Sunday, January 29, 2012

Merton & Hafiz: Into Darkness to Light, to Love

Sometimes it's hard to separate one's love of God from love of life, love of creation, love of people, and love of truth, whether spiritual, scientific or historical. Sometimes it all seems to merge into one gestalt, one encompassing perception that defies description. Sometimes we may even start to lose some of our sense of identity in that broader, deeper sense of creation, existence and reality. Further, we may have to acknowledge a different sense of purpose, a growing sense of shared relationship and identity--and it seems to transcend that which changes and passes, and finds more identity with that which endures, perhaps even a timeless shared identity in the infinite and eternal.

But, at some point in that process there necessarily comes many challenges to orthodox thinking and understandings in faith practice and life. The doors get blown off some protected safe havens and refuges from personal change and growth, places too often created by cultural and faith organizations, and even the faithful themselves, because they cannot fully risk following God and truth into the unknown, the unsettling places that cause us to question who we are, what we believe, and what that means for our lives and our speculations about the real and eternal. This is an unnerving, identity-questioning and changing place that most would rather avoid, or escape if they find themselves led there.

I've often talked of the 20th-century Cistercian (Trappist) monk, Thomas Merton, and shared from his writings. I will share more here, along with some poetry by the 14th-century Sufi master, Hafiz. These quotes are excerpted from Merton's book on contemplative prayer. Thomas Merton:
It is natural for one in [certain circumstances] to dread the loss of his faith, indeed of his own integrity and religious identity, and to cling desperately to whatever will seem to preserve the last shreds of belief. So he struggles, sometimes frantically, to recover a sense of comfort and conviction in formulated truths or familiar religious practices. His meditation becomes the scene of his agonia, this wrestling with nothingness and doubt. But the more he struggles the less comfort and assurance he has, and the more powerless he sees himself to be. Finally he loses even the power to struggle. He feels himself ready to sink and drown in doubt and despair. 
This is not the moment for arrogance or proud thrusts of will. The arrogant man will break in the agony of darkness. His meditation will be intolerable, and he will either revolt or despair. We must also recognize that one of the causes of mental or emotional breakdown of novices or young monks is...a lack of identity and spiritual maturity. 
The man of today is more and more vulnerable in this respect. His efforts to seek peace and light are carried on not in a realm of relative security, in a geography of certitude, but over the face of a thinly-veiled abyss of disorienting nothingness, into which he quickly falls when he finds himself without the total support of reassuring and familiar ideas of himself and of his world. Nevertheless, it is precisely this support that we must learn to sacrifice. 
This is the genuine climate of serious meditation, in which, without light and apparently without strength, even seemingly without hope...we drop our arrogance, we submit to the incomprehensible reality of our situation and we are content with it because, senseless though it may seem, it makes more sense than anything else... Here then, we make not the confident and conspicuously generous resolutions of our moment of light, but we abandon ourselves in submission, colorlessness, hiddenness, humility and distress to the will of God. We see there is no hope but in Him, and we leave everything, finally, in His hands. "Take heed, said Jakob Biehme, "of putting on the Christ's purple mantle without a resigned will." 
Dread is an expression of our insecurity in this earthly life, a realization that we are never and can never be completely "sure" in the sense of possessing a definitive and established spiritual status. It means that we cannot any longer hope in ourselves, in our wisdom, our virtues, our fidelity. We see too clearly that all that is "ours" is nothing, and can completely fail us. In other words, we no longer rely on what we "have," what has been given by our past, what has been required. We are open to God and to His mercy in the inscrutable future and our trust is entirely in His grace, which will support our liberty in the emptiness where we confront unforeseen decisions. Only when we have descended in dread to the center of of our own nothingness...can we be led by Him, in His own time, to find Him in losing ourselves. 
[...] The whole mystery of simple contemplative prayer is a mystery of divine love... 
[...] But true [contemplation] is that which transcends all things, and yet is immanent in all...The character of [this Christian contemplation] is pure love, pure freedom. Love that is free of everything, not determined my anything, or held down by any special relationship. It is love for love's sake. It is a sharing, through the Holy Spirit, in the infinite charity [and love] of God. And so when Jesus told his disciples to love, he told them to love as universally as the Father who sends his rain alike on the just and unjust. 
---From Contemplative Prayer, Chs. 15 & 16, by Thomas Merton (1996, 1966)
 That so-called "dark-night" experience is a daunting abyss to stand at the edge of and look into, never mind casting yourself faithfully, trustingly, headlong into it. But, in their faith and contemplative walk, that is just what many are called to do, if they would find shared identity in the light and love of God. We are advised that some do it with greater faith and trust than others, and some cannot do it at all. Some keep taking two steps forward and one step back; and some go just so far and stop, living as their situation provides for them in the new light and understandings of their spiritual way station.

The Sufi poet Hafiz offers this poem that affirms shared experiences and understandings of the contemplatives of different faith traditions. Hafiz:
Love is the Funeral Pyre*
Love is
The funeral pyre
Where I have laid my living body. 
All the false notions of myself
That once caused fear, pain,
Have turned to ash
As I neared God.  
What has risen 
From the tangled web of thought and sinew
Now shines with jubilation
Through the eyes of angels
And screams from the guts of
Infinite existence itself. 
Love is the funeral pyre
Where the heart must lay
It's body.
So then, to what place or what end this most challenging and difficult of divine dances, this spiritual totentanz. Hafiz offers us perspective, if not understanding, in more of his poetry, perspectives and understandings embraced by Merton and spiritual contemplatives of other stripes as well. Again, Hafiz:
In Need of The Breath* 
My heart
Is an unset jewel
Upon the tender night
Yearning for its dear old friend
The Moon.
When the Nameless One debuts again
Ten thousand facets of my being unfurl wings
And reveal such a radiance inside
I enter a realm divine--
I too begin to so sweetly cast light,
Like a lamp,
Through the streets of this
World.  
My heart is an unset jewel
Upon existence
Waiting for the Friend's touch. 
Tonight
My heart is an unset ruby
Offered bowed and weeping to the Sky.   
I am dying in these cold hours
For the resplendent glance of God. 
I am dying 
Because of a divine remembrance
Of who I really am. 
Hafiz, tonight,
Your soul
is a brilliant reed instrument 
In need of the breath of the
Christ.
*From The Gift: Poems by Hafiz, the Great Sufi Master (1999), as rendered in English by Daniel Ladinsky.

Thursday, January 26, 2012

Warren Buffett, On a Stronger, More Accountable America

Warren Buffet has always commanded my admiration and respect, a man whose views and values extend well beyond his personal interest to what is good, fair and effective economic and social policy for America. I suppose it helps that my own views and values often track closely to his. 

In a recent Time article, Warren Buffett Is On a Radical Track, by Rana Foroohar, he is profiled and quoted liberally about his prescriptions and preferences for a better, fairer, stronger America. Rather than summarize or paraphrase, I feel it best to let the the author and Mr. Buffett speak for themselves. But, it is a lengthy article, so I've selected a number of quotes from both that resonated most with me.
  • Warren Buffett believes in making money. He believes in fairness. He believes in the ability of government to make people's lives better. But most of all, he believes in luck. 
"I've had all this good fortune," Buffett says. "It starts with being born in this country, though. It starts with being born male in 1930.
    Genes, luck and birthplace may have helped make Buffett the world's third richest man. But in the past year, his good fortune has also turned him into one of America's most unexpected radicals. He's an ardent capitalist who is demanding higher taxes on the rich and more government spending on the rest to solve our economic problems. Although he is giving away 99% of his $45 billion fortune, he operates less out of a sense of noblesse oblige than noblesse outrage. The country that made him rich is lousy with bailout billionaires, a culture of selfishness and a loss of opportunities. "We can rise to any challenge but not if people feel we're in a plutocracy," he says. "We have to get serious about shared sacrifice."
  • Shared sacrifice, to Buffett, means not just higher taxes for the rich--who often pay extremely low rates on money made by moving money around--but also curbs on short-termism. He'd like to see speculative-trading gains taxed at much higher rates. He believes CEOs of publicly bailed-out institutions should be on the hook for everything they own if their institutions go bust. He's only half joking when he says he'd like to see private schools banned so that rich families would be forced to invest in the public K--12 system. (No Buffett in Omaha has ever gone to a private school, he notes proudly.) And he's for a complete overhaul of health care, which he calls "a tapeworm in America," one that cuts corporate competitiveness far more than taxes do.
    It's the opposite of the Darwinian capitalism embraced by many prominent conservatives who believe the market is the only means to distribute the economy's assets. "The market system rewards me outlandishly for what I do," Buffett says, "but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan."
He doesn't want to stop bond traders from making their billions: "Capitalism has unleashed more human potential than any other system in history." But, he says, "we need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in society." Bond traders and corporate raiders of the world, take note: your higher taxes should subsidize bridge builders and child-care workers.
  • At 81, Buffett says he's in a unique position to speak out. "If you are a CEO or you have to deal with a conservative board or you have a boss that might get upset by what you say, you can't do what I do. But I don't have a boss. It's hard to hurt me. If you don't speak up now, when are you going to? As my partner Charlie told me, it's like saving up sex for your old age!"

  • The reason people listen to Buffett, at a time when being the 0.001% may not seem like the best public relations asset, is that in matters of finance he's very often right. But it's also that he's not like other billionaires.

Buffett lives not on an isolated island of wealth but in Omaha, in a shingle-roofed five-bedroom house on an unpretentious street that looks as if it might belong to a successful dentist. He bought it for $31,500 in 1958. The corporation he runs, Berkshire Hathaway, owns 76 businesses--from a candy company to an electric utility--that throw off $1 billion a month in free cash, and he holds major stakes in many of the country's biggest blue-chip firms, including Coca-Cola, American Express, IBM and Procter & Gamble. Yet aside from his indulgence in private air travel (he named his first jet the Indefensible), he estimates his personal yearly expenses to be no more than $150,000. The company canteen in his small office suite, where he has a habit of walking around turning off lights in empty rooms, features a beat-up wooden table, a faux-leather sectional couch and Formica countertops.

His investment habits are as austere as the decor. In an age of leverage, he likes to steer clear of debt, preferring to keep from $10 billion to $20 billion of liquid assets on hand at all times--"so that I can sleep better," he says. In a world of high-frequency traders with two-hour sell windows, Buffett's investment horizon is somewhere between 10 years and forever.

He grew up in Omaha and Washington as the son of a U.S. Congressman and was once president of the University of Pennsylvania's Young Republicans Club. Now he's President Obama's highest-profile supporter, a crusader for higher taxes on the millionaires' club. As he wrote in an op-ed article for the New York Times last summer, in which he noted that his personal tax rate was lower than that of his office staff, Washington needs to "stop coddling the superrich." Millionaires, says Buffett, should pay more taxes--a lot more. And companies certainly shouldn't pay any less.

  • His worry is that in this era of late-stage capitalism, the next generations won't be as lucky as he has been. The problem of inequality is likely, he says, to get worse. When people can't climb up the ladder, it's bad for the economy--and for his companies. He doesn't believe that the U.S. can innovate its way quickly back to a 1950s level of shared prosperity, nor does he think education will entirely close the gap. "The truth is that there will always be a bottom 10% in terms of capacity," he says. "Someone in America who has a 90-point IQ is qualified for many fewer jobs today than he was 100 years ago."
The solution, to him, is obvious. "People who make withdrawals from societies' resources--like me with my plane--should have to pay a lot for it." That means not only higher taxes for the rich and an extremely progressive European-style consumption tax but also fewer loopholes for corporations. Buffett says it's "baloney" that corporate America's tax rates are too high and says companies should not be allowed to repatriate profits tax-free. (It'll just encourage more investment to flow overseas.) In general, he says, "I find the argument that we need lower taxes to create more jobs mystifying, because we've had the lowest taxes in this decade and about the worst job creation ever."
  • But [his first wife, Susie] was also responsible for deeper transformations, like Warren's conversion from Republican to Democrat. A civil rights supporter, Susie was involved in helping integrate Omaha in the 1960s, going so far as to front for blacks who wanted to buy houses in white neighborhoods. She took Warren to hear people like Martin Luther King Jr. speak. One speech in particular, given at Iowa's Grinnell College, became a turning point for Buffett. The topic was "Remaining Awake During a Revolution," and one line in particular chimed deeply with the young investor: "It may be true that the law can't change the heart," said King, "but it can restrain the heartless." It was something that Buffett began to think deeply about. Led by Susie, he became more involved in liberal politics, helping overturn anti-Semitic membership rules at the Omaha Club and doing Democratic fundraising at a national level.
  • As anyone who reads the financial press knows, Buffett is a "value investor," which means that he seeks to buy companies and stocks that are selling for less than they are fundamentally worth. It's a skill he learned from his Columbia Business School professor Benjamin Graham, whose book The Intelligent Investor Buffett memorized early in his career. Value investing is a task that involves forensic examination of a company's balance sheet. It was one to which Buffett, a numbers geek who'd read every book in the Omaha public library by the age of 11 and who enjoys poring over Moody's Manuals in his spare time while eating potato chips, was well suited. Even now, he can call to mind prodigious amounts of data, from the value of the Dow in 1932 to the number of housing starts needed to equal 2006 rates.
Buffett believes that once the housing market recovers, the U.S. economy will be back on track. "Once we get back to a million housing starts per year"--the current tally is 685,000--"I think pundits will be surprised just how fast unemployment will come down in this country," he says. "There are 4 million people hitting age 22 every year in this country. Sure, you can double up on households for a while, but at some point, hormones kick in, and living with your in-laws loses its allure." Buffett notes that nearly every one of his major nonhousing businesses has had several strong quarters, and Berkshire companies are making a record number of investments, the vast majority of which are in the U.S. "I am 100% sure that people in this country will be doing more business 10 years from now than they are today.
  • But Buffett insists his optimism isn't emotional but quantitative: he focuses not on media headlines about America's inevitable decline or cheerleading about innovation and education but on the underlying data. Basic demographics favor the U.S. over nearly every other rich country in the world. And with corporate America so lean and inventories so low, the growth engine, in his view, has to kick in soon.
The numbers over the past few months have been good: jobless claims are ticking down, and consumer confidence is up. That's great news for Berkshire, since Buffett's portfolio is made up almost exclusively of large U.S. companies and American blue-chip multinationals. Even in the midst of the financial crisis and recession that followed, he remained a U.S. bull. Berkshire spent $15.6 billion in the 25 days after Lehman Brothers' September 2008 collapse, buying up many assets on the cheap. Although Berkshire lost 9.6% of its net worth in 2008, Buffett did better than most everyone else and came across as a stabilizing influence during the financial crisis, speaking out on behalf of the government's management efforts. (He wrote a "Dear Uncle Sam" thank-you letter for the bailouts to the Obama Administration in the New York Times.) "You can see what happens when you have a Plan B, as you have had in Europe, where people have dithered and been unable to come together," he notes. "I think Paulson, Bernanke, Geithner, Sheila Bair, President Bush and Obama--they all behaved magnificently.
  • I ask Buffett if, when he started, his aim was to be the richest man in the world. "I knew I wanted to make a lot of money. But that's because I knew I wanted to be independent. That was very important to me. The money itself is all going to charity," says Buffett, who in 2006 pledged 99% of his personal wealth to charity, with the bulk going to the Bill & Melinda Gates Foundation. "I'm really just a steward of it for now." Supply siders like Arthur Laffer have tried to paint him as a hypocrite for his giving. A recent Laffer opinion piece in the Wall Street Journal bashed Buffett for, among other things, shielded income like unrealized capital gains (taxed at 0%) and charitable contributions (which are tax-deductible). "Well, I had a net unrealized loss last year," notes Buffett. "But if Arthur has a plan for how he wants to tax unrealized gains, I'd love to hear it. It's an interesting thing for a Republican to put forward!When Buffett isn't giving, he's teaching. Many of the rich and famous seek his counsel about business and philanthropy. Recent visitors include Fiat scion John Elkann and the Baroness de Rothschild, whom Buffett took to Piccolo's, the modest family-owned Italian steak house where we sit eating dinner. "She loved it here," Buffett says. "She had a root-beer float for dessert."
  • When Buffett isn't giving, he's teaching. Many of the rich and famous seek his counsel about business and philanthropy. Recent visitors include Fiat scion John Elkann and the Baroness de Rothschild, whom Buffett took to Piccolo's, the modest family-owned Italian steak house where we sit eating dinner. "She loved it here," Buffett says. "She had a root-beer float for dessert."
  • But on taxes and the debilitating growth of partisan politics, he doesn't mince words. He was horrified by the debt-ceiling debacle this summer and shocked that Republicans were willing to play a game of political chicken with the goodwill and faith put in the world's reserve currency. He was disappointed that so many financiers who'd supported Obama and received the benefits of the financial bailouts were unwilling to support higher taxes to help close the deficit.
  • He's also got a few choice words about the Republican presidential candidates and their ideas about bootstrapping and "merit" economies. "This whole business about Newt Gingrich going down to Occupy and saying, 'They ought to be getting a job,' that's just--you know, maybe they can be historians for Freddie Mac too and make $600,000 a year." When I ask whether Mitt Romney is a job creator or destroyer, Buffett says that while businesses shouldn't hang on to people they don't need, "I don't like what private-equity firms do in terms of taking out every dime they can and leveraging [companies] up so that they really aren't equipped, in some cases, for the future." 
  • As for President Obama--should he win re-election--Buffett would like to see him lay out the truth about the road ahead to the American people. "I think that the American people would be pretty responsive to shared sacrifice if it was really shared and they knew what to expect," says Buffett. "I've always thought that part of my job at Berkshire is telling people what they should expect and what they shouldn't expect from us. I don't want to be held to things I can't do. On the other hand, I shouldn't totally downplay what can be done just to create a phony target."
Buffett feels the President missed an opportunity to do that right after he took office. But he's optimistic that it can still be done. "We need to tell people that the road is going to be long. We've got too many damn houses. They're not going to go away. This recovery is going to take a long time. And the financial crisis has exposed a lot of flaws in our system." But the flaws can be fixed. With the right rules, says Buffett, our system can work again. "It's like Martin Luther King said. We aren't trying to change the heart. We're trying to restrain the heartless.
"Isn't that," he asks, "what government is all about?