My equity broker has a very high self esteem, spends a lot of time in meditation, practices and teaches Reki, and generally leads a very healthy life. I asked him once to explain the reasons of his peace of mind – he really looks tranquail.
His choice of friends, clients, food, books, etc are all towards reducing the stress in his life.
He made a very good confession – he does not watch television nor does he read the newspaper. I was quite stunned – being an equity broker did he not have to be well informed about the market? He said if there is something really important – some client would read and tell him. Other than that he did not care. He also felt that his ability to think about equity markets was likely to reduce if he read the newspaper or watched television. So he avoided both….and traded happily ever after….!
He also said that the television also ensured that you felt bad for most of the time that you watch it – it tells you how your fund is the 205th in a rank of 254 funds, you are too fat, your clothes look dull….imagine what all this does to your ego?!
If you see the ranking of mutual funds – keep comparing the previous months table to the current month’s table, you will be surprised at how the ranking keeps changing. For many of us who are looking for some action, quarterly appraisal is a nice ‘time – pass’ activity.
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