Up and Down We GoTo read the intro to this retrospective series of posts, go here.
Original post date: October 20, 2008
Even as a layman, it's been hard watching the stock market yo-yo up and down. One day it's way up, the next day it's way down. In fact, over the past two weeks, the stock market and the proverbial Dow Jones Industrial Average seem to rise and fall each day like the tides here on the Pacific Coast.
I don't pretend to understand all the nuances of stock trading. Any time I tune in CNBC or CNN, the floor of the stock exchange seems to resemble a Chinese fire drill or the Keystone Cops, more than anything else. All I see are traders running around screaming at the top of their lungs and waving slips of paper.
So, while I certainly don't claim to be a stock market expert, I have come to one conclusion. The folks of the Dow could learn a thing or two from the folks of the Tao.
The whole point behind Taoism is to seek harmony and balance -- neither too high nor too low. Taoist thought stresses the need to find the state contentment, not soaring happiness nor the depths of despair. Finally, Taoism teaches to live a disciplined life and not worry so much about outcomes.
Can you imagine a Tao Jones Industrial Average?
Saturday, November 27, 2010
Looking Back to 2008: Up and Down We Go
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Most investors, brokers, etc. think that growth, growth, growth is good. Balance means you aren't getting rich. So move around your investments into what's going to grow the fastest. That's why I don't even pay attention to the stock market. I don't have a crystal ball to figure that out, and it's much more peaceful if I don't even try.
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