Thanks to Dave of In Acton for this link.
A thorough, and thoroughly tongue-in-cheek, investment analysis of happiness. The key points, for those of you too impatient to click on the link (but do it anyway, because it's a great paper):
- Don't equate happiness with money. People adapt to income shift relatively quickly, the long lasting benefits are essentially zero.
- Exercise regularly. Regular exercise is an effective cure for mild depression and anxiety. It also stimulates more energy, and is good for the mind and body.
- Have sex (preferably with someone you love). Need I say more?
- Devote time and effort to close relationships. Confiding and discussing problems and issues is good for happiness, so work on these relationships.
- Pause for reflection, meditate on the good things in life. Focusing on the good aspects of life helps to prevent hedonic adaptation.
- Seek work that engages your skills, look to enjoy your job. Doing well at work creates happiness, and the easiest way of doing well at work, is doing a job you enjoy.
- Give your body the sleep it needs. Too many people have a sleep deficit, resulting in fatigue, gloomy moods and lack of concentration.
- Don't pursue happiness for its own sake, enjoy the moment. Because people don't understand what makes them happy, pursuing happiness can be self-defeating. Additionally, if people start to aim for happiness they are doing activities for happiness's sake rather than actually enjoying the activity itself.
- Take control of your life, set yourself achievable goals. People are happiest when they achieve their aims, so set yourself goals which stretch you, but are achievable.
- Remember to follow rules 1-9. Following these guidelines sounds easy, but actually requires willpower and effort.
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