The (Yogi) Bear Market

by: AndreaDow
Total views: 201
Word Count: 202

Wednesday, August 6th

Ahhhhh, the stock market....could it get any more stressful this year? It has been a rough road the last year and Wall Street traders are seeking solace. An article in the Wall Street Journal highlighted how many fund managers are seeking the inner peace that yoga promises to offset the stress of a turbulent market. The hedge fund, Karsch Capital, has about a third of their 33 employees taking yoga classes at the company's 26th-floor Manhattan offices every week. Another fund manager claims that some of his best ideas come to him while he is standing on his head in yoga class. Other companies joining the trend include Blue Ridge Capital and D.E. Shaw, a $39 billion dollar hedge fund.

Luciano Cortese, a fund manager, said that he used to bang his desk, throw things or yell at people when the market took an unexpected turn. After practicing yoga since January, he now takes the market's twists and turns as well as he twists and turns through poses on his yoga mat.

Perhaps the best parallel lesson yoga offers the financial world is realizing the benefits come from hard work and not the end rewards.

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