Gandhi Jayanti: Drawing wealth management lessons from the three wise monkeys
India pays homage to one of its most illustrious leaders, the Father of the Nation, Mahatma Gandhi. His sagacious teachings continue to echo through the annals of history.
Gandhi's legacy transcends generations, inspiring people worldwide to strive for truth, non-violence, and righteousness.
Among the indelible images associated with Mahatma Gandhi are those of the three wise monkeys, embodying the timeless adage, «See No Evil, Hear No Evil, Speak No Evil.» While this philosophy profoundly relates to personal ethics, it can also be skilfully adapted to harmonise with the fundamental strategies that investors must employ in the quest to protect and grow their wealth.
«See no evil» – Embrace Responsible Wealth Management
The first of Gandhi's three wise monkeys covers its eyes, symbolising the principle of «See No Evil.» Gandhi urged us to introspect, to scrutinise our actions, and comprehend the consequences of our choices. In the realm of wealth management, this translates into the imperative of due diligence, where both clients and advisors must meticulously research and comprehend investment opportunities, assessing their risks and potential returns.
Moreover, in addition to upholding honor and ethical conduct in their personal lives, investors must extend their ethical considerations to their wealth creation journey.
Modern wealth management places a premium on responsible investing, with a growing emphasis on environmental, social, and governance (ESG) factors. Thus, investors should aspire to «see no evil» within their portfolios, which can be accomplished by steering clear of investments in companies or industries that perpetuate negative social or environmental consequences.
