Hi guest, Register | Login | Contact Us
Welcome to Phayul.com - Our News Your Views
Tue 12, Dec 2017 08:06 AM (IST)
Search:     powered by Google
 MENU
Home
News
Photo News
Opinions
Statements &
Press Releases

Book Reviews
Movie Reviews
Interviews
Travels
Health
Obituaries
News Discussions
News Archives
Download photos from Tibet
 Latest Stories
Dalai Lama arrives in Mundgod, visits Drepung Monastery
Tibetans hold mass solidarity rally on on Worlds Human rights day in New York
Tibetan Youth Congress condemn Chinese Foreign Minister's visit to India
Combine modern education with the insights of ancient Indian knowledge: Dalai Lama
Senior Himachal BJP leader seeks Bharat Ratna for Dalai Lama
Peace must come through inner peace: Dalai Lama in Mumbai
President Sangay lobbies in US, meets politicians
Tibet Fund confirms 1.5 million USD loan to grant agreement
Gere testifies before Congress on Tibet issue, lauds support
Dalai Lama leaves on 20-day tour of South India
 Latest Photo News
Tibetans participate in a candle light vigil to mourn the passing away of Chinese activist Liu Xiaobo in China, TCV Day School, July 14, 2017 Phayul Photo: Kunsang Gashon
His Holiness the Dalai Lama leaves for Gaggal airport, June 11, 2017. The Tibetan leader is scheduled to give a public talk on "Embracing the Beauty of Diversity in our World" at the University of California San Diego on June 16, 2017. Phayul Photo: Kunsang Gashon
His Holiness the Dalai Lama bestows the chenrezig empowerment, Theckchen Choeling, McLeod Ganj, May 27, 2017 Phayul Photo: Kunsang Gashon
more photos »
Advertisement
Dalai Lama host bares his soul in new memoir
Idaho Mountain Express[Wednesday, September 07, 2005 21:17]
By Tony Evans

"Personal Transformation" By Kiril Sokoloff. Crossroad. 135 pp. $16.95
"Personal Transformation" By Kiril Sokoloff. Crossroad. 135 pp. $16.95
Following his address to the Wood River Valley on Sunday, Sept. 11, His Holiness the Dalai Lama will give a private address to a group of elite money managers at the home of investment banker Kiril Sokoloff. The title of this meeting on Sept. 12 is "Compassion is Good for Business."

Sokoloff is the man behind the Dalai Lama's visit to Idaho and is a close personal friend of His Holiness. Sokoloff's memoir, "Personal Transformation: An Executive's Story of Struggle and Spiritual Awakening," is introduced by the Dalai Lama and features him on its cover, perhaps revealing a link between those working to make a difference in the world and those charged with making a killing in the markets.

"Personal Transformation" is a series of evocative sketches on friendship, love and loss by a successful investment analyst willing to bare his "Russian soul" after many years of isolation and despair due to late-onset deafness and a heart-rending divorce from his wife, Katie. Even as the author's hearing diminishes, further isolating him from his world of music and conversation, his deep studies of history and economics bring him, and many others, great fortune and success.

Born to a Russian émigré father, who fled the Russian Revolution, and his American composer wife, Sokoloff was an only child, raised on the classics to appreciate European art and culture. Introverted and bookish, he suffered from an "inferiority complex" made worse by late deafness, which struck during his college years.

As a young man, Sokoloff learned about the world at the feet of his uncle, Jim Hunt, an investment banker who worked for the Office of Strategic Services during World War II and later at the CIA, eventually becoming Head of Intelligence for Western Europe.

"My uncle said that the securities business and intelligence were the most interesting of all careers," writes Sokoloff. "It's all a question of judgment. Who do you believe? ... What is disinformation? What's real?"

As an investigative reporter for the Business Week Letter during the stock market bust of the early 1970s, Sokoloff began a study of discarded "13D reports." These are reports filed by company stockholders with a 5 percent or more interest in corporations. By studying the habits of these large "catalyst" investors, he amassed a database that uncovered the successes of Warren Buffet, Larry Tisch, Carl Icahn, Henry Singleton and many others.

In 1983 Sokoloff went public with an eight-page memo of his findings. The information proved invaluable to institutional investors and was reported on by the New York Post and Forbes Magazine.

The client list of 13D Research Inc. grew and evolved through the study of emerging markets, and bankruptcies and distressed securities, and by following boom-bust cycles in Germany, Brazil, China and the Americas. Sokoloff describes himself as "agnostic with regard to change," and he is known as a "contrary thinker" who spots changes in markets early. Following the terrorist attacks of 9/11, Sokoloff followed his friend and fellow investment advisor Dick Strong to the Himalayas for an audience with His Holiness the Dalai Lama. The subsequent meeting changed his life.

When asked what humanity was most in need of at that time, the Dalai Lama responded by saying, "Peace of mind ... Peace of mind ... Peace of mind."

When asked why the terrorists have perpetrated such "evil," the Dalai Lama explained that they have a highly developed intelligence, but their hearts remain cold. "We have to work on developing the heart."

So began Sokoloff's spiritual journey, alongside various philanthropic endeavors revolving around the survival and expression of Tibetan culture. In his paper "The Huge Danger of Destructive Emotions," (available to paying subscribers of his newsletter at 13D.com), Sokoloff describes the negative emotions, such as fear, anger, greed and jealousy, as the bane of rational thinking and disruptive to the mind's equilibrium.

"The essence of destructive emotions is excessive focus on the self," he writes. "Throwing your ego into a cause or purpose much greater than yourself, on the other hand, leads to happiness."

How this all shakes out in one's investment portfolio would be a good topic for future writings. When does "risk-averse" investing become the negative emotion of fear? When does the desire for increased profits become the negative emotion of greed? And how closely can the Buddhist doctrine of "Right-livelihood" be followed in the myriad of transactions of today's marketplace?

As a memoir of deafness, "Personal Transformation" will be a welcome gift for the 10,000 hearing-impaired individuals to whom Sokoloff is contributing free copies. Although his book suffers at times from poor organization and sentimentality, it is a welcome plea for trust and compassion from within the culture of investment banking.

Sokoloff's stated ambition is to "restore trust in corporations," and to help others transform themselves through love and compassion. Perhaps he will succeed by drawing attention to the place where all great change begins—within the human heart.
Print Send Bookmark and Share
  Readers' Comments »
Peace of mind???????? (john)
Good book (LS)
Your Comments

 Other Stories
Tibetan youth up against 'sectarian politics'
US Plans to Resettle Tibetan Refugees from Nepal
His Holiness to Make 20-Day Visit to America
Valley gears up for Dalai Lama visit
China showcases 'modern, happy' Tibet
Dalai Lama host bares his soul in new memoir
Indian tiger skins flooding Tibet blackmarket
Nathu La may open for trade next year
Yahoo! 'gave e-mail details that helped jail Chinese writer'
Move to democracy unstoppable in China, says Blair
Blair takes too rosy a view on China's future
Forget past, we’re pals now: China
Advertisement
Advertisement
Photo Galleries
Advertisement
Phayul.com does not endorse the advertisements placed on the site. It does not have any control over the google ads. Please send the URL of the ads if found objectionable to editor@phayul.com
Copyright © 2004-2017 Phayul.com   feedback | advertise | contact us
Powered by Lateng Online
Advertisement