ESOTERIC MEANING
Abiding in the inner abode of perfect Peace, we are not troubled by fear, or desire, envy, hatred, greed or any of the tormenting passions: they are only transient mind-images on the unchanging screen of universal consciousness.
We therefore experience unshaken tranquility; not swayed by praise or blame, profit or loss, joy or sorrow – regarding them merely as two sides of the same coin, for all is One.

PRACTICAL MEANING
In its practical application, those seeking to live in Peace will practise self discipline, patience, tolerance and non-attachment.

They will think before speaking and acting; avoid or neutralise anger; place limits on satisfying their desires; learn to still themselves for reflection and prayer; try to love and serve all; and strive always to be true to their conscience. They will aim to regard all events as auspicious; develop humility; smile in times of difficulty; and cultivate optimism. They will remind themselves that Peace is to be found within and not outside oneself.