Meditate, to make a killing
The practice is gaining traction among Wall St traders and fund managers, report KATHERINE BURTON and ANTHONY EFFINGER
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WHEN stock and bond markets took a dive in late January, hedge fund manager David Ford kept his cool.
He watched emerging markets melt down and read warnings that the US 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, Mr Ford credits his serenity to experience - and to the 20 minutes he spends in his pyjamas each morning repeating a meaningless mantra bestowed on him by a teacher of Transcendental Meditation (TM) two years ago.
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