BC BOOKS

Saved by @kirankio1996

Brian Feroldi
@BrianFeroldi 2 years, 9 months ago 1193 views

Save to PDF Share See On Twitter

I asked, “What book do you re-read the most?”

I received 441 replies

Here are 20 books that should be read again and again:

1/

7 Habits of Highly Effective People

by Steven Covey

2/

A Short History of Nearly Everything

by Bill Bryson

3/

As A Man Thinketh

by James Allen

4/

Atomic Habits

by @JamesClear

5/

Beyond Wealth

by Alexander Green

6/

Can’t Hurt Me

by @davidgoggins

7/

Extreme Ownership

by @jockowillink

8/

From Zero to One

by @peterthiel

9/

How To Win Friends And Influence People

by Dale Carnegie

10/

How Will You Measure Your Life

by Clayton Christiansen

11/

Meditations

by Marcus Aurelius

12/

The Art of Execution

by Lee Freeman-Shor

13/

The Millionaire Next Door

by Thomas Stanley

14/

The Compound Effect

by Darren Hardy

15/

The Four Agreements

by Don Miguel Ruiz

16/

The Goal

by Eliyahu M. Goldratt

17/

The Power of Now

by Eckhart Tolle

18/

The Psychology of Money

by @morganhousel

19/

Thinking, Fast and Slow

by Daniel Kahneman

20/

Think And Grow Rich

by Napoleon Hill

All of these books (and more) can be found on the “book recommendation” tab of my investing checklist

You can download a copy here:

https://t.co/3S3eoymaiZ

Enjoy this thread?

Follow me @brianferoldi

You may also enjoy my YouTube channel

https://t.co/U6cYGKyMLK

Want to see all books that were recommended?

Here’s the full thread:

Happy reading!

https://t.co/zWgNrTOdeK

What book do you re-read the most?
— Brian Feroldi (@BrianFeroldi) June 27, 2021

More from Brian Feroldi

Brian Feroldi
@BrianFeroldi

1/ How to review quarterly earnings 🧵

A step by step guide using $DXCM as an example

⬇️

2/ The BIG question: Is the thesis on track❓

Other question:

❓Is revenue growing?
❓Are margins stable/expanding?
❓Profits?
❓Balance sheet?
❓New opportunities?
❓New threats?

3/ I open 4 browser tabs

Tab 1 - Current company earnings report / shareholder letter

Tab 2 - Previous company earnings report / shareholder letter (check guidance)

Tab 3 - Analyst estimates

Tab 4 - Call Transcript

4/ Tabs 1 & 2 - Find the current & previous earnings report

I search "Dexcom Investor Relations"

I click on "press release"

Open the newest quarterly earnings report and last quarter

It can also be a shareholder letter/presentation

5/ Tab 3 - Find the quarterly analyst estimates

Open up $DXCM in yahoo finance

The "news" section usually has a link to reports on whether the company beat/met estimates

The "analysis" tab is a good source, but sometimes it updates to the next quarter too quickly

Brian Feroldi
@BrianFeroldi

I have an MBA in finance

But I’ve learned 10x more about investing from listening to podcasts than I did in school

Here are 24 podcasts that I regularly listen to that will make you a better investor⬇️

1/ Acquired -- @AcquiredFM

This podcast "tells the stories of great companies"

Ben Gilbert & David Rosenthal do a great job of talking through acquisitions & have a stellar list of guests

2/ Animal Spirits

@awealthofcs & @michaelbatnick break down financial news, share insights that they are thinking about, and recommend TV shows & movies

3/ The Business Brew

@BillBrewsterSCG does long-form, in-depth, discussions about capital allocation and the psychology of investing/business

4/ Capital Allocators

@tseides has an amazing series of guests that discuss all facets of investing

His recent book -- Capital Allocators -- takes all of the top learners from his interviews and condenses them into a book

Advertisement

Brian Feroldi
@BrianFeroldi

My 🔟 Biggest Investing Mistakes 🧵

1⃣Only looking at the share price

I bought penny stocks at the start

My logic: 100 shares of $1 stock > 1 share of $100 stock

WRONG!

The price of 1 share is meaningless!

What matters is how great the company is!

2⃣Only looking at dividend yield

I bought stocks with 10%+ yields

My logic: 10% yield > 1% yield

WRONG!

The dividend got cut and the share price dropped -- a double-whammy!

A high yield is Wall Street's way of saying "this yield is not sustainable, watch out"

3⃣Selling a great stock early

I bought $DXCM in 2007 for ~$6

I sold it 1 month later after a 15% gain

Current price: $412.58

I was in a rush to take profits, so I missed out on HUGE upside

If the opportunity is huge, hold!

4⃣Not buying a great stock due to valuation

I've made this mistake over and over again

I didn't buy $ZM at $80 because the valuation was "insane"

Current price: $455

If you like everything about the company except the valuation, but some

Even if it's just a little bit

Brian Feroldi
@BrianFeroldi

1/ An ode to @JeffBezos

Jeff is stepping down from CEO and moving on to Executive Chairman

He's one of the greatest owner/operators of all time

$10,000 invested in $AMZN at IPO is currently worth

$17.3 million!

Here's a list of my favorite Bezos facts and quotes 👇

2/ "We don’t celebrate a 10% increase in the stock price like

we celebrate excellent customer experience.

We aren’t 10% smarter when that happens

and conversely

aren’t 10% dumber when the stock goes the other way."

3/ Bezos invested $250,000 in Google in 1998

That's worth several BILLION dollars today

4/ "Your margin is my opportunity"

5/ "There are two kinds of companies,

those that work to try to charge more

and those that work to try to charge less.

We will be the second."

Brian Feroldi
@BrianFeroldi

1/ Mission Statements 🧵

I used to think mission statements were just corporate fluff

False words that companies created for HR reasons

I've slowly changed my mind about them

They are THE BEST stakeholder alignment & decision-making tool ever

EVER!

Need convincing? ⬇️⬇️⬇️⬇️

2/ What is a mission statement?

At its core, a mission statement should answer this question:

*****Why does the company exist?*****

A profound question that is easy to overlook!

3/ When used properly

Mission Statements should guide ALL of the actions of the organization

It's like a company's North Star

If an activity doesn’t advance the mission,

it should be discarded!

If an activity does advance the mission,

it should be adopted!

4/ A Mission and a Vision statement are different

Mission: WHY the company exists

Vision: What the company/world looks like if the company is successful

Both important, but they are NOT interchangeable

5/ The reason I used to think mission statements didn't matter

is because the vast majority of companies/CEOs

don't believe they matter!

Most companies SUCK at creating & communicating them!

Why should employees/shareholders care about a mission

if the company/CEO doesn't?

More from Books

Library Mindset
@librarymindset

7 Quotes from 7 Habits of Highly Effective People

(thread)

1)The significant problems we face cannot be solved at the same level of thinking we were at when we created them.

2)Things which matters most must never be at the mercy of the things which matter least.

3)What lies behind us and what lies before us are tiny matters compared to what lies within us.

Deep Note
@1DeepNote

10 Insightful Lessons From the Book ”Man’s Search For Meaning”

(Over 12 Million Copies Sold)

⚡️Book Review⚡️

1. He who has a why to live for can bear almost any how.

✅You will be able to face hard times way much easier if you manage to find meaning for your life.

2. You can adapt and get used to literally any condition.

It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.

🔴 Stepping out of our comfort zone will make us understand how further we can actually push our limits.

3. Have courage to accept the things you can’t control.

While being high in self-control is important in achieving our goals, we must not waste our time with things we can’t control.

👉What matters is how we react to situations that are beyond our control.

4. Avoid thinking about success

If you focus on making success your target, you are more likely to miss it.

✅Dedicate your time and effort to a vision that is more significant than yourself, and let success becomes a by-product of this dedication!

Advertisement

Poet of Power
@poetofpower

10 Fiction Books to transform your 20s.

➤ Siddhartha

”Wisdom cannot be imparted. Wisdom that a wise man attempts to impart always sounds like foolishness to someone else.”

There’s a lot you can learn from the internet, but you’re not learning if you’re only consuming.

Create something. Learn by doing.

➤ The Alchemist

”When you want something, all the universe conspires in helping you to achieve it.”

When you want something enough, it will always be on your mind.

Suddenly you'll see way more opportunities than you did before.

Figure out what you want and watch doors open.

➤ The Sorrows of Young Werther

”All the knowledge I posses everyone else can acquire, but my heart is exclusively my own.”

Learning a skill is the first step, but positioning is what makes the difference between competition and monopoly.

Find the niche that suits you most.

➤ Kafka on the Shore

”What you need to do is move from reason that observes to reason that acts.”

Watching others realise their dreams will make you informed at best and envious at worst.

Start your journey from consumer to creator (w/ @The1stReporter) and don't look back.

Andrew Duggan
@ajdduggan

15 Powerful Lessons from the book "Antifragile"

by Nassim Nicholas Taleb

| Thread

1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility

- The FRAGILE is harmed (think a glass)

- The ROBUST is unchanged (think The Phoenix)

- The ANTIFRAGILE gets better (think The Hydra)

2.

- There is no way to accurately predict WHICH events will occur

- We CAN measure how fragile we are to events

- We CAN take steps to robustify ourselves

- When shit hits the fan, the fragile breaks

- This applies to the economy, politics, health, etc

3. Naive Interventionism

- Systems are COMPLEX

- Most are beyond our understanding

- When we intervene, we introduce potential harm

- These 2nd and 3rd order effects introduce MORE volatility into the system

- This makes systems even less predictable

- STAY in YOUR lane

4. Via Negativa: Removing is superior to Adding

- Less can be More

- Don't add, subtract

- Eliminate the Artificial

- Eliminate the Unnatural

- Eliminate the Unnecessary

Apply these in all areas of your life. When in doubt, SUBTRACT

Book Quotes
@Strong_Mindd

8 Powerful Quotes From The Book "Letters from a Stoic" by Seneca

Thread

1. "If you live in harmony with nature you will never be poor; if you live according what others think, you will never be rich."

2. "Enjoy present pleasures in such a way as not to injure future ones."

3. "It is not the man who has too little that is poor, but the one who hankers after more."

4. "Associate with those who will make a better man of you."

You May Also Like

Enigma
@ainittomai

The Eye of Horus. 1/*

I believe that @ripple_crippler and @looP_rM311_7211 are the same person. I know, nobody believes that. 2/*

Today I want to prove that Mr Pool smile faces mean XRP and price increase. In Ripple_Crippler, previous to Mr Pool existence, smile faces were frequent. They were very similar to the ones Mr Pool posts. The eyes also were usually a couple of "x", in fact, XRP logo. 3/*

The smile XRP-eyed face also appears related to the Moon. XRP going to the Moon. 4/*

And smile XRP-eyed faces also appear related to Egypt. In particular, to the Eye of Horus. https://t.co/i4rRzuQ0gZ 5/*

$Anumah, Abdulraheem Okehi \U0001f468\u200d\U0001f52c\U0001f1f3\U0001f1ec \U0001f1eb\U0001f1f7 \U0001f1f5\U0001f1f9 \U0001f1ea\U0001f1f8$

Anumah, Abdulraheem Ok...
@AnumahABD

Department List of UCAS-China PROFESSORs for ANSO, CSC and UCAS (fully or partial) Scholarship Acceptance
1) UCAS School of physical sciences Professor
https://t.co/9X8OheIvRw
2) UCAS School of mathematical sciences Professor

3) UCAS School of nuclear sciences and technology
https://t.co/nQH8JnewcJ
4) UCAS School of astronomy and space sciences
https://t.co/7Ikc6CuKHZ
5) UCAS School of engineering

6) Geotechnical Engineering Teaching and Research Office
https://t.co/jBCJW7UKlQ
7) Multi-scale Mechanics Teaching and Research Section
https://t.co/eqfQnX1LEQ
😎 Microgravity Science Teaching and Research

9) High temperature gas dynamics teaching and research section
https://t.co/tVIdKgTPl3
10) Department of Biomechanics and Medical Engineering
https://t.co/ubW4xhZY2R
11) Ocean Engineering Teaching and Research

12) Department of Dynamics and Advanced Manufacturing
https://t.co/42BKXEugGv
13) Refrigeration and Cryogenic Engineering Teaching and Research Office
https://t.co/pZdUXFTvw3
14) Power Machinery and Engineering Teaching and Research

Advertisement

$Andrey \uf8ff Azimov$

Andrey  Azimov
@AndreyAzimov

The best way to know if people like your product is NOT:

- Have a lot of emails in the waiting list
- Become #1 on PH
- Become #1 of HN or Reddit
- Have people that saing "I'll pay"
- Have a lot of free users

The best way to know if they're actually pay for it.

The only thing that matters is your product providing a value, and you can't know this until people will pay money for it.

We can have a first signal of a product/market fit after the launch by check how many sales we've got in the first 24h. Some scale:

200+ This has a high potential.
100+: This has a potential.
50+: Some people need it.
10+: People almost don't need it.
0+: People don't need it.

This is for a single time payment product. For a subscription probably it should be less because people hate subscription.

And obviously, you should have a lot of traffic like 3-5k+.

Here is a stat for my products (macOS apps) for the first 24h after the launch:

Jo Luehmann
@JoLuehmann

“Don’t leave the church because of the people who hurt you. Nobody is perfect, only God”

I’ll explain why this comment is not only not helpful at all, but also very harmful.

1/

The comment assumes we can’t tell the difference between people and toxic theology, it assumes our issues are with a few people who are outliers and misrepresented God, and we just seem to think that’s the totality of divinity. Which makes us appear unintelligent and petty.

2/

But, that’s not the case at all. I didn’t leave because a few people hurt me in the name of God, in fact I stayed long enough to get hurt again, and again, and again, and again. Because it’s not a few bad apples hurting people in the name of God what we are dealing with.

3/

Instead we are talking about systemic abuse due to toxic theology that is taught as righteousness.

Go to any white evangelical church today and conduct all the tests you must to ensure only those who are “good Christians,” remain. I guarantee you people will be harmed there.
4/

Not because people just hurt people, not because Christians have good intentions but sometimes make mistakes; instead because the harm is caused due to indoctrination into toxic theology and a belief that their social and theological framework is not only good,

5/

Sahil
@sahilypatel

Want to do an MBA for free ?

A thread 👇

1) Leadership: Foundations of Teamwork and Leadership

School: wharton

2) Marketing: Marketing Management

School: wharton

3) Microeconomics: Microeconomics for Managers

School:

4) Financial Theory

School: