Thread on 50 GOLDEN RULES of Warren Buffett ( One Rule Per Day)

Day 1:

4 Filters Of Investing.

Day 2:

To understand Investing you need not required to be a genius. Investing is not a rocket science.
Day 3 :

Personal Finance.
Day 4 :

Margin of safety.

Image Courtesy: Prof. Sanjay Bakshi blog.
Day 5:

Management.
Day 6:

Start Early.
Day 7 :

Reputation is your biggest asset.
Day 8 :

If you have time to study the businesses then go for direct equities otherwise SIP in low cost index funds.
Day 9 :

Risk.
Day 10:

Prediction🔮
Day 11:

Investor & Market fluctuations.
Day 12 :

Focus on Process.
Day 13:

Invest in yourself.
Day 14:

Honesty.
Day 15:

How about investing in turnaround stories?🤔 👇
Day 16:

Your inner scorecard matters.
Day 17:

Handful of few good stocks are enough.
Day 18:

Associate with people better than you 🤝
Day 19:

Quality business @ fair price 👊👊
Day 20:

Speculation.
Day 21:

A clever person likes to solve the problem, whereas a smart person clearly avoid it!

Investing is not for clever people but it is for smart people. Be smart.
Day 22:

On ideal business.
Day 23:

Dealing with people.
Day 24:

Invest on future growth of the business & not based on past glory.
Day 25:

On "Circle of competence" ⭕
Day 26:

Spend money prudently...otherwise👇
Day 27:

Invest only in this kind of businesses with this kind of mindset.
Day 28:

Simple businesses| Higher degree of predictability| Less vulnerable to technological disruption.
Day 29:

First focus on survival.
Day 30:

Choose the right "role models".
Day 31 :

On Leverage.
Day 32 :

Advice to new investors.
Day 33 :

Admit your mistakes and move on, it is a part of the game, and better if you understand this in the early stage.
Day 34 :

How to deal with advisors.
Day 35 :

Learn from everyone. But walk in your own path 🛤️
Day 36 :

Keep the things simple & be disciplined (Remember: Looks simple but not easy 😊)
Day 37:

On Banking business.
Day 38:

Compounding is a long journey.
Day 39:

It is the path & not the speed. Be careful about the path you have chosen.
Day 40:

Sharing wealth.

#Respect 🙏

Courtesy: The giving pledge web portal.
Day 41:

WB investing approach in a nutshell.
Day 42:

On valuations.
Day 43:

Whatever the rally... be it IT rally in the 2000s, Infra rally in 2007-08 & recent Graphite electrode rally....wise people made money but most of the retail investors entered in later stage & trapped.
Day 44:

Longer the holding period = Risk 🔽
Day 45:

During crisis = Cash is king, at the same time your courage is also important.
Day 46:

Think about this 👇
Day 47:
In a good time, even a mediocre business looks amazing.

Remember almost all IT companies trading at a ridiculous valuations b/w the late 90s to early 2000s & most of them now either disappeared or turned out to be a penny stock.
Day 48:

Don't break the rules. Don't look for shortcuts.
Day 49:

Before buying any stock don't look for "how much I make". Look downside protection ( both in terms of price & quality)
Day 50:

Never forget this 🙏

[ End ]

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The best morning routine?

Starts the night before.

9 evening habits that make all the difference:

1. Write down tomorrow's 3:3:3 plan

• 3 hours on your most important project
• 3 shorter tasks
• 3 maintenance activities

Defining a "productive day" is crucial.

Or else you'll never be at peace (even with excellent output).

Learn more


2. End the workday with a shutdown ritual

Create a short shutdown ritual (hat-tip to Cal Newport). Close your laptop, plug in the charger, spend 2 minutes tidying your desk. Then say, "shutdown."

Separating your life and work is key.

3. Journal 1 beautiful life moment

Delicious tacos, presentation you crushed, a moment of inner peace. Write it down.

Gratitude programs a mindset of abundance.

4. Lay out clothes

Get exercise clothes ready for tomorrow. Upon waking up, jump rope for 2 mins. It will activate your mind + body.

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