As today is the anniversary of her birth... "Literature is strewn with the wreckage of men who have minded beyond reason the opinions of others." - Virginia Woolf
"I thought how unpleasant it is to be locked out; and I thought how it is worse, perhaps, to be locked in." - Virginia Woolf
Past success with over confidence can act to have us continue down a path that no longer works. As traders, we understand that deal.
I`ve read a little about buddhism and buddha... But I couldn`t convince myself of it... Especially the part about the true path to happiness being a "freedom from desire"... Not only that, but also the thought that all pain and suffering comes from the existence of desire. I respect your beliefs and I have nothing against it... But I must say I find it curious that you enjoy these teachings... I personally believe that desire and greed are the best things this world has, because all advances in mankind came from these two... And nobody becomes a trader without the persistence that these two generate in the individual that is trying to become one... Do you use only what you think is worth or do you try to follow buddhism entirely?
I am no Buddha and am far from "enlightened" but I have found meditative practice help me look beyond "noise" and see through irrelevant convictions. It also helps to keep me "in the moment" and not get bogged down in fretting about the future or agonizing about past failures. The effect on my trading has been considerable.
But yes, Buddha came to believe that attachments lead to suffering and that everything we need is within us. But again, I am no Buddha
Sure... I believe you... kkkkk I'm just saying I find it curious... I'm more of a Gordon Gekko type of guy... "Greed is good"...
The 1960's, 1970's were golden years, kind of blissful. The world was recovering from the devastation of WW2. The economy really began to hum along and people appeared to be super contented. The greedy capatilism attitude just was not there I don't believe. Has been my opinion for a long time, if only people could be content earning enough to be moderately comfortable. I also recall the era when interest rates rose, house prices rose, people were chasing larger mansions, it became 'mandatory' for the wife to work so that people could buy more. That time then seemed the beginning of the end - the race to the bottom of capatilism had begun.