English 
فارسی (Persian) 
Türkçe (Turkish)
The spirit of capitalism or Protestant ethics is one of the most important personality traits required to enter the capital market. If a person does not have this quality, even if they spend their whole life in the capital market, they have wasted their time. Max Weber interprets this feature as the Spirit of Capitalism. The spirit of capitalism is a set of spirits and characteristics that are considered the key to development towards a capitalist society from the point of view of sociology.
From a personal point of view, the result of the main characteristics of a person to be on the track of success is to be capitalist and have a capitalist spirit. In today’s world, with the ever-increasing spread of cryptocurrencies and the use of blockchain, as well as the fluctuations of the stock market, many people have become interested in investing in these areas.
But these people must be aware of the fact that it is necessary to enter the capital market to have the spirit of capitalism. If you do not have the spirit of capitalism in your personality, entering and staying in the capital market, especially the cryptocurrency market, is only a waste of time and loss. Therefore, in the rest of this article, I will talk more about the concept of the spirit of capitalism and Protestant ethics.
Requirement to enter the capital market
To enter the capital market, the first step is to test your readiness to enter this market from two points of view;
Mental and financial preparation to accept failure
In recent years, we have seen extensive advertisements in the field of investing in various markets with promises of getting rich on the Internet. But what is not mentioned in such advertisements is the awareness of the financial risk factor and the resulting losses in that capital market. This ignorance often leads to a person entering the market with a fantasy of an optimistic future. This person will suffer a lot of financial and psychological loss if he doesn’t come to a conclusion and realize his ideas.
Therefore, before entering the market, you must make sure whether you have the necessary moral qualities of an investor or not!
At this time, the first question you should ask yourself before entering the market is, do I have the tolerance to accept losses? It should be noted that contrary to the dreamy ideas created by extensive advertisements with the aim of influencing people’s mentality, it is not always going to achieve a successful and dreamy result at the end of the investment.
In fact, to enter the capital market, you must prepare your mentality to accept failure. It means that you should be strong enough not to bend your back with every failure. Of course, if there is no characteristic in your personality, you will not be a suitable option to enter this market.
The absence of hard earned money in the market
One of the biggest mistakes made by people who are just starting to invest is putting in all their hard-earned money. These people, who so-called intend to travel the hundred-year road in one night, may lose all the capital of their efforts in this way.
In the world, many of these people have gone bankrupt because of this mistake. Therefore, never bring capital to the market, the lack of which will cause problems in your life.
In general, do not enter the capital market until you are mentally and financially prepared to accept failure. Because all capital markets always have some risk in the best case; Therefore, they are not suitable for risk-averse people.
What is the spirit of capitalism or Protestant ethics?
The spirit of capitalism is one of the main and important characteristics of people who enter capital markets. Max Weber, professor of collective economics and sociologist, mentioned these characteristics in his book entitled Protestant Ethics and the Spirit of Capitalism. If the spirit of capitalism is not in a person’s personality or if he is unable to adapt his personality to the spirit of capitalism, entering and staying in the capital market, especially the cryptocurrency market, will have nothing but a waste of time and loss for him.
Having the spirit of investment is one of the most important prerequisites for anyone to enter the capital market and be profitable. But unfortunately, in all the years that I have been in the market, I have never seen that this concept was taught as one of the subjects in the training of market analysis and portfolio rotation.
Maybe it’s because the existence of this trait is considered to be a definite default in the people of the market, which is completely wrong. The spirit of capitalism is a set of spirits and characteristics that are considered the key to development towards a capitalist society from the point of view of sociology. From a personal point of view, this characteristic can be considered the result of the main characteristics of a person to be on the track of capitalist success.
Max Weber and the spirit of capitalism
Max Weber, in his famous book entitled The Protestant Ethic and the Spirit of Capitalism, which according to many is one of the most influential and important books of humanity in the 20th century, has worked on religious people in the spirit of capitalism. According to Weber, the capitalist way of thinking encourages a unique orientation in economic activity.
He believed that the way of thinking caused by the Protestant religion is what made the social environment of Europe ready for the development of the capitalist regime. In this way, the Protestants saw asceticism and piety in the protection and protection of man and his soul. And as a result of this belief, they avoided excesses and luxuries to attract pleasures, which enabled them to save and use their capital.
German Karl Maximilian Emil Weber, in a period when most religions had a negative attitude towards the accumulation of property and worldly life, in response to Marx and the analysis of historical materialism, stated that Protestant ethics based on a special approach of the Protestant theology branch of Calvinism, the happiness of the world and the hereafter in salvation He sees in this world. According to this book and Weber’s thinking, regardless of the respectability of the attitude of people who lack investment spirit, their presence in the capital market will not be successful.
The absence of conflicts between the spirit of capitalism and political and religious fronts
If you say that you are a person who hates capitalism and the capitalist system and you have problems with this system, it should be said that from a personal point of view, having the spirit of capitalism does not conflict with your political and religious fronts.
You can be a religious person but have a capitalist spirit. The spirit of capitalism is a feature that anyone with any intellectual or religious orientation can have or acquire. In fact, you can be a religious person with any kind of religion, but cultivate the spirit of capitalism.
Now, in another answer that can be given to this issue, it should be pointed out that the market in any form is a capitalist concept. The capital market, as its name suggests, has a capitalist concept. Now, if you have a problem with the capitalist, why should you come to the capital market? Blockchain is also created based on capitalist thinking. In fact, if you have a problem with the capitalist, you cannot use its advantages and benefits.
Time is money!
One of the most important features of capitalist ethics that should be remembered is this sentence that Max Weber mentioned in the book Protestant Ethics and the Spirit of Capitalism from the words of Benjamin Franklin:
Remember that time is money
Remember that time is money.
Max Weber says in this regard that imagine you earn 100 thousand tomans a day. In such a case, if you waste half a day and spend 10 thousand tomans on a sandwich during this time spent idle;
You should know that in your calculations at the end of the day, your expenses for that day were not only the 10 thousand tomans you spent on sandwiches. Rather, your expenses are 60 thousand tomans. 10 thousand tomans for a sandwich and 50 thousand tomans for the half day you wasted. This means that the half day when you could have worked 50 thousand tomans and you didn’t, is considered as your loss. Therefore, if you feel that the concept of time is money, has become the queen of your mind and has influenced your daily behavior, you should hope for yourself that you are approaching investment ethics.
According to him, a person with a capitalist spirit should have such a view and thinking about the issue of time. Although rest and recreation is one of the important needs of every human being; But when self-service becomes service to work, a contradictory form will arise in affairs and you will gradually neglect your goals.
As a result, you will not enjoy life. Regarding the importance of time, Benjamin Franklin emphasized that there is enough time underground to sleep. He has also stated that time is one of the most precious things to spend in vain because there is no return from the worst deeds.
In our own literature and culture, Rumi has expressed this concept as follows:
He likes this mess
Trying in vain to fall asleep
Ank, he is the king, he is not idle
It is not a sick person to complain
This is what Rahman said, son
All Yum Ho Fei Shan, son
In this verse, the entire Yom Ho Fei Shan refers to the same concept. And it points out that even God is doing something useful every moment and does not spend time in idleness. Of course, this morality, like all human temperaments, has positive and negative aspects and extremes that must be taken into account.
