CHEF SHARON: Sounds familiar. Looks like I’m right up there with the famous philosophers. A pleasant surprise.
How This Ancient Philosophy Can Help Your Investing written by Nicholas Vardy August 29, 2019
Although Stoicism dates back to 300 B.C., it still resonates with many world leaders and prominent entrepreneurs.
Today, Nicholas Vardy explains how it can influence your investment strategies as well.When most investors hear the word “philosophy,” their eyes glaze over.After all, it likely reminds them of a boring professor lecturing them about the obscure ideology of a long-dead thinker.
But philosophy isn’t just about asking how many angels can dance on the head of a pin.
It’s also about what men and women of action used to address their challenges – and achieve their greatest triumphs.
And there is no more practical philosophy than Stoicism – an “operating system” that has enjoyed a remarkable resurgence in high-tech centers like Silicon Valley.As Henry David Thoreau put it, “To be a philosopher is not merely to have subtle thoughts, nor even to found a school… It is to solve some of the problems of life, not only theoretically, but practically.”
And as my recent rereading of Stoic philosophy confirms, you can apply the lessons of this practical philosophy to your investing as well.
Let me explain…The Fundamental Insight of Stoicism was founded in Athens, Greece, by Zeno of Citium in the early third century B.C.
At the very core of Stoicism stands this fundamental belief: Control what you can… and accept what you can’t.
The Stoic Epictetus put it this way… “In life our first job is this, to divide and distinguish things into two categories: externals I cannot control, but the choices I make with regard to them I do control.”
We cannot control or rely on external events. We can control only ourselves and our responses…