The Secret of Continuing Success for Traders and Investors
Bill Gates knows it. So does Warren Buffet, Conrad Hilton, Andrew Carnegie and many others like them. The secret is charity – simple, from-the-heart, altruistic giving to the needy and the less fortunate. Google’s variant of ‘for-profit charity’ is something I do not know enough to comment on.
All religious faiths encourage it – ‘Blessed are the givers’. Here, I will focus on this charitable act of giving according to the lessons I learned from my teacher of about 2600 years ago.
Performing charity is an act of merit which begets more blessings. When you perform this meritorious act, share it with the rest of world. All you need to do is to think “I want to
share this merit with the whole world”, when giving your bit to a charitable
cause. Best of all, this sharing does not lessen the value of the merit.
Merit sharing is like sharing of digital content, be it an article, software, screensaver. E-book, mp3 or video clip. The content does not diminish with every extra download. In fact, the more downloads the more popular it becomes. This is the same with merit sharing.
Traders and investors are a blessed lot – they make enough to cover the basic needs of food, shelter, medicine and savings. The excess are used for investment and trading.
When there are windfall profits, consider giving a portion of it to your favorite charity regularly. The benefits of seeing the recipient’s reaction should be reward enough. Bear in mind the spirit has to be altruistic.
Every trader or investor I know who practices it realized the validity and benefits. Somehow one does not make disastrous decisions or have long-positions in a stock market crash.
Do I know this for a fact, an irrefutable law? No, I don’t. The approach I use is experimentalist – try it out and draw your own conclusions. All I can deduce is a compassionate person is also a person with humility. You and I know humility is a necessary trait for traders and investors in financial markets.