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July 21, 2010

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Kent @ The Financial Philosopher

For those of you who are investment traders, I have written a post similar to this one with focus on self-awareness as a trader and how it pertains to ego.

The post is at The Big Picture. Here's the link:

http://www.ritholtz.com/blog/2010/07/ego-illusionist-traders-nemesis/

Cheers...

Kent

liah

Delightful.

Charles Faulkner

Kent,

As our discussion is getting a bit apart from the usual readers of Barry's blog, I decided to respond to you here. In fact, I was going to offer that Heidegger quote on language, but thought it was too intellectual. You show it's not so. I am glad to be led to your site.

Kent @ The Financial Philosopher

Charles:

I'm glad to be led to your site as well. I'll read more of it tomorrow.

As for the thought of being too intellectual, I am reminded of Nietzsche who was vastly misunderstood. He humorously dismissed those who misunderstood him because he was not writing for them.

I have blogging friends who have told me that I use too many words and should make my thoughts more easily understood. I do not intend to appear arrogant but I simply ask "Why?" and there never is a satisfactory answer!

Readers are more intellectual than the mainstream gives credit. If they are not intellectual, then let them learn.

I look forward to more discussion some other time...

Kent

GregLinster

Hey Kent!

Ego is ubiquitous; I'm not sure if one can fully transcend it to a purely observant view void of attachment. Also, I'm not sure I could quantify what ego has cost me monetarily or spiritually for this very reason.

"The only true wisdom is in knowing you know nothing.” - Socrates

Cheers,
Greg

Kent @ The Financial Philosopher

Good points Greg.

I believe the attempt to "fully transcend" ego may be nearly as self-defeating as completely living within ego's grasp.

As another TFP reader has said, the attempt to overcome ego, paradoxically, can be an "ego trip" in itself.

I like the philosophical idea of "thinking about thinking." In the realm of personal finance, this is accomplished by virtue of making conscious choices with money.

Make money a tool; otherwise your life may become a tool for money....

Julie Soforenko

This post really hits a soft spot to me these days. As one who is often trapped in a whirlwind of internal monologue, I've been focusing more closely on developing a yoga practice. I've been surprised by how much calmer and happier I've been in just the 3 weeks since I started practicing at least 4 times a week.

Yoga is not just the poses, but also the breath, the meditation, and mental clearness (clarity, but this word has a different connotation than just the state of being clear). It is a process that moves a person towards the goal of consciousness over ego. The poses (asanas) occupy all the yogi's attention so there is no space left for the ego's chatter. If you pay attention to the chatter, you're likely to fall over (literally... and figuratively?) Taking that mental clearness off the mat with you is the next level of the practice.

Money is so integrally linked with our lives and our ego's beliefs about safety, both physically and emotionally. Many people not only want material things for themselves, but also buy things to try and make others want to be with us, trying to attain relationships and emotional happiness in this way.

The challenging process of moving towards consciousness can help minimize our overspending for both of these categories. And then we can approach true happiness (contentment).

Kent @ The Financial Philosopher

Julie:

Thanks so much for sharing your Yoga experience. I don't know much about Yoga; but the breathing exercises, which some might call meditation, are something I practice on a small but daily level.

Breathing is not something that requires thought; it a happens "automatically" -- it is "unconscious." Breathing consciously, however, has the effect of returning one to consciousness; it reminds one that they are living and it quietens the "thinker" that creates the chatter of ego.

It sounds "new age" or "Zen" to many people and they tend to resist meditative exercises because they seem to be too alternative. Breathing exercises actually go back thousands of years.

I like Krishnamurti's ideas of meditation, which revolve around a central idea that no one really needs a teacher or a "guru:" Meditation is simply consciousness or mindfulness; it is living...

"Meditation is not something that you do. Meditation is a movement into the whole question of our living: how we live, how we behave, whether we have fears, anxieties, sorrows; whether we are everlastingly pursuing pleasure; and whether we have built images about ourselves and about others. This is all part of our life, and in the understanding of that life and the various issues involved in life, and actually being free from them, we inquire into meditation." ~ Jiddu Krishnamurti

Concojones

The previous poster is a spammer. Check all your previous posts, Kent...

Kent @ The Financial Philosopher

Concojones:

Thanks for the heads up. I deleted the comments from the spammer...

Kent

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