A couple of times a year I block out all my reading time for a week to focus on knocking out a few books in a given subject. This has been one such week. I have tinkered around with meditation apps for a couple of years but I can’t really say they have helped me. So, I decided to review my list of books to read and see what I had saved regarding the subject of meditation and mindfulness. Below are the four books I read and a couple of others I plan to get to soon.
I always feel guilty tackling a subject that isn’t directly related to financial planning but a common theme I have come across from many great investors and leaders is some sort of mindfulness practice. I have long held that stoicism is important in helping people make investment decisions. Mindfulness fits into this as well.
The further away we get from the last major market decline the harder the next one will be to stomach. Guiding clients and ourselves through this will be as important as it was in 2008. It will be important as ever for advisors to make evidence based decisions with a sense of mindfulness and stoicism.