During my MBA, trading days and till now, I have read multiple books on trading and investing. Listing the best ones that I loved.

Pick based on your style - Fundamental/Technical/Momentum/options trading

Please retweet for max reach. Comment other books u love

1. Technical Analysis of the Financial Markets - John Murphy

A book which builds your basics on charts, trends, price patterns, MAs, oscillators etc. A must read for beginners!

2. Trade like a Stock Market Wizard by @markminervini

Amazing book covering critical concept of volatility contraction pattern. It is a timeless pattern rooted in human psychology & demand, supply forces. He is a multiple time US investing champion & a rags to riches story!

3. How to make money in stocks - William O'neil

Guru of a lot of investors and the one who gave the CANSLIM strategy! This along with Minervini's book is the minimum you should surely read.

4. Rare book which u might not have heard of: How to Sell by Justin Mamis

An old book published around 1980! Read this only after you are well-versed with the basics. I found it pretty good with new stuff which cements your thoughts.

Making the right decision at the right time is critical to success in life.

Here are 4 decision models used by 4 stalwarts - Jeff Bezos, Charlie Munger, Elon Musk and former US president Eisenhower.

A thread 🧵

1. Reversibility - Used by Jeff Bezos

Categorizes decisions based on whether they are reversible or irreversible

👉 Reversible - 2 way door: Can go back from decision with less/no cost
👉 Irreversible - 1 way door: If enter once, can't exit (Or the cost is very high)

👉 Reversible: decide quickly without perfect process. Dont take much time.
(This is not to be reckless though)

👉 Irreversible: Decide slowly and take as much information into account as possible

When Bezos was deciding to leave his job at DE Shaw to start Amazon, he thought that he could come back to job if Amazon doesn't work. So it was a reversible decision.

He decided to launch Amazon quickly. He got the first mover advantage and the rest is history!

2. Inversion - Charlie Munger

Instead of thinking what would make you successful, first see what would make you fail. Then remove those things.

If you are following a goal, first see what can kill it for you. Avoid that.

👉 Avoiding stupidity comes before seeking Brilliance

I have cleared some of the toughest entrance tests in the country like that for IIT, IIM, IAS. It is not that I was not distracted during studies, but I overcame those distractions.

Small tips on how to overcome distractions and get great focus

A thread🧵

Reducing mobile usage

👉 Measure

Check your phone usage and apps u spent time on every week. Many times you dont even know how much time you are wasting on mobile apps. Android users can use free apps like

Steps to reduce usage

👉 Physical distance
Keep the phone with the internet switched off and away from you while studying. You can also keep it locked and with a parent/ friend. Heavens will not fall while you are studying and if it is something urgent, you will get the message.

👉 Technological solution:

Use apps like Blackout to block internet for at least 6 hours every day. Force yourself to study in that time. It is not a free app, but it is very effective. Once it blacks out the phone, you can't go back for the period

👉 Early morning study

Keep the alarm away from you, on loud volume. Most likely once you get up from the bed to switch off the alarm, you will decide to not go back to sleep and study. Early morning study is the best these days especially as it has lesser distractions

I have made powerpoint presentations in front of Hon'ble Prime Minister, Chief Minister, Cabinet Secretary and top bosses of MNCs. By God's grace, they were always received well.

Some tips for making effective presentations along with tech tools.

A 🧵. Pls RT for wider reach

Know your audience

A presentation in front of Prime Minister would not be the same as that infront of your technical team. Even if the topic is the same. Understand the audience and know what they need from the presentation. Plan accordingly

Structure

Some people naturally think in a very coherent way. If you are not one of those, make an outline of the presentation first. Try to get the flow right.

Problem-Solution kind of presentation

State the problem and then tell what you did to solve it. (or going to do)
The 'how' you achieved it should follow after that. This gives more impact

Slides

Make concise slides with few words. The slides should just be cues for you and your audience. Dont put all details in them. Just a few phrases/lines should sufice

Procrastination is when you keep postponing important tasks. If you do this frequently - you're not alone!

💢Use these tactics from 7 famous books which will help you overcome procrastination

"Atomic Habits" by James Clear

👉 Use the "two-minute rule" to get started on a task

👉 Make the task so simple that it takes 2 mins. You can't say no to it and build momentum from there

👉Make your goals specific and measurable

"The 5 Second Rule" by Mel Robbins

👉 Count down from 5 and take action immediately to override your brain's hesitation and fear

👉Focus on taking small, consistent steps towards your goal

👉Use positive self-talk to motivate yourself

"Eat That Frog" by Brian Tracy

👉 Identify the most important task you need to complete and do it first thing in the morning

👉 Break the task down into smaller, more manageable steps

👉 Set specific goals and deadlines for yourself

"Getting Things Done" by David Allen

👉Use a system of lists and categories to keep track of tasks and goals

👉Break down tasks into small, actionable steps

👉Regularly review and update your task lists to stay on top of things

Resume/Biodata tips

My tips on making an impactful resume and standing out.

(Includes my resume from IIM Bangalore days)

A thread 🧵:

What to write in the CV

4-5 relevant sections
-Resume Summary (More on this later)
-Work-Ex
-Education
-Internships
-Achievements
-Projects
-Extra-Curriculars
-Anything else that makes u stand out

How to write in the CV:

- No need of complete sentence. Phrases work
- Begin each point with an action verb -> Skill you are trying to highlight
- Focus only on your most relevant skills and experience.
- Mention numbers and specifics to show tangible achievements

How to write about your workex:

- Use Action words like Directed/Managed/Spearheaded instead of Duties included
- Convey stories - What was the Problem ? What actions you took? What were the results? What skills did you use & develop?

Very IMPORTANT to get shortlisted:

- More than 90% companies now use software (called ATS) to shortlist
- Software checks keywords to match job description (JD)
- Hence, you need TO include relevant keywords in your CV and tailor each CV based on the specific job

How to invest in US stocks?

• Online Brokers
• Taxation
• Yearly Limits
• Online research sites for US stocks

A thread 🧵. Please retweet for maximum reach.

What are some platforms that allow opening a US investment account?

- Groww
- Interactive Brokers
- Vested
- many others

You may like to read reviews online before opening an account with any provider.

Is there a statutory limit on investment?

As Indian resident, RBI’s Liberalized Remittance Scheme lets you remit upto $250,000 per year, per person. Above that, permission from RBI is required.

What are the capital gains tax on foreign stocks?

- US doesn't tax capital gains for us. However, tax applicable in India.

LTCG:- applicable if held above 24 months. Taxed @20% with indexation benefit
STCG:- if held for less than 24 months, Taxed at your income tax slab rate

What is the tax on dividends earned?

- Dividends taxed at flat 25% in US
- Also taxable at your income tax slab rate in India
- As per Double Tax Avoidance Agreement, tax withheld in US offsets tax liability in India

So tax to you is 25% or your tax rate, which ever is higher

I am an engineer from IIT Delhi. But more than any degree, what is needed in life is critical thinking, scientific temper and a curious mind.

I had made a list of experiments I want to do with my daughters to inculcate the same. Sharing it with you. A 🧵

🔬Create a Sea Breeze

Why is there breeze near the

🔬Sink Or Float - Experiment With Oranges And Water

Concept explained - Life

🔬Make a Human Sun Dial

Concept: Time, Shadows

🔬How Much Salt is Needed to Float in Water?

Concept: