An update / reminder of what we do for those that are curious.
1. We enter into contracts which obligate us to purchase equities at a set price.
2. We enter into those contracts by being paid what we believe to be attractive yields on the collateral required to make those purchases
3. We hold collateral in the form of cash and securities to support those contracts
4. Some minority percentage of those contracts require purchase of securities
5. We monitor the value of those securities in inventory and enter into contracts at attractive yields which obligate us to sell those securities at a set price
This generates returns for our investors.
Tonight an 11 year old girl that I had the privilege of coaching in a tournament last fall passed away suddenly from a brain aneurysm. I pray for healing for her parents and her big brother. She was an incredible kid and I wish I got to coach her more. As a parent, I see this through the lens of “what if that was ours?” and I’m beyond heartbroken for them. Please join me in praying for her family.
I got ready for work this morning as I usually do.
But yet, it felt very different.
Starting when I said goodbye to my kids.
And then drove through the media site outside of #TheCovenantSchool, across the street from my office. 😥