Buddhism as a Philosophy And Its Modern Day Interpretation How An Ancient Way Of Thinking Is Still Relevant Today Buddhism is a philosophy that teaches people to live a happy and fulfilling life. It emphasizes on the importance of mindfulness, compassion and equanimity. The philosophy teaches people to be mindful of their thoughts and actions, to be compassionate towards others, and to be equanimous in the face of difficulties. Modern day interpretation of the Buddhism philosophy is still relevant today because it helps people to lead a happy and fulfilling life. It teaches them to be mindful of their thoughts and actions, to be compassionate towards others, and to be equanimous in the face of difficulties. The philosophy also helps people to develop a sense of self-awareness and to understand their true nature.