30 books I wish I read before Investing my hard-earned money:

1. You can be a Stock Market Genius by Joel Greenblatt
2. Common Stocks, Uncommon Profits by Phil Fisher
3. Margin of Safety by Seth Klarman
4. The Crowd by Gustave Le Bon
5. Winning the Loser's Game by Charles Ellis

From selling snacks on the street to building a multi-billion-dollar empire

Mega-Thread on the story of Haldiram's

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1) Ganga Bhisen Agarwal, affectionately known as Haldiram by her mother, started The Haldiram Empire in 1937 before India gained independence.

2) He was born into a Malwadi family in Bikaner and married Champa Devi.

3) He started out selling Bhujia, as per his aunt's recipe in his father's namkeen and snacks shop.

4) However, he and his wife later fled home owing to a family quarrel.

5) Later he started by selling on the street mong daal namkeen prepared by his wife.

6) Haldiram opened his first business in Bikaner in 1946. He began selling his Bikaneri Bhujia there.

7) He recreated the Bhujia by including moth flour and made it thinner. His sales and income improved dramatically because of all of these adjustments.

8) Later on, Haldiram attended a wedding in Kolkata, and only he got the idea to set up his shop there.

9) With this step, the first branching out of the Bikaner Bhujia business was started.

A Mega-Thread on a 111-year-old conglomerate and one the most debated stocks of the Indian stock markets #ITC (Earlier known as Imperial Tobacco of India) @ITCCorpCom

(Would appreciate a retweet as it helps educate more investors and inspires us to work harder on such threads.)

1) ITC first set foot in 1910 at Calcutta based on agricultural products and services.

2) A year later in 1911, it began sourcing leaf tobacco from South Indian Farmers to mass-produce consumer cigarettes, a landscape it would dominate for over a century!

3) In 1911, They set up a stall at the Delhi Darbar to promote Scissors, one of ITC's initial cigarette brands.

The constant need for promotions ultimately led to the relocation of the company from Calcutta to Delhi.

4) The first step of ITC’s Indianization was initiated in 1954 with 6% Indian shareholding. It steadily rose to 40% by 1971!

5) ITC was the first Indian company to prioritize consumer research, laying the ground for its legendary R&D center that is now half a century old.

6) It is rebranded today as ITC Life Sciences and Technology Centre and continues to play a pivotal role in developing its diverse product range across varied sectors.

A Mega-Thread on Jesse Livermore’s Wisdom:

1. Never be completely bearish or bullish on the whole market because of one group or a few stocks have reversed its course from the trend.

(Would Appreciate a retweet as a lot of efforts are put by our team to compile these threads)

2. There is only one side of the market and it is not the bull or the bear, but the right side.

3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

4. Markets are Never wrong – opinions often are.

5. The real money made in speculating has been in commitments showing in profit right from the start.

6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.

7. One should never permit speculative ventures to run into investments.

8. The money lost by speculation alone is small compared with the sums lost by investors who let their investments ride.

9. Nothing new ever occurs in the business of speculating or investing in securities and commodities.

10. Never sell a stock because it seems high-priced.

11. I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.

12. Watch the market leaders.

13. The human side of every person is the greatest enemy of the average investor or speculator.

14. Wishful thinking must be banished.

Mega-Thread: 50 Pearls of Wisdom from Rakesh Jhunjhunwala on Life and Stock Markets

Would appreciate a Retweet or like as it helps educate more investors and inspire us to work harder on more upcoming threads👇🧵

1) Never in my life have I have made an investment when a stock is popular.
In fact, I like to invest when the stock is not popular.

2) If a girl is beautiful a suitor will come.
If a stock is beautiful, a suitor will come.
So I don’t search for suitors when I invest.

3) Respect the market.
Know what to stake.
Know when to take a loss.
Be responsible.

4) Emotional reactions are a sure way to make a loss in stock markets.

5) Anticipate trends and benefit from them.

6) Traders must go against human nature.

7) Successful investors are opportunistic and optimistic ones.

8) Growth comes out of chaos.

9) The market is above individuals. The market is rational. An individual can never be smarter than the market.

10) Maximize profits and minimize losses.

11) Invest in a business,
not a company.

12) When in doubt, listen to your heart.

Name two or three stocks in your portfolio which you are betting would grow their profits at 15-20% CAGR for the next 5 years.
Reply below to make this a useful thread.

While watching the GameStop stuff has been mildly hilarious (I mean who doesn't like watching the financial elite squirm?) it's pretty clear that a whole bunch of folk have convinced themselves this is ACTUALLY some kind of revolutionary activity. It isn't. 1/

Sure, it's highlighted yet another way in which the bastards profiteer but that's about it, stick it on the pile with the fifty other pro tips to keep the poor, well poor... It's todays banter and tho a few folks might have egg on their faces, literally nothing will happen. 2/

GameStop's three largest shareholders have earned £1.5bn+ during this. They sit at the top of some 200 institutions which are rolling. Meanwhile the ersatz rebels are now watching the bubble, realising there is profit to be made and having a wibble. 3/

No doubt some TRULY believe they are taking part in some kind of revolution but frankly it's utterly absurd and the vast majority are in it for the lulz and to cash in quick.

I'm sorry to tell you this, but you don't own GameStop.

4/

The reality is, the scale of the economic disparity and corruption is simply vast. Billionaires loosing a few millions means nothing. They buy one less yacht and you continue to live meal to meal.

The "Free Market" changes a few systems and the abuse continues. 5/

As part of our Knowledge sharing initiative by @FinnacleAcademy and @Investmentbook1, here we are on our post 2 with some of the most important key takeaways of the book “Masterclass with super investors” by @vishalmittal22 & @basrars

Here we go! (1/n)

Masterclass with super investors is one of the best books covering the investment strategies & journey of renowned domestic investors. Our summary has been segregated in 2 parts, A) Common traits in investment ideologies of these stalwarts B) Investor specific key takeaways (2/n)

A)Let's look at a few common points in these Stalwarts' investment ideologies 1)Invest (higher % of portfolio) when you have conviction backed by sound logic 2)You need to be bullish on India to make investments in Indian cos. bcoz majority of Indian cos. are domestically focused

3. New Bull markets have new leaders when a bull markets ends the stocks which have gained the most falls the most 4. The entry price that you pay for a company should be very cheap so that even if your assumptions go wrong in future you don't end up losing money (4/n)

5. We get attached to stocks which have given us a lot of returns in past even though in current & future expected scenarios they seem overvalued 6. Focus on art of disciplined selling-it's imp. to have a sound selling mechanism just buying at right price wont create wealth.(5/n)