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23
Aug

Krishna’s Teachings Can Help You Tackle Volatile Markets

Janmashtami or Gokulashtami is a Hindu annual festival which celebrates the birth of Lord Krishna. When we think of Krishna, the first thing that comes to our mind is the great battle of Mahabharata – where Krishna played a key role by guiding Arjun to conquer the battle. Think about it, if teachings of Krishna can help Arjun to win the battle, then why we can’t apply them to fight our everyday battles.

The past week particularly was tough for several investors, as the stock markets were volatile and left a lot of investors questioning the very fundamentals of their investments. Such a path can leave investors perplexed if they don’t have a sound understanding of how to tackle this scenario. So just like the other battles we tackle in our life, let us use the guidance of Krishna through the ups-downs of the market.

  • Think with a calm mind

‘Gain clarity on any situation with clear, calm and collected mind.’

This phrase from Bhagvad Gita guides us to have a stable mind and be calm and composed in any crisis situation.

When it comes to volatile market conditions, making decisions in haste of panicking can often lead to unwarranted trouble. Breathe in, clear your mind and then take a call. The market may be going through a rough phase but that does not mean that, you end up taking decisions without a rational thought-process. Understand what is causing market fluctuations, have relevant research to back your understanding make investment decisions accordingly.

  • Be ready for the change

‘Accept the change and adapt to it’

This phrase from Bhagvad Gita guides us to be open to the change and new views of learning and doing things.

Market may seem unfriendly at many occasions, but it teaches us new things every time. Treat the money lost in the market as the tuition fees and start learning and adapting to the change. Remember, money lost today can get multiplied in the future if you make the correct investment decisions.

  • Strategic approach

‘All wars first exist in the mind; winning in the mind is the first step to winning on the battlefield and in real life.’

This phrase from Bhagvad Gita guides us to create a proper plan, be prepared for the odds and believe on the plan of action.

Similarly, when it comes to unstable market conditions, have an action plan ready in mind. You should be prepared for the worst situation and should know how to manage your finances by jumping through the loopholes and have a potential to rebalance your portfolio at any point of time.

  • Set high standards

‘Benchmark your own success’

This phrase from Bhagvad Gita guides us to challenge ourselves. In order to grow and shine, you need to break through your comfort zone and compete with yourself first. You surely made certain correct decisions, but are they more than enough to understand the unstable nature of the market? Give yourself a new challenge, try to – learn, unlearn and relearn things. This will not only help you to gain knowledge but to make money seamlessly.

Many organisations and Business schools have included Bhagvad Gita in their syllabus to help them develop better decision-making skills. As Krishna says, ‘Give up on results’– Don’t think about the outcome; most of our decisions get affected because we wonder about their outcomes and consequences. Believe in yourself, make wise decisions and you will be showered with fruits of success!

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