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To Make a Killing on Wall Street, Start Meditating
When stock and bond markets took a dive in late January, hedge-fund manager David Ford kept his cool. Ford watched emerging markets melt down and read warnings that the U.S. economy could crater too. As prices dropped, he overcame the impulse to flee with the rest of the herd and, instead, bought more corporate bonds, Bloomberg Pursuits will report in its Summer 2014 issue. After two decades as a trader, Ford credits his serenity to experience -- and to the 20 minutes he spends in his pajamas each morning repeating a meaningless mantra bestowed on him by a teacher of Transcendental Meditation two years ago. “I ... (full story)
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