Buddhists believe that there is no future and no past. There is only now. But, if time is in perpetual motion how can there be now?

Anyway, humans and our continual search for meaning ultimately leave us disappointed and always hungry for more. That's why Buddhists focus on clearing our minds of the clutter insisting on staying in the here and now.

Investors would be wise, regardless of your religious beliefs, injecting a little Buddhism into your portfolio management style, as doing so can make a huge difference during times of trials and tribulations.

And, boy are we experiencing trials and tribulations in the current market environment.

What Would Buddha Buy?

I wonder what Buddha would do if having to make investment decisions today?Well, Buddha isn't here obviously, but there is a viable stand- in. His name is Richard Band, editor of Profitable Investing, and he has an uncanny ability to ignore the noise in the market. Instead, he stays focused on what is really important, including his wife, kids and grandchild.

In that way the clutter in his mind is eliminated, and he is able to resist the temptation to trade his portfolio. Weaker minds succumb to the nonsense, and sell or buy at exactly the wrong time.

So what would Richard be doing today? For one, he would not be selling his stocks just because we are experiencing a little bump in the road. Going further, he would identify some great bargains that he would be buying when others are selling. One such stock is…