S.N. Goenka's Take on the Stock Market

[The AlchemistTop contributor]

posting this as i remember some discussion on this topic some time back !  

‎Vipassana Meditation Master S.N. Goenka

Q: Investing in the stock market is that harmful or it is okay? Because my gain may be a loss to someone that I don't even know.

Goenkaji: Well, if your intention is to harm somebody, then it is wrong.
If you are just trying to earn some money, there's nothing wrong in that. But whatever you earn, then you have to pay attention to how you are using it. If it is just to inflate your ego look, I am wealthier than everybody else, I am one inch taller than everybody else then it is madness; those earnings are not helpful to you.
When you earn money, that money is coming from the society; so it is your duty to share with the society. If you have that sort of volition, then earning is not bad.
A householder has to earn.You are not a monk.

Q: But somebody may begetting hurt.

Goenkaji: Well, you can't help that. You are just trying to earn money.
If you make use of this money in a proper way,there is nothing wrong.
Your intention is not to harm anyone. If you do something intentionally to hurt somebody, then it is wrong.

[HUNTERTop contributor]

Thanks!
Very wise answers.
Any more material on his teachings?

[slstockVeteran]

What an insight! ++

[BackstageTop contributor]

Thanks!
Very wise answers.
Any more material on his teachings?

https://www.dhamma.org/en-US/index

http://store.pariyatti.org/Dharma-The-Art-of-Living-Life--Gujarati_p_3211.html


http://investorsentiment.forumotion.net/t3327-just-to-calm-the-mind?highlight=calm+the+mind

[sereneTop contributor]

Thanks De Alc..
Very Valuable.

[First Guy]

These days there would be quite a few margin calls. This is one reason why some stocks get dragged down continuously. Those who have buffer cash can survive.

In this case, bargaining for lower prices might hurt the sellers as they would not be able to realize the amount they would have needed. But if no one was there to buy, what would be their situation?