Interesting thought experiment: If you had the opportunity to switch places with Warren Buffet, would you do it?
You would be a billionaire, but you would also be 90.
Time > Money.
0/ [THREAD] Over the last 4 years, I’ve interviewed 100+ of the most successful Investors, Founders and Executives in the world.
Here are the 20 "must have" lessons that most stuck out to me.
Lessons on life, career advice, entrepreneurship and startups 👇👇👇
Interesting thought experiment: If you had the opportunity to switch places with Warren Buffet, would you do it?
You would be a billionaire, but you would also be 90.
Time > Money.
Contrary to popular belief, being overrated is good. It opens doors and gives you credibility.
But don’t let this go to your head. Stay hungry, humble and hardworking.
Open Minded People:
- Ask genuine questions
- Insatiably curious
- Listen attentively
Close Minded People
- Make statements instead of ask questions
- Focus on being right
- Speak more
If you get advice from enough people, the advice will cancel out. You can find 2 smart people to take opposite sides of the argument on virtually every topic.
Focus on developing your instincts and trusting your own intuition.
Most people hate messes and avoid them like the plague. But this is where the impact lives.
If you let details go, you slowly chip away at your core. Doing 1% less consistently makes underachievement inevitable.
It’s really important to separate inputs (process) from output (outcomes).
Every so often you will have a great outcome that seemingly comes out of nowhere — this is luck.
Do not get seduced by it; it isn't repeatable.
Every commitment is 2 decisions: (1) A decision to engage on X AND (2) a decision not to engage on Y.
Guard your time. As the road widens, many of the detours are seductive.
Most people hit roadblocks and give up. Successful people understand roadblocks are a part of the journey.
When you hit a roadblock - embrace it, work through it, celebrate and then “re-rate” your baseline.
Cows consistently graze. This is akin to 9-5 jobs. Always operating at ~30% efficiency.
Lions pounce in bursts. This is counterintuitive. Work on high intensity, high value projects. Execute at 120%.
Rest. Rejuvenate. Repeat.
Every complexity starts out as a snowball. Address it head on.
If you let it fester, it’ll turn into a boulder and you’ll either (a) get crushed or (b) have to spend an inhumane amount of energy to fix it.
Top 1% is really tough, but Top 10% is achievable by most people.
Capitalism rewards things that are rare and valuable. You make yourself rare by combining “three pretty goods.”
Build in public. Send that cold email. Build relationships with people you look up to.
The most interesting opportunities are never on job boards, they’re created organically.
Best idea? Maybe
Correct answer? Maybe
Most useful answer? Maybe
Most persuasive story? Definitely
Nobody wants the facts, everybody wants a story.
Every opening is a sale - partnerships, recruiting, vision, fundraising
Every close is a negotiation - hiring, alignment, price, terms, value
Can Control:
- Attitude
- Mood
- Reaction
- Effort
- Curiosity
- Motivation
Can’t Control:
- Other People
- The World
To win big, surround yourself with (A) other greats, (B) "role players" and (C) a system that brings out the best in everyone.
All three of these are equally important and allow you to thrive.
How to build a successful business:
- Traction
- Speed
- Simplicity
- Consistency
- Community
- Iteration
- Imitation
How to feel like you're building a successful business:
- $ Raised
- Investor Brand
- Advisors
- Headcount
- Adulation
Expiring skills are tactical; their relevance diminishes with time and technology
Permanent skills are evergreen and create disproportionate impact (e.g. communication, judgement, trust, empathy)
At the end of the day, everyone wants the same thing: to feel fulfilled, maintain pride and enjoy what they’re doing.
Remember that, apply it to every interaction you have and you can get through the toughest of conversations.
Religion. Family. Friends. Kids. Whatever it is, find it.
Life only gets more complicated as you grow older.
Anchors help keep it simple - they remind us what actually matters.
More from Romeen Sheth
Early career years are painful.
You feel like an idiot 98% of the time - lost, confused and insecure.
I wish I had a playbook on principles for my first job.
So I put one together.
Here are 9 threads packed with lessons about building a career I wish I knew sooner:
1. First and most important - have a clear mind.
Without clarity of thought, nothing else matters.
Here are the most common types of distortions I’ve observed over the years.
Self awareness has helped me catch myself before falling into a trap.
2. Enter the side door
Most people enter the “front door” in their careers.
The problem is - when you do what most people do, you get the results most people get.
If you want a n-of-1 career, don’t take the 1-of-n path.
3. Adversity is inevitable
Any journey that’s worthwhile is filled with adversity.
If it was so easy...everybody would do it.
Here’s the way I’ve worked through dealing with the road blocks that are part of every entrepreneur’s journey.
4. Learn from the world's best
I love talking to world class people - CEOs, Founders, Execs, Athletes.
There's a lot of commonality in world class success.
Unpacking how these people got to where they are is always inspiring.
You feel like an idiot 98% of the time - lost, confused and insecure.
I wish I had a playbook on principles for my first job.
So I put one together.
Here are 9 threads packed with lessons about building a career I wish I knew sooner:
1. First and most important - have a clear mind.
Without clarity of thought, nothing else matters.
Here are the most common types of distortions I’ve observed over the years.
Self awareness has helped me catch myself before falling into a trap.
The world's most valuable skill:
— Romeen Sheth (@RomeenSheth) September 22, 2021
Clarity of thought.
The problem? There's no school for this.
It takes time, patience and a lot of early career fumbling.
Here are 10 cognitive distortions I faced early in my career and an insight for you to break through each one \U0001f447\U0001f447\U0001f447
2. Enter the side door
Most people enter the “front door” in their careers.
The problem is - when you do what most people do, you get the results most people get.
If you want a n-of-1 career, don’t take the 1-of-n path.
The ultimate hack to 10x your career:
— Romeen Sheth (@RomeenSheth) November 2, 2021
Enter the Side Door.
Let's break it down \U0001f447\U0001f447\U0001f447
3. Adversity is inevitable
Any journey that’s worthwhile is filled with adversity.
If it was so easy...everybody would do it.
Here’s the way I’ve worked through dealing with the road blocks that are part of every entrepreneur’s journey.
15 timeless principles on how to deal with adversity \U0001f447
— Romeen Sheth (@RomeenSheth) November 16, 2021
4. Learn from the world's best
I love talking to world class people - CEOs, Founders, Execs, Athletes.
There's a lot of commonality in world class success.
Unpacking how these people got to where they are is always inspiring.
I interviewed 100 legendary investors, founders and executives.
— Romeen Sheth (@RomeenSheth) September 24, 2021
Collectively, they have created over $1 trillion of value for the world.
Here are 20 practical career lessons they shared with me \U0001f447\U0001f447\U0001f447
More from All
Master Thread of all my threads!
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Hello!! 👋
• I have curated some of the best tweets from the best traders we know of.
• Making one master thread and will keep posting all my threads under this.
• Go through this for super learning/value totally free of cost! 😃
1. 7 FREE OPTION TRADING COURSES FOR
A THREAD:
— Aditya Todmal (@AdityaTodmal) November 28, 2020
7 FREE OPTION TRADING COURSES FOR BEGINNERS.
Been getting lot of dm's from people telling me they want to learn option trading and need some recommendations.
Here I'm listing the resources every beginner should go through to shorten their learning curve.
(1/10)
2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
The absolute best 15 scanners which experts are using.
— Aditya Todmal (@AdityaTodmal) January 29, 2021
Got these scanners from the following accounts:
1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX
Share for the benefit of everyone.
3. 12 TRADING SETUPS which experts are using.
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.
12 TRADING SETUPS which experts are using.
— Aditya Todmal (@AdityaTodmal) February 7, 2021
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
4. Curated tweets on HOW TO SELL STRADDLES.
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
Curated tweets on How to Sell Straddles
— Aditya Todmal (@AdityaTodmal) February 21, 2021
Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on Straddles
Share if you find this knowledgeable for the benefit of others.
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
