Apply 4 Noble Truths of Buddha to Investments and You will have your FINANCIAL NIRVANA for sure

07 February 2018

Apply 4 Noble Truths of Buddha to Investments and You will have your FINANCIAL NIRVANA for sure

Greetings from Hitesh! Today I am taking up 4 steps of Buddhism and applying it to investment success. Let me shares 4 noble truths which are the base of Buddhism.

1.  Life is suffering. It has a THREE ASPECT. First there is suffering. Suffering should be understood / accepted, and suffering is accepted.

2.  There are causes of suffering. There is an origin of suffering due to attachment of desires. Desires should let go of and desire has been let go of.

3.  You can end suffering.     There is an end to suffering. The end of suffering should be realised. The end of suffering had been realised.

4.  You can move towards HAPPINESS.     There is eight-fold path towards happiness. The path should be developed. The path has been developed. Buddha gave 8 steps for the permanent happiness and they are – Right Understanding / Right Intentions / Right Speech / Right Action / Right Livelihood / Right Effort / Right Mindfulness and Right Concentration.  

On the same line I have prepared 4 noble truths of Investment. If followed, I assure, you will reach your financial nirvana with utmost easiness. However, you should not make them as a steps towards your GOAL.

1.  Investment is a Loss. I am sure as an investor you would have faced losses sometimes and profit also. But when I say investment is a loss, you may find it difficult to digest. Just reflect on this. What happens when you invest? You park your fund in some shares / gold or land or anything you consider as investment. It means the money will not be used if they remain invested in those assets. The price may increase, and you may feel notional profit or price may decrease, and you may feel notional loss. But, total money is a loss for you. If you die, your next generation may use them. But for you it is a loss. Today we think WARREN BUFFETT is a number one investor and he is a billionaire. But FACT is he is not going to use this money. So, it is a loss for him.

2.  There are causes of Losses: - Your desire to make profit / your desire to see prices going up, up and only up is the major cause of loss to you. The desire should go, and you should realise that desires have gone.

3.  You can end your losses. Once you realise that the cause of your losses is your desires and you yourself can let go of your desire. Once your desires are gone, you can your losses immediately.

4.  You can move towards profit by following 8^th fold path. Right understanding and right intentions leads to knowledge that the goal of investment is not to make money but to test one’s skill set to go right in predicting the market and share prices behaviour. The focus should be on SKILL sets and not on the price movement. In GITA this is called – YOG KARMSHU KAUSHALAM. Expertise in the KARMA is the YOG. This is a part of WISDOM.

Then comes the MORALITY by following RIGHT SPEECH / RIGHT ACTION and RIGHT LIVELIHOOD. Look at BUFFETT, he lives the simple life despite being the richest and most successful investor we have ever seen in the history of mankind. He follows the MORALITY of money management.

Then comes the last three – Right Efforts. Right Mindfulness and Right Concentration. Look at BUFFETT he has pledged to donate his 90% of the wealth to the NEEDY GUYS. Now, his total loss has become profit because he is making a difference in millions of people’s life with his skill of making money. In GITA it is known as LOK KALYAN.

What NEXT?

The above four are a must to reflect on the life and investment behaviour. I have personally found them very useful to me. I suggest you try them with open mind and see the difference in your life and investments.

Have a great investing experience.

Follow me on Twitter @hiteshmparikh /  WhatsApp - +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh.