To Make a Killing on Wall Street, Start Meditating

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To Make a Killing on Wall Street, Start Meditating

Postby Derek » Wed May 28, 2014 12:01 pm

Finally, an authentically American Buddhism:

http://www.bloomberg.com/news/2014-05-2 ... ating.html
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Re: To Make a Killing on Wall Street, Start Meditating

Postby farmer » Wed May 28, 2014 4:22 pm

From the article:

“Meditation used to have this reputation as a hippie thing for people who speak in a particularly soft tone of voice,” Michaelson says. Not so. “Samurai practiced meditation to become more effective killers,” he says. So too did kamikaze pilots. “It’s value neutral,” Michaelson says.

Workers at Goldman Sachs Group Inc. (GS) are folding into the lotus position in droves, says Elizabeth Sudler, an instructor the firm retains. Classes where students breathe and monitor their wandering minds have waiting lists several hundred long, Goldman spokesman David Wells says. One trader there gets a twinge in his gut when he senses a move in the markets, Sudler says. Meditating gives him an edge, he told her, by tuning into that sensation more reliably.


It is depresing that "value neutral" is considered a selling point on Wall St. "Don't worry, it isn't going to turn you into a better person or anything like that..."
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Re: To Make a Killing on Wall Street, Start Meditating

Postby Sam Vara » Wed May 28, 2014 4:47 pm

They are welcome to it. What we should be developing are mindfulness and concentration as factors of enlightenment, not as a means of making money.

"And what is the food for the arising of unarisen restlessness & anxiety, or for the growth & increase of restlessness & anxiety once it has arisen? There is non-stillness of awareness. To foster inappropriate attention to that: This is the food for the arising of unarisen restlessness & anxiety, or for the growth & increase of restlessness & anxiety once it has arisen....

what is the food for the arising of unarisen mindfulness as a factor for Awakening, or for the growth & increase of mindfulness as a factor for Awakening once it has arisen? There are mental qualities that act as a foothold for mindfulness as a factor for Awakening [well-purified virtue & views made straight]. To foster appropriate attention to them: This is the food for the arising of unarisen mindfulness as a factor for Awakening, or for the growth & increase of mindfulness as a factor for Awakening once it has arisen

http://www.accesstoinsight.org/tipitaka/sn/sn46/sn46.051.than.html

These people might come to regret their mental skills.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby Mkoll » Wed May 28, 2014 7:24 pm

I'm hardly surprised. Meditation tends to make people calmer and more focused, in whatever form it takes. Next, it will be soldiers.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby Anagarika » Wed May 28, 2014 8:35 pm

I wrote one of the reporters of the article (Anthony Effinger), and he responded today, in part, with this: "And please let me know if you see anything on your horizon there that might resonate with the Wall Street crowd (our audience)." If anyone here has any ideas of subjects for a second article on meditation and Wall Street, along the lines of the first, feel free to weigh in. I will pass them on to the authors. I suggested that one area of exploration might be whether Wall Streeters might, with a solid meditation practice, develop different attitudes towards money, and cultivate not just empathy for the less fortunate in the world, but compassionate action toward helping others that suffer from lack of resources, food, clean water, or shelter. In other words, accumulating money not as a way of keeping score, or acquiring more toys or beach houses, but as actually balancing the requirement to produce revenues for their investment firms against using some portion of their exorbitant incomes to benefit others.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby Kusala » Thu May 29, 2014 1:08 am

Mkoll wrote:I'm hardly surprised. Meditation tends to make people calmer and more focused, in whatever form it takes. Next, it will be soldiers.


U.S. Marines studying how meditation could make them tougher
http://www.ctvnews.ca/world/u-s-marines ... -1.1121189
Image

Homage to the Buddha
Thus indeed, is that Blessed One: He is the Holy One, fully enlightened, endowed with clear vision and virtuous conduct, sublime, the Knower of the worlds, the incomparable leader of men to be tamed, the teacher of gods and men, enlightened and blessed.

Homage to the Teachings
The Dhamma of the Blessed One is perfectly expounded; to be seen here and now; not delayed in
time; inviting one to come and see; onward leading (to Nibbana); to be known by the wise, each for himself.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby santa100 » Thu May 29, 2014 3:19 am

From Ven. Bodhi's Noble Eightfold Path
However, samadhi is only a particular kind of one-pointedness; it is not equivalent to one-pointedness in its entirety. A gourmet sitting down to a meal, an assassin about to slay his victim, a soldier on the battlefield — these all act with a concentrated mind, but their concentration cannot be characterized as samadhi. Samadhi is exclusively wholesome one-pointedness, the concentration in a wholesome state of mind. Even then its range is still narrower: it does not signify every form of wholesome concentration, but only the intensified concentration that results from a deliberate attempt to raise the mind to a higher, more purified level of awareness.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby SarathW » Thu May 29, 2014 3:36 am

Hi Santa
Then, what is meant by Mitya Samadhi?

By the way there is another post relating to similar subject.

viewtopic.php?f=14&t=16371&start=20
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Re: To Make a Killing on Wall Street, Start Meditating

Postby Mkoll » Thu May 29, 2014 6:57 am

Kusala wrote:
Mkoll wrote:I'm hardly surprised. Meditation tends to make people calmer and more focused, in whatever form it takes. Next, it will be soldiers.


U.S. Marines studying how meditation could make them tougher
http://www.ctvnews.ca/world/u-s-marines ... -1.1121189


Next, it will be politicians!

:tongue:
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James
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Re: To Make a Killing on Wall Street, Start Meditating

Postby santa100 » Thu May 29, 2014 2:40 pm

SarathW wrote:Hi Santa
Then, what is meant by Mitya Samadhi?

I'd suppose any kind of samadhi that doesn't lead to the arising of insight and the abandonement of lust, hatred, and delusion can be classified as micchaSamadhi, as in DN 34:
Ten causes of wearing away: by right view wrong view is worn away, and whatever evil and unwholesome states arise on the basis of wrong view are worn away too. And by right view many wholesome states are developed and perfected. By right thought, wrong thought is worn away… by right speech wrong speech is worn away… right action… right livelihood… right effort… right mindfulness… right concentration… right knowledge… right liberation… and by right liberation many wholesome states are developed and perfected.
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Re: To Make a Killing on Wall Street, Start Meditating

Postby SarathW » Fri May 30, 2014 12:32 am

Thanks Santa
Some commentators reserve the word Samadhi only for right concentration.
It appears to me that word Samadhi can be used for wrong concentration as well.
:thinking:
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