On Money and Happiness

 

Date: 6/21/2022
Author: Chris Hood

 


Be sure to check out new episodes of my video podcast each week, where my ace pupil Brian Jones and I talk the ins and outs of options trading- and give you insights and strategy that you can immediately put to work for you in the markets.


It’s my job to teach you about trading, but that’s not really what I want to talk about today.

Over the weekend, the world lost a great man, my colleague, Dr. Kent Moors.

Though I didn’t know Kent well, I can say that he was an articulate, educated man who had rendered a lifetime of service to his country in the CIA. He was also an excellent trader who has helped many retail traders reach their financial goals.

I extend my DEEPEST condolences to his family and close friends.

It’s easy to get caught up in our daily grind. Unfortunately, in the quest to make profits (whether in the market or elsewhere), we often forget that money should never be life’s primary goal.

Losing a close personal friend earlier this year forced me to look hard at my own life and relationships.

One quote I read recently by American journalist George Lorimer really hit home:

“It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.”

Money is important.

But wealth most assuredly does not equal happiness.


 

 

 


Over the years, I’ve met many people who were poor and happy. Despite their lack of material possessions, they lived wholly fulfilled lives.

Their wealth was the enjoyment of simple things. Fresh air, freedom, and the smiles of their loved ones.

I’ve also known many super rich men and women who were utterly miserable.

Every day held nothing but anxiety and dissatisfaction. They could buy nearly anything they wanted except joy.

My own life has been one of extremes.

Though my father was a wealthy man, I didn’t get any of it. Instead, when my parents divorced, my step-siblings benefited from his largesse.

In contrast to their new Porsches, I had to repair the soles of my shoes with duct tape.

However, those lean times were filled with intense happiness as I pursued my dreams and made my way in the banking industry.

I may have been denied his money, but I did inherit his ambitious spirit.

Decades later, I’m doing well for myself and my family. But I’ve learned that money doesn’t eliminate distress.

Whenever I find it ruling my thoughts, my mental peace disappears.

Seeing my son’s first French-language play, romantic dinners with my wife, and sparring with my friends on the jiujitsu mats…those are the keys to my happiness.

Undoubtedly, Kent Moors felt the same way.

So take a moment to remember him, not as a trader, but as a human being. Someone who was loved, appreciated and left a powerful legacy.

Let this loss help us more fully appreciate what money can’t buy.

Tell your family how much you love them. Reach out to old friends and reconnect. Do some good for your community.

Our time on this planet is limited.

Don’t leave life without letting those you appreciate know how you feel.

Rest well, Dr. Kent Moors. You will be missed.

 

Cheers,
Chris Hood

 


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