Phenomenal article/compilation on "The Biggest Mistakes Investors Make". h/t @manualofideas @JMihaljevic 👏

cc: @dmuthuk @Gautam__Baid @saxena_puru

My fav pts in the thread below

Phenomenal compilation of summaries of🔟important Business/Finance/Investing books. h/t @EdelweissFin 👏
An excellent weekend read.👍

cc: @dmuthuk @Gautam__Baid @saxena_puru

https://t.co/Nl4eWteJKK

Snapshots of the Key Takeaways of the books discussed.

1⃣ "A Piece of the Action" is an excellent book to understand the Finance Industry evolution in the US.

2⃣ The obvious classic "The Intelligent Investor".

3⃣ Ray Dalio's "Principles"

4⃣ Howard Marks' "The Most Important Thing"

5⃣ "Thinking Fast and Slow" is a good book on Behavioral Finance.

6⃣ Another obvious classic "One Up on Wall Street"

7⃣ "The Little Book of Behavioral Investing" is another good behavioral finance book.

8⃣ "The Black Swan" by Taleb. A very important book about unpredictability and cautioning against over-relying on Models/predictions.

9⃣ "The Millionaire Next Door". I haven't read it, but hear it's a good personal Finance book.

🔟"Nudge" about improving decision making.

Excellent list of "Investing Don'ts" by @NovelInvestor👏 Some solid advice for long-term investors in individual

The List

1⃣ Do not make hasty, emotional decisions about buying and selling stocks.

2⃣ If you are convinced that a company has dynamic growth prospects, do not sell it because it looks temporarily too high.

3⃣ Do not fall in love with stocks to the point where you can no longer be objective in your appraisal of them…

4⃣ Do not concern yourself as much with the market in general as with the outlook for individual stocks…

5⃣ Forget about stock market “tips.”

6⃣ Remember that stocks always look worst at the bottom of a bear mkt (when an air of gloom prevails) and always look best at the top of a Bull mkt (when everybody is optimistic).

7⃣Remember that you’ll seldom if ever buy stocks right at the bottom or sell them right at the top.

8⃣ Do not buy stocks as you might store merchandise on sale (Don't buy stuff you don't like or meet your objectives)…

9⃣ Remember that the public is generally wrong (during periods of over-enthusiasm or over-pessimism)…

Some pretty good Book summaries in here. h/t @mtmdev_ 👏

My fav ones from the list
✔️Poor Charlie's Almanack
✔️Zero to One
✔️The Millionaire Next Door
✔️Surely You're Joking, Mr.

1⃣ Poor Charlie's Almanack (on Charlie Munger).

Having the actual book and referencing it often is the best option, but checking out these tidbits doesn't

2⃣ Zero to One by Peter Thiel.

Great review of an excellent book that's very useful for anyone interested in

3⃣ The Millionaire Next Door by Thomas J. Stanley and William D. Danko.

This is one of the best personal finance books for a good

4⃣ Surely You're Joking, Mr. Feynman! by Richard

It is counterintuitive but, if you have N100 to invest, (a) the N100 should be a proportion of a larger income, then (b) of the N100, always reserved N25 for downturns, no matter how good it's going with the N75.

In 2009, an unknown investor from Russia came out of nowhere to make one of the greatest late stage venture bets in the history of Silicon Valley. Why did FB choose an outsider to lead our Series D round? Here’s the inside story:

2 years earlier we famously raised from Microsoft at $15B valuation. That turned out to be a mistake because it set us up for a painful down round. By 2009 growth had slowed and the financial crisis crushed advertising. “Smart money” bids for our Series D were coming in at $3-6B.

We had a high bid at $8B from a respected valley firm, and we had a wildcard bid from Yuri Milner/DST who offered to top any other bid by 20%. We initially chose the reputable firm at a lower price, but they refused to drop a ratchet provision so we decided to give DST a chance.

Yuri understood 2 things that nobody else could see at the time: 1/ He had seen virtual currencies in Eastern Europe and China, believed FB could make money this way. 2/ We were offering secondary shares at 40% discount to preferred, DST was the only firm who valued this.

Yuri not only offered to clear the highest bid by 20%, he also offered to let Zuck vote all of his shares including any secondary shares purchased from early employees. This allowed Zuck to consolidate his voting power.

@TheLastDegree Today, the actual size of the silver market is, according to Bloomberg, of $5 trillion.

$5 trillion divided by 20 billion (physical market) = 250

250 X $20 (silver spot price) = $5,000 an ounce

BEST VALUATION FACTOR

Price to earning below:10

Price to book below:2

5 years ROE:more than 20%

If you follow these points then you won’t overpay & your return would be bigger than anyone

it’s very tough to get any stock now but there were lots of stock last year
#investing

I got serious about Twitter on April 12th 2020.

Since that day:

I've raised $5MM and met with over 200 future investors in my real estate deals.

I've done $75k worth of consulting.

And I've met mentors and friends I'll carry with me for life.

What worked for me 👇👇👇

First of all I tried the mainstream advice and built my own blog, podcast, email list, YouTube. Spent 2 years. 500k downloads. Some success.

Got more value out of Twitter in 30 days.

If raising money or in business THIS is the platform.

Okay let’s go:

1. Stay on topic.

The most valuable folks here are here to learn. They curate their feed. They want business and to LEARN.

No fantasy football. No gifs. No pop culture. No one liner jokes.

Be an expert at what you do. Stay on brand.

2. No politics.

At all. Ever. It’s a great way to piss off (and say goodbye) to 1/2 the folks here.

Not everybody feels the way you do and the smartest folks don’t want your opinion. Nothing good comes of it. So avoid it.

3. Be incredibly open

Nobody will steal your ideas. Yes it’s uncomfortable and yes you’ll get challenged.

I shared my profit and loss statements on here. It led to discussions with many brilliant folks in the DMs and several folks who wanted to partner reaching out.