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10 threads that will teach you more about business than any business degree:

 1/ Who: @naval

What: Principles to wealth creation

Tweet: https://t.co/GHxb311kjH
2/ Who: @sweatystartup

What: Actions to wealth creation

Tweet:
https://t.co/oxOMzx50g3
3/ Who: @RomeenSheth

What: Early career advice

Tweet:
https://t.co/9GwongUFSG
4/ Who: @heykahn

What: Career acceleration

Tweet:
https://t.co/fPXw1xWpIt
5/ Who: @wes_kao

What: Converting customers

Tweet:
https://t.co/of8oI2T1aQ
6/ Who: @wdmorrisjr

What: Secrets to better selling

Tweet:
https://t.co/P8DCMnisWm
7/ Who: @SahilBloom

What: Writing a cold email that works

Tweet:
https://t.co/n6mDZ6Hh2x
8/ Who: @david_perell

What: Building a personal business model

Tweet:
https://t.co/gn47Wc4Wqh
9/ Who: @dickiebush

What: How to tell captivating stories

Tweet:
https://t.co/cbsnPY3XUc
10/ Who: @bbourque

What: How to scale your company

Tweet:
https://t.co/U9EmoYB2MU
Follow me @thealexbanks for more threads on business, finance, community and growth.
If you enjoyed this thread, here's another I think you'll love:
https://t.co/ehvV9XixOB
Help the community grow and quote tweet this thread:
https://t.co/fAHWPWCCdu

More from Alex Banks

Alex Banks
Alex Banks
@thealexbanks
10 newsletters that will teach you more than any $150,000 MBA:

1/ World Builders

Who: @nathanbaugh27

What: The newsletter to make you a better

2/ The Generalist

Who: @mariogabriele

What: Unpacking the most important companies in tech and

@mariogabriele 3/ Young Money

Who: @Jack_Raines

What: The best finance blog you've never heard

@mariogabriele @Jack_Raines 4/ Through the Noise

Who: @throuthenoise

What: Startups and venture capital. Without the
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Alex Banks
Alex Banks
@thealexbanks
Want to be a 10x better communicator than 95% of people?

Use McKinsey's 3-step Pyramid Principle:

McKinsey is the most powerful consulting firm on earth.

• $10B in revenue
• 30,000+ employees
• 90+ years of history

This is their 3-step process for structured communication:

1/ Start with the answer first

It's natural to build up to a conclusion after presenting the facts.

Instead, give the answer first.

This allows your listener to quickly process your recommendation.

"What should we do?" → "You should do X."

You'll be more persuasive.

2/ Group and summarise your supporting arguments

Your ideas should form a pyramid under your answer.

Your ideas at one level must be a summary of the ideas below.

For each supporting argument, break down into a group of 3.

Three is the magic number– memorable and persuasive.


3/ Logically order your supporting ideas

You want to make sure your ideas belong together.

1. Time order - follow if there is a sequence of events
2. Structural order - break a single thought into its parts
3. Degree order - present your ideas from most to least important
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Alex Banks
Alex Banks
@thealexbanks
The 10 best AI businesses to start with ChatGPT right now:

AI is going to contribute $15.7 trillion to the global economy in 2030.

This is more than the current output of China and India combined.

Instead of thinking about what it will be like in a decade,

Here's how you can take advantage of the opportunity right now:

1/ Copywriting

In a few seconds you can write powerful sales copy that any company would be inclined to use.

Here's how you can start monetising and stand out:

• Create a Fiverr account
• Standard delivery is often 2-7 days for website copy
• Your delivery will be 2 hours


2/ Translation

Translators are often limited to 2-5 languages.

You know every language under the sun with ChatGPT.

You can offer your services to millions of people and output more work than would ever be humanly possible.


3/ Customer service

It's expensive for companies to hire customer service representatives.

You can start an agency to help these online businesses manage their customer service easily.

Find virtual assistants for $3-5 per hour and have them operate ChatGPT for you.
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Alex Banks
Alex Banks
@thealexbanks
Investing can be complicated.

Let's make it simple.

10 terms every entrepreneur and investor should know:

1/ Internal Rate of Return (IRR)

IRR tells you what your average return is when time value of money is factored in.

Let's say you have an option to get 100K today or 100K in 5 years.

You would obviously prefer to get paid today so you can reinvest.


This also prevents future inflation from eating your purchasing power.

An investment that realises returns sooner than later will have a higher IRR.

2/ Multiple of Money (MoM)

Also known as cash-on-cash return or multiple of invested capital (MOIC).

Example:

Total cash inflows (proceeds from sale of a company) = $100M
Total cash outflows (initial investment) = $10M

MoM would be 10.0x.


3/ Rule of 72

A “back-of-the-envelope” method to calculate how long it would take your investment to double (2x).

Example:

How long would it take to double my money if I invest in the S&P 500?

S&P 500 average return = 8%

= 72 / 8

= 9 years
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Alex Banks
Alex Banks
@thealexbanks
Hard skills get you in.

But soft skills get you far.

10 threads that will accelerate your career:

1/ Who: @RomeenSheth

What: Enter through the side door

Tweet:


2/ Who: @slizagna

What: Resume


3/ Who: @heykahn

What: Soft skill


4/ Who: @SahilBloom

What: Nail the
SOFT SKILLS

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Vibhu Vashisth \U0001f1ee\U0001f1f3
Vibhu Vashisth 🇮🇳...
@VIBHU_Tweet
MAHARAJA CHHATRASAL BUNDELA was the great Bundela King who revolted against the Mughal ruler Aurangzeb.
Chhatrasal Bundela was born in year 1649 CE in Maur Hill of Bundela region to Champat Rai and Lal Kunwar. He was the descendent of Rudra Pratap of Orchha.


His ancesters were the vassals of Mughal Emperor. He drew inspiration from his father and revolted against the alien rule of Mughals. He was just 12 yrs old when his parents died in fight against the Mughal Army of Aurangzeb in 1661.

When his beloved father attained martyrdom in the year 166, the young Chatrasal was present in the last battle of his father against the Mughal and from these valiant campaigns,..

..he gathered the courage to free Bundelkhand from Aurangzeb’s rule.
He joined the Mughals initially, and was recommended by the Rajput King Mirza Jai Singh to be recruited in the Mughal Army in order to support their Deccan Campaigns.


But serving the alien rule of Mughals which brought chaos and misery to Bundelkhand was unacceptable for Chatrasal Bundela and his father’s incessant struggle against the Mughals kept the fire of independent Bundelkhand alive in his heart.
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\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
#Thread
12 Most Powerful Hanuman Mantras

Hanuman ji is the Hindu God of strength, valor, agility, and wisdom. He is considered as the incarnation (avatar) of bhagwan Shiva. Hanuman ji is the symbol of devotion and dedication. He is the greatest devotee of Prabhu Shri Ram. 1/n


Hanuman ji is known by several names such as Bajrangabali, Mahabali, Maruti Nandan, Pawanputra, Mahaveer, and Anjaneya. Hanuman ji is the son of Bhagwan Vayu, the wind god.

God Hanuman played a prominent part in rescuing Mata Sitafrom the bondage of demon King of Lanka, Ravana.


One can worship Hanuman ji by chanting Hanuman Mantras. There are many different types of Hanuman Mantras, each fulfilling a specific purpose. Hanuman Mantras help to beget the blessings of Mahabali Hanuman for success. 3/n


Let’s explore these powerful Hanuman Mantras one by one. Here’s the list for you:

1. Hanuman Moola Mantra
!! Om Hanumate Namah !!
ऊँ हनुमते नम:

You can chant the “Hanuman Moola Mantra if you usually face problems and obstacles in your life.4/n
#hanumanjanmotsav


However, the Human Moola Mantra is also a very powerful success mantra.

It’s a Kaarya Siddhi Mantra.

It is highly advised that all those who usually face obstacles and problems in their life should chant the Hanuman Moola Mantra. 5/n
#hanumanjanmotsav
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
AGAMA SHASTRA:THE SCIENCE BEHIND THE MARVELS OF HINDU ARCHITECTURE

Agama Shastra is a Sanskrit word that means the manual for worship, temple building, rituals etc in Hindu Tradition.From Sanskrit,agama means handed down by tradition and Shastra means a commentary or treatise.


Therefore, Agama Shastra is a collection of ideas that drafts the rules for worship, temple construction, spirituality and rituals. It has been a guideline for many Hindus from ancient times. It's a collection of Sanskrit, Tamil and Grantha scriptures that mostly contains...


...methods of temple construction, idol creation, philosophical doctrines and meditative practices. It came into being after years of assimiliation and from a variety of sources. Some parts of it are pre-vedic while some are post-vedic.


Hindu Temples are not just temples, they are the pride and identity of Hindus. They are the symbols of Hindu unity and their religious aspirations. Temples are the places of spiritual healing and are our connection with the creator almighty.


Temples are the priceless treasure of our History, Heritage ,Art & Architecture. Architecture that mesmerises and spell bounds you. And Agama Shastra is that very text which is responsible for such a mesmerising and spell binding quality and beauty of our Hindu Temples.
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Ax
Ax
@AchuthArora
@Artofphysique_ @buzz_chronicles @rattibha @SaveToBookmarks save as Workouts
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professorstam.eth
professorstam.eth
@ProfessorStam
I worked in bank liquidity and treasury for the better part of the last decade, and there is one very interesting risk factor from the SVB collapse that I do not think we have ever witnessed before in modern finance, a 🧵:

First, some context. Following the 2008 financial crisis where a massive driver of stress was caused by low quality assets littering the balance sheets of massive institutions, the regulators sought to create a framework to ensure all banks were verifiably sound.

This meant forcing Federally registered banks to conform to capital and liquidity ratios. If they did not comply, they would not be allowed to issue dividends or buy back stocks, hurting the value of their enterprise.

There was the introduction of the concept of RWA, or risk weighted assets. A simple way to think of these ratios is, the riskier your asset base on a weighted basis, the more high quality capital (think cash) you would need to hold to stay in compliance.

Not only were banks required to regularly be in compliance with these ratios as a going concern, but needed to prove they could maintain certain limits when met with a time of stress across a number of incrementally adverse scenarios.
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Groww
Groww
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You want to buy a house.

You take a loan from the bank.

The bank asks you, “what if you don’t pay back?”

You say, “take my home and sell it”.

(Thread)

That makes sense. The bank gives you a loan and in case you don’t pay, the bank will take over your house and sell it and recover its money.

That’s collateral.

Banks also lend money to big corporations. With them, banks don’t always have collateral.

So a loan where the bank has collateral is considered safer for the bank.

In the early 2000s, the banks in the USA were giving out loans to people for buying houses.

The economy had just recovered from the tech bubble in 2000 where many banks had given out loans to businesses that had shut down.

In that backdrop, the banks found giving home loans safer.
ALL , 2008 CRASH , 2008 RECESSION
Zena Hitz
Zena Hitz
@zenahitz
I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x


The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x

Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x

The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x

It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
CULTURE
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SK
SK
@sk_diary1
#sculpture #story -

Chandesha-Anugraha Murti - One of the Sculpture in Brihadeshwara Temple at Gangaikonda Cholapuram - built by Raja Rajendra Chola I

This Sculpture depicts Bhagwan Shiva along with Devi Paravathi blessing Chandeshwara - one of the 63 Nayanmars.

#Thread


Chandeshwara/Chandikeshwara is regarded as custodian of Shiva Temple's wealth&most of Shiva temples in South India has separate sannathi for him.

His bhakti for Bhagwan Shiva elevated him as one of foremost among Nayanmars.
He gave importance to Shiva Pooja&protection of cows.


There are series of paintings, illustrating the #story of Chandikeshwar in the premises of
Sri Sathiyagireeswarar #Temple at Seinganur,near Kumbakonam,TN

Chandikeshwara's birth name
is Vichara sarman.He was born in the village of Senganur on the banks of River Manni.


His Parent names were Yajnathatan and Pavithrai.
Vichara Sarman was a gifted child and he learnt Vedas and Agamas at a very young age.
He was very devout and would always think about Bhagwan Shiva.

One day he saw a cowherd man brutally assaulting a cow,Vichara Sarman could not tolerate this. He spoke to cowherd: ‘Do you not know that the cow is worshipful & divine? All gods & Devas reside in https://t.co/ElLcI5ppsK it is our duty to protect cows &we should not to harm them.
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\U0001f1fa\U0001f1f8I Support Our Military & Law Enforcement\U0001f1fa\U0001f1f8
🇺🇸I Support Our Milita...
@TheWiseOwl_AZ
1. We were informed that Tier 4B (us, the Internet Group) would receive 800# notification on Wed. 16 Dec. (A Shotgun Release of liquidity started on Mon. 14 Dec.).

Redemption Center personnel were scheduled to work for the next nine days from 8:30 am to 8:30 pm until...

2. ... Dec. 24, when they would close at 5:30 pm.

The general public would begin exchanging at the new International Rates on the first banking business day after the Christmas Holiday.

A. The RV, NESARA, GESARA, Restored Republic and Martial Law

3. According to Charlie Ward we began the Ten Days of Darkness on Tues. 15 Dec. The Ten Days would finish Dec. 24 Christmas Eve with the US going into NESARA and then the rest of the world would go straight into GESARA on 1 Jan. 2021.

4. Every single country and territory has agreed to GESARA. The UK government corporation was liquidated in Oct. last year and it was finalized last week. France has started breaking up their Parliament. Everything needed for implementation of NESARA/GESARA was finished.

5. Trump’s Christmas present: In a recent Executive Order President Trump declared that all government agencies (except for essential ones) permanently close on Dec. 24 2020. Trump had that authority since we were already under Martial Law (the US had been functioning under...
WAR
Invest Like the Best
Invest Like the Best
@InvestLikeBest
In 1937, a trucker got frustrated waiting for his cargo to be unloaded. He later sold his company for $1.1 billion.

Here’s the story of how Malcom McLean made a billion dollars and which startup could be following in his footsteps. (Inspired by our episode with @laurabehrenswu)


In the early 1950s, the shipping industry was a dying business.

New York’s docks were handling half as much domestic cargo in the early 1950s as they had been in the depressed 1930s.

In thirty years, no one had invested significant money in coastal shipping.

Why?

As McLean found out, loading ships was difficult and slow.

A truck or train would deliver items to the port. Each item was unloaded separately, recorded, and carried to storage.

When a ship was ready, each item was taken from storage, counted again, and hauled on-board.


The cost of this labor was significant. As one expert at the time explained:

“A four-thousand-mile voyage for a shipment might consume 50 percent of its costs in covering just the two ten-mile movements through two ports.”


Yet, despite the industry’s issues, it felt little pressure to change.

Foreigners were barred from operating domestically. Cartels ran international routes. And gov. subsidies eased the pain of labor costs.

Reshaping the industry needed an outsider.

Enter Malcolm McLean.
HISTORY