The article draws links between the selfobject function and two major Buddhist concepts, emptiness and equanimity. The selfobject function and these Buddhist concepts are based on a common belief, namely, that transformations of the mind occur within and are dependent on context. The selfobject function enhances transformations of archaic narcissism to mature narcissism through renunciation of personal desires and their transformation into concern for the wellbeing of others. This process derives from an ethical promise rather than from an emotional stance. The Buddhist tradition strives to obtain similar ideals while offering distinctive practices that promote these transformations. The article demonstrates how the Buddhist position contributes to the analytic process.