I never thought I would be able to find a connection between yoga, finance, and short skirts, but my patience has finally paid off. Since it’s a beautiful Friday in June, today’s blog will feature a couple of excerpts from the fun and funky side of financial news:
Down Markets, Down Dog
Some advisors are combining yoga with financial planning as a way to bring mindfulness to investing. It may seem counterintuitive to pair an ancient practice associated with quieting the mind with the pursuit of material gain, but proponents claim it helps them remain calm during a financial crisis and refrain from making emotional decisions. Some even teach breathing techniques to clients to help them get through difficult financial situations. As one advisor puts it, “Investing is very emotional. Yoga keeps it all balanced.”
Up Markets, Short Skirts
Quite possibly the nerdiest girl band ever, Machikado Keiki Japan sings about Abenomics, Prime Minister Shinzo Abe’s plan involving fiscal stimulus, monetary easing, and structural reforms. The best part is the hemline indicator – the girls’ skirts vary in length with the level of the Nikkei. For every 1,000 yen increase in the stock price average, the skirts will get shorter at their concerts. Apparently, fashion’s link to the economy is not new – miniskirts became popular in the ‘60s as the economy boomed, hemlines lengthened in tandem with the oil crisis of ’73, and shortened again in the go-go ‘80s. Fashion as an economic indicator – does this mean I can ditch my copy of The Economist for Vogue?
Sarah DerGarabedian, CFA
Director of Research