Oct. 21, 2009
-- Followers of Buddhists are known for being very peaceful and oriented individuals. They seem to know the answer to everything and anything they say sounds like it could be written on a fortune cookie -- wise and humble. These two traits alone are great aspects of Buddhism that should be learned and implemented into the business of banking. In the financing field, it is very stressful, so you can imagine how it can cause someone to lose focus and their morale. A lot of bankers and those that work in the field of banking are over-stressed and have to do things they feel are ethically wrong, such as turning away a nice couple for a home loan or having to call a man over and over asking for payment when you know he is unable to pay due to a recent layoff.
In the world of investing, Buddhism can teach principles involving patience, intellect and serenity. It is important that investors constantly make sound judgments for themselves and the clients they represent. One wrong move could cost them lots of money and in some cases, their job. By implementing principles of Buddhism could help to keep a balance in the banking sector.
There are various principles that can be learned, but the most known are The Four Noble Truths. The first is: Life means suffering. This basically teaches you that you should accept the idea of the world suffering. Everyone has to go through it physically, mentally, emotionally and spiritually. People get sick, hurt, old and pass away. Enduring through fear, disappointment, depression and frustration is something we all have to do at some point in our lives. But with all of this suffering, there comes positive experiences that give us ease, happiness and comfort. By accepting that the world isn’t perfect and is incomplete, you can proceed to the second principle: The origin of suffering is attachment.
This makes a lot of sense because in order to suffer, you must be attached to something that is making you suffer. For instance, a lover who breaks up with you or a hedge fund that goes down the drain. In order to prevent this from occurring, we must detach ourselves from transient things, which include objects and ideas. Understanding that people and things are temporary will allow you to let go easily when the time comes. Third is: The cessation of suffering is attainable; this simply means to remove the cause of suffering and detaching oneself from passion. Only then can you witness freedom from all worries, troubles and complexities. Worrying never did anyone any good, so rid yourself of it. Remember, life is what you make it.
Last is: The path to the cessation of suffering, which teaches self-control and self-improvement, which slowly brings suffering to an end. This is known as the midway point between excessive self-indulgence and self-mortification. Overall, implementing these principles into banking could bring about less stress and worries and allow the mind to make sounder decisions.
Robin Trehan is associated with the PE firm of Credit Capital Funding. More infromation on him can be found at www.CreditCapitalFunding.com or www.BusinessCreditFunding.com