What the smart guys do to keep cool under pressure

Melting Ice Cube

A way to fine-tune their brains - and up their games.

When stock and bond markets took a dive in late January, hedge-fund manager David Ford kept his cool.

Bloomberg News reports that Ford watched emerging markets melt down and read warnings that the U.S. 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, Ford credits his serenity to experience -- and to the 20 minutes he spends in his pajamas each morning repeating a meaningless mantra bestowed on him by a teacher of Transcendental Meditation two years ago.

'I react to volatile markets much more calmly now', Ford, 48, says. 'I have more patience'.

He also has more money. Latigo Partners LP, his event-driven credit fund, climbed 24% last year. He almost beat the surging stock market with a bond fund. Ford is part of a growing number of Wall Street traders, including A-list hedge-fund managers Ray Dalio, Paul Tudor Jones and Michael Novogratz, who are fine-tuning their brains - and upping their games - with meditation. Billionaire investor Daniel Loeb, who once likened a chief executive officer to a drug addict during one of his frequent public rants, in February praised meditation while sharing a stage with the Dalai Lama in Washington, D.C.

To access the complete Bloomberg article hit the link below:

To Make a Killing on Wall Street, Start Meditating 

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