Good morning. Good afternoon. Good evening. Depending on what part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management.
And on today’s episode of Seeking Wisdom, Wealth & Wellness, I wanted to talk about the idea of equanimity and envy.
I was with a friend yesterday and he was talking about the concept of envy. If you’re part of today’s culture, it’s kind of hard not to have things thrown in your face every day, that could make you envious on a number of levels: personal, professional, monetarily. Because there’s always a scene or an action in the markets — the latest craze is cryptocurrencies and NFTs, and a lot of people i.e. partying as if there’s an endless opportunity to make money, and those that are not on the train are going to miss out.
And that fear of missing out, and that fear of being left behind, brings in crowds and crowds of people that are enamored with the next thing, Beanie Babies, whatever it happens to be. So, how do you remain calm and have equanimity, when people around you are making a fortune, and to maintain your indifference to what other people are doing, so you can play your own game, within your own skin, within your own understanding, within your own comfort zone?
I don’t know how many people actually do the second layer of diligence. That being said, I think the second layer of diligence of thinking beyond the purchase, but the long-term sustainability of some other decisions, might help to just graciously wish other people more and more success, more and more of what it is that they have. And, that wish can maybe subside a little of your envy.
Ponder that on your path to wisdom, wealth, and wellness.