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Lessons from the Gita for market practitioners: Different paths to the same goal

Lessons from the Gita for market practitioners: Different paths to the same goal

Finance
As you grow older, your reading pattern changes. I find myself engaging in more of spiritual reading and, of course, many of those texts are based on concepts from the Bhagavad Gita. Reading some parts, I was struck by the relevance that some of the observations in that great text can have for financial markets. This is a bad habit I have, of taking every good thing of life and transporting those into the market context, because I try and draw a lot of parallels between how you live and lead your life and how you act and perform in the markets. In Chapter 12 of the Gita, Arjuna asks Krishna as to which form of worship will be more preferred – whether through the form of the Lord or through meditation on the formless nature of the Lord. While the Lord answers Arjuna in different ways to mak...
Mobile networks to make Oak lessons site data-free

Mobile networks to make Oak lessons site data-free

Technology
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These financial advisors applied for the PPP loan. They share some lessons learned

These financial advisors applied for the PPP loan. They share some lessons learned

Finance
filadendronAs small businesses sought emergency federal loans, financial advisors not only assisted clients, but also applied for aid to bolster their practices.The Paycheck Protection Program, the $ 349 billion small-business loan offering, ran out of money on April 16 after being open for close to two weeks.More than 1.6 million businesses were approved for funding, according to Treasury. The loans are forgivable, but at least 75% of the forgiven amount must be put toward payroll.Indeed, keeping employees afloat and keeping the lights on were the primary motivators for financial advisors who applied for the loans. Clients' portfolios – as well as advisors' revenues – are already taking a hit as market downturns put a dent into assets."If this thing lasts six months to a year, knowing rev...
Lessons to a columnist’s previous self

Lessons to a columnist’s previous self

Finance
IN A British television show, “Doctor Who”, the titular character is able to travel anywhere in time and space in his Tardis police box. Given access to that technology, what useful message would this columnist impart to his previous self, nearly 12 years and 550 columns ago?The first lesson would be to avoid confusing the economy with the financial markets. If you looked at share prices alone, you might assume the intervening period had been calm; the S&P 500 index is around double its level when this column began in September 2006. But though the markets have long since recovered their sangfroid after the crisis of 2008-09, the trend growth rate of developed economies has never regained its strength. That is a bitter irony given that the crisis originated within the finan...
Blockbuster movie Black Panther provides these 4 valuable money lessons

Blockbuster movie Black Panther provides these 4 valuable money lessons

Finance
"A man who has not prepared his children for his death has failed as a father."When I watched King T'Chaka's declaration to his son, T'Challa, in Disney-Marvel's box-office hit Black Panther, the Dora Milaje warrior spirit in me surfaced and brought forth my financial planner's spear!This mystical, ancestral scene piqued my curiosity regarding how King T'Chaka's legacy would unfold in T'Challa's reign as the new king of Wakanda.Preparing the next generation for leadership includes guidance on managing resources and wealth. This lesson is gender neutral despite the gender-specific reference made by King T'Chaka. In another poignant scene T'Challa's mother, Queen Ramonda, also affirmed the parental and community influence in grooming T'Challa for his ascension to the throne.The state of affa...