Laughing Buddha - Business Buddha Mi Lo Foh, the Laughing Buddha, brings Happiness and cheer into the house. He also attracts prosperity and wealth. His big satchel symbolizes a bagful of money, gold and precious gemstones. It is also believed that he gathers your problems and puts them into his bag. More importantly , he has the power to absorb all the negative or killing chi inside the home or office. Anytime you are feeling low, just rub his belly and he will cheer you up. Preferably place him directly or diagonally opposite (facing) the front door.