a contest whose prize would be a $25,000 college scholarship. Contestants were asked to submit a video on the topic “How do you strive to make others happy?”

In announcing the contest, the company said “We work hard to help make millions of people feel happy every single day .…

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The Wisdom of Shared Rewards

It was nice of Tim Cook to give me an excuse to revisit and refine a column I wrote several months back. A recent memo from the CEO informed everyone at Apple that the program under which valued employees are rewarded with grants of stock had been extended to include workers from all parts of the company.…

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Buyer’s Remorse

“I would not give a fig for simplicity this side of complexity; but I would give my right arm for simplicity on the far side of complexity.” — Oliver Wendell Holmes, Jr.…

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The Smoking Gun of Mutual Funds

Fame, of sorts, came early to Hadi Ilam. In 2012 the Australian Broadcasting Corporation made Hadi the focal point of one of their television news pieces. Hadi was just eight years old and lived in a small village in Indonesia.…

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You’re The Product

Ever fallen for a bait-and-switch scheme? No? Too smart for that? Keep reading.

Just so we’re all on the same page, let’s start with a quick primer. Classic bait-and-switch scams attract prospects with a compelling offer (the bait), then switch to a decidedly inferior product or offer at the time of sale.…

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Give to Caesar

Let everyone be subject to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God. Consequently, whoever rebels against the authority is rebelling against what God has instituted, and those who do so will bring judgment on themselves .

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Silent Testimony

The heavens declare the glory of God; the skies proclaim the work of his hands. Day after day they pour forth speech; night after night they reveal knowledge. They have no speech, they use no words; no sound is heard from them.

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Teamwork Tipping Point

I’ve had a complicated relationship with basketball. Not coincidentally, the same is true of my relationship with business. But we’ll get to that later. I started playing basketball in fifth grade and immediately fell in love.…

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Generous Business — A Divine Blueprint

A recent series of these columns explored the rich empirical evidence that biblical wisdom — especially God’s ‘Love your neighbor’ command — produces superior business outcomes. This column provides something of an addendum to that series, while also transitioning to a rarely-discussed topic: the divinely- intended role of generosity in business.…

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Prostitution

No, not that kind. Well, sort of that kind . . .

The Oxford dictionary offers two definitions. One says prostitution is the “practice or occupation of engaging in sexual activity with someone for payment.” The other defines it as “the unworthy or corrupt use of one’s talents for the sake of personal or financial gain.” In both scenarios, people treat each other as parties to a transaction rather than people in a relationship.…

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A Basketful of Business Lessons — Part III

At the end of the summer, the Boston Globe referred to the Market Basket story — in which disaffected employees and customers forced the reinstatement of a beloved CEO and his kinder, gentler version of business — as “a drama, an allegory, morality play, and fairy tale, all rolled into one.” And then they posed a very pertinent question: ‘what should be the take-away, the most important lessons, from the Market Basket story?’ In this concluding column of our Market Basket series, we continue to answer that question through the lens of Scripture, drawing out the compelling biblical business lessons embedded in this captivating saga.…

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A Tale of Two Capitalisms

It was the best of times, it was the worst of times,
it was the age of wisdom, it was the age of foolishness,
it was the epoch of belief, it was the epoch of incredulity,
it was the season of Light, it was the season of Darkness,
it was the spring of hope, it was the winter of despair,
we had everything before us, we had nothing before us,
we were all going direct to Heaven, we were all going direct the other way .

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God and Money

Some of America’s most iconic corporations have lost their way. This was the thought that jumped out at me (along with ‘You’ve got to be kidding’) as I read recently how Mary T.…

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Divine Wisdom for Business — The Empirical Case (Part III)

The first two columns in this series looked at (some of) the considerable empirical evidence that a ‘Love your neighbor’ approach to business produces superior results. The first column focused primarily on the research from Zeynep Ton’s book, The Good Jobs Strategy, showing that even in the hyper-cost- conscious arena of low-cost retail, the standout performers are companies like Costco and Trader Joe’s that pay and treat their employees especially well.…

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Divine Wisdom for Business — The Empirical Case (Part II)

The immediately prior column (Part I) noted that a great many Christian business people and investors evidence a belief that faith and business don’t really mix. Instead, they believe that ‘business is business’ — i.e., that business success requires a hard-headed pragmatism at odds with the soft-hearted benevolence found in Scripture.…

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Divine Wisdom for Business — The Empirical Case (Part I)

Business and faith don’t really mix. That’s the widely held — yet fatally flawed — assumption among many Christian business people and investors. Jeff Van Duzer, former dean of the School of Business and Economics at Seattle Pacific University notes the prevalence of this view in the introduction to his excellent book, Why Business Matters to God.…

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Investing That Prospers

The immediately prior column (“Blind Spot”) focused, in part, on the barrage of hypocrisy charges recently leveled against Hobby Lobby. The company had argued to the Supreme Court that the owners’ religious convictions meant it should not be forced to provide certain contraception products through its healthcare program — yet its 401(k) mutual funds included companies making the very products to which the company objected.…

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Blind Spot

How about this for a set of admirable corporate commitments:

  • Honoring the Lord in all we do by operating the company in a manner consistent with biblical principles.
  • Offering our customers exceptional selection and value .

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The First Principle of Innovation

Innovation is almost certainly the most important — and least understood — instrument for human prosperity. Most important . . . because there is widespread consensus that innovation is the principal driver of economic growth.…

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Fairness . . . and Fast Food

“We believe we pay fair and competitive wages,” said Don Thompson, CEO of McDonald’ s, speaking at the company’ s 2014 annual meeting as hundreds of protestors chanted for higher wages outside.

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The Wisdom of our Father(s)

Southwest Airlines announced recently that their workers would be receiving a record $228 million profit-sharing payout this year — 30% of the company’s total profits. This is a reflection of Southwest’s long history of broad-based employee profit sharing and stock ownership.…

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Business Bully

See if this description sounds familiar. Still on the young side of middle-aged. Talented. Driven, oops, check that, really, really driven. Successful — vocationally. Always looking out for numero uno .…

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The Essence of Investing

Warren Buffet’s most recent annual letter to his Berkshire Hathaway shareholders is another classic. As is his custom, Buffet uses the occasion to do more than provide an update on portfolio performance.…

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Blood in the Water

One of the wonders of Scripture, written 2000-3000 years ago, is its ability to ‘speak into’ contemporary life . . . including into the lives of contemporary business people and practices.…

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Balanced Books

Though the mills of God grind slowly, yet they grind exceeding small;
Though with patience he stands waiting, with exactness grinds he all.

From the 17th century poem, Retribution, by Friedrich Von Logau, as translated by Henry Wadsworth Longfellow.

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The Marvel . . . and Misery . . . of Markets

At the very heart of business, the very heart of capitalism, is a deeply-held belief in the efficacy of free markets. It is a settled conviction, an article of faith, that a free market allocates resources more effectively than do other forms of economic organization.…

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Why God Loves ‘Insanely Great’ Products

Fortune magazine recently published its Most Admired Companies list and, for the seventh year in a row, Apple appeared at the top — an astonishing achievement. The magazine also noted that Interbrand rates Apple “the most valuable brand on the planet.” And then there’s this, of course: for the last couple of years Apple’s market capitalization has been greater than that of any other company in the world.…

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Back to the Garden

My youngest daughter loves this bumper sticker on the back of her car: “God’s original plan was to hang out in a garden with some naked vegetarians.” If you’re picturing her as someone who is passionate about organic farming, healthy eating, earth stewardship .…

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Business and its Neighbors: Priest, Levite or Samaritan?

What makes a business pleasing, or displeasing, to God? For any Christian business person, or business investor, this should be a question of paramount importance. And the prior column provided this answer: God evaluates all behavior by which humans impact one another (and the rest of his material creation) against a single, overarching standard — ‘Love your neighbor as yourself.’ This is the First Principle of God’s moral universe — the divine intent and God-established reference point — for all the behavior by which we impact one another .…

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‘Christian’ Business . . . or Godly Business?

The NY Times recently ran a rather intriguing article, at least for those of us interested in ‘faith and business.’ Entitled, “At Christian Companies, Religious Principles Complement Business Practices,” the article raised, without answering, a number of compelling questions, including:

  • Is publicly identifying oneself as a Christian or faith-based company — as Chick-fil-A, Hobby Lobby, In-N-Out Burger, the trucking company Covenant Transport, and the clothing store Forever 21 have all done — the essential distinguishing characteristic of a ‘Christian’ company?

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Microsoft Sees the Light

Microsoft recently abandoned an HR practice, ‘stack ranking,’ long-reviled by a great many of its employees. This was particularly noteworthy because, in a one-on-one interview with The Seattle Times just a few months earlier, CEO Steve Ballmer had pointedly defended the practice.…

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The ‘Bad Jobs’ Choice — Part II

“‘Why have we fasted,’ they say, ‘and you have not seen it? Why have we humbled ourselves, and you have not noticed?’ ‘Yet on the day of your fasting, you do as you please and exploit all your workers.’”  Isaiah 58:3 (emphasis added)

“So I will come to put you on trial.

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The ‘Bad Jobs’ Choice: Costco vs. Walmart

“‘Why have we fasted,’ they say, ‘and you have not seen it? Why have we humbled ourselves, and you have not noticed?’ ‘Yet on the day of your fasting, you do as you please and exploit all your workers.’”  Isaiah 58:3 (emphasis added)

“So I will come to put you on trial.

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Business and the Poor

The Bible commands us to live righteously. Most of us tend to think about that in terms of private morality — don’t lie, don’t steal, don’t kill — and, of course, breaking these or other of the commandments is a form of unrighteousness.…

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A Tale of Two Economies

Steve Denning, a frequent contributor to Forbes, is my favorite business columnist. He beats the drum regularly and persuasively against the currently prevailing ‘shareholder value maximization’ conception of business purpose and advocates instead for the primacy of value creation for customers.…

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The Eventide Gilead Fund & Eventide Healthcare & Life Sciences Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Funds can also have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The Funds can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, thus subject to additional risks. Investors in the Gilead Fund should be aware that companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products.

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An investor should consider a fund's investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA, which is not affiliated with Eventide Asset Management, LLC.

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