Loeb Says Spirituality Good for Business, Not Just for Monks

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Daniel Loeb, the billionaire founder of activist hedge-fund firm Third Point LLC, said spirituality is good for business.

“Meditation, contemplation -- it’s not just for monks and hermits,” Loeb, 52, said today at an American Enterprise Institute panel discussion in Washington with speakers including Tibetan spiritual leader, the Dalai Lama. “They’re really for people to improve all our lives and business.”