Worry is a terrible business and investing strategy. In the realm of investing, worry can be a costly emotion. Shantideva once said, "If you can solve your problem, then what is the need of worrying? If you cannot solve it, then what is the use of worrying?" Taking this insight to heart, I've shifted my approach. Instead of fretting over every fluctuation in the market, I've adopted a more strategic mindset. I've developed contingency plans: - If an investment underperforms, I'll do X.
- If the market takes a downturn, I'll do Y.
- If unforeseen events impact my portfolio, I'll do Z.
By proactively outlining these plans, I've mitigated the need for constant worry. They serve as a safety net, allowing me to navigate uncertainty with confidence. After all, in the world of investing, having a plan is often the most effective strategy.
******* Śāntideva (late 7th to mid-8th century CE) was a Buddhist monk, philosopher, and poet whose reflections on the overall structure of Buddhist moral commitments reach a level of generality and theoretical power that is hard to find elsewhere in Indian thought. His writings were immensely influential in the development of the Tibetan religious tradition. |
