BC BOOKS
Saved by @kirankio1996

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

More from Brian Feroldi

Brian Feroldi
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?
FINANCE
Brian Feroldi
Brian Feroldi
@BrianFeroldi
1/ My most popular tweets of 2020 by month (thread)

January:

A reminder of @morganhousel cash strategy.

For every $1,000 in cash:

More: ⬇️⬇️⬇️⬇️⬇️


2/ February

If you've truly found the next $AMZN, $AAPL, or $NFLX and can hold for years, it's nearly impossible to overpay.

But finding them is hard.

3/ March

Millennials have seen tech crash, 2008, and now #COVID19

I'm worried that many of them will swear off the stock market -- the greatest wealth-building device ever -- for life.

4/ April

Want to see the checklists used by

Buffet
Dalio
Fischer
Graham
Greenblatt
Klarman
Marks
Munger

and

5/ May

When the P/E ratio is:

Useless (Stage 1, 4) - $MDB, $SHOP, $PINS, $GME, $JCP

Semi-useful (Stage 2) - $TTD, $NFLX

Useful! (Stage 3) - $MSFT, $AAPL, $V

In determining valuation
FINANCE
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Brian Feroldi
Brian Feroldi
@BrianFeroldi
I asked, “What are the first metrics that you look at when evaluating a new stock?”

I received 322 replies

Here are 10 great metrics to look at first (and how to find them):

1/ Market Capitalization

Why: Shows the current size/scale of the business

Where: @YahooFinance (image), @theTIKR , @KoyfinCharts ...etc


2/ Sales Growth Rate

Why: Shows the business model works & current growth rate

Where: @stockcardhq (image), SEC filings, @theTIKR...etc


3/ Free Cash Flow

Why: Is business generating cash or burning cash?

Where: @YahooFinance (image), SEC Filings, @stockrow1...etc


4/ Returns on capital (ROE, ROIC, ROA)

Why: Shows capital efficiency of business

Where: @stockrow1 (image) , @ycharts , @YahooFinance...etc
FUNDAMENTAL , FUNDAMENTAL ANALYSIS
Brian Feroldi
Brian Feroldi
@BrianFeroldi
My inflation strategy:

Own businesses with recession-proof demand and pricing power
MACRO
Brian Feroldi
Brian Feroldi
@BrianFeroldi
The 🔟 Most Important Money Lessons

I Wish I Could Teach My Younger Self 🧵

1⃣ ALWAYS live below your means


2⃣Developing a long-term mindset

is the foundation of financial success


3⃣In the beginning, your savings rate is all that matters

Eventually, your investing returns are all that matters

Focus your time accordingly


4⃣Financial freedom is achievable

The price is ~10 years of hardcore saving/investing
LIFE

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Vidya
Vidya
@VidyaG88
1/25

Some books within minutes , force you to ditch the e-version of kindle & buy the hard copy instead !🙂

The Joys of Compounding is one such 💎
Content ( Curation + Creation ) at its finest !

Compressed JUST A FEW takeaways in this 🧵

#BookTwitter
#BookRecommendation


2/25
Invest in yourself. Read.
Self educate. Think in isolation !

Everything in life can teach you when you possess the right mindset.
Read across a wide spectrum,for the scenes change but the behaviours & outcomes don't.

How to go about #READING & #THINKING effectively.
👇


3/25

First Principles Thinking requires us to delve deeper & question everything until one is left with the fundamental truth in essence.

Deconstruct to effectively
Reconstruct ! ( Both in times of Greed & Gloom )

How to apply it to the field of #ValueInvesting
👇


4/25
Know the difference between Being Rich & Staying Rich.

Quite a few become rich , FEW maintain it - For it requires humility , gratitude & a constant learning mindset.

Think probabilistically.
Consume content wisely.
Apply #LindyEffect to learning.

Some pointers
👇


5/25
Some #TimelessWisdom

Don't sulk on missing out on trophies or fame.
Enjoy life's tiny delights .There are plenty for all of us !

For one day when we look back we shall realise that it was the little things that mattered the most ! 🙂
👇
BOOKS
Deep Note
Deep Note
@1DeepNote
10 Life-Changing Lessons “The Art of War” by Sun Tzu

⚡️Book Thread⚡️


1. “Let your plans be dark and impenetrable as night, and When you move, fall like a thunderbolt.”

We should devote a significant amount of time to planning.

But remember, without solid action, a plan is just a plan, and nothing more.

2. "There are not more than five primary colors, yet in combination, they produce more hues than can ever be seen.”

It’s not about the number of tools you have, it’s about how you use them.

3. “If he sends reinforcements everywhere, he will everywhere be weak.”

Focus is important in order to succeed.

Concentrate on key areas of improvement, and don’t try to be everything and anything at once.

4. “There is no instance of a nation benefiting from prolonged warfare.”

We shouldn't wait forever to tackle our problems

We should make progress toward our goals as soon as possible
BOOKS
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Sumit Grrg
Sumit Grrg
@sumitgrrg
These 10 threads will teach you more than reading 100 books

Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)


10 competitive advantages that will trump talent (2/10)


Some harsh truths you probably don’t want to hear (3/10)


10 significant lies you’re told about the world (4/10)
ALL , MOTIVATION , BOOKS
Max Koh
Max Koh
@heymaxkoh
2 weeks ago, I started reading "Fooled by Randomness" by Nassim Taleb.

WOW, It's been mindblowing!

Thanks to @dvassallo 's recommendation.

Inside, there's a part he talks about how to deal with volatility.

Here’s 6 big lessons that are useful in the current market crash:


Lesson #1:
Negative emotions of seeing your stocks drop > Positive emotion from seeing your stocks rise.

"A negative pang is not offset by a positive one...

Some psychologists estimate the negative effect for an average loss to be up to 2.5 the magnitude of a positive one)...

... At the end of every day the dentist will be emotionally drained.

If the unpleasurable minute is worse in reverse pleasure than the pleasurable minute is in pleasure terms, then the dentist incurs a large deficit when examining his performance at a high frequency."

Lesson #2:
When we zoom out and check the prices less frequently, we are less affected by negative emotions.

Because over a longer time horizon, the market tends to rise more than it goes down.
BOOKS
Universal Mind
Universal Mind
@univ_mind_
10 MUST-READ Quotes From the Book: "Think and Grow Rich"

By Napoleon Hill

\\ Thread //


1. “More gold had been mined from the mind of men than the earth it self”

2. “A quitter never wins-and-a winner never quits.”

3. “The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.”

4. “Happiness is found in doing, not merely possessing.”
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Planning for Overlord and Neptune had a serious snag, how to get troops from LSTs onto the beach as simply ramming them onto the beaches and dropping the ramp was known to damage the exceptionally vulnerable LSTs and felt to be unsustainable in the mid to long term. /2


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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


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

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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
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WORLD OF SANATAN DHARM...
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WHY BABUR NEVER TRIED TO ATTACK SRI KRISHNADEVARAYA ?

A🧵u must read

It is very well known that Babur considered Krishna Dev Raya as the strongest ruler of the entire subcontinent, and Vijayanagar empire the strongest during that time in India.

1/10


The Vijayanagar empire reached its peak during 1509-1529 around the reign of Krishna Dev Raya.

Vijayanagar’s famed elephant brigade 👇

2/10


At his command there were over 50000 elite troops with a regiment of Portuguese gunners and 3200 cavalry with 600 elephants.

3/10

Along with that more than four hundred thousand ( four lakh) peasant levies and irregular military made this empire one of the largest in all of South Asia.

A typical Vijayanagar levie soldier 👇

4/10


During Baburs invasion, Krishna Dev Raya ruled supreme in all of deccan.

In fact, in an all our brawl, Krisha Dev Raya will beat Babur fair and square.

Babur could muster at max 50000 troops with 50 canons.

While Krishna Dev Raya had these numbers in Hampi alone

5/10
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1. The major problem most startups face is marketing and the ability to carve out a niche, find and retain paying customers.

Even with a stellar developer team and a stellar product, your startup may not grow or survive without a great marketing and sales teams.

2. Start growing your audience before you’ve a product or an idea.

You should start promoting yourself and building your audience before you have a finished product or even before you have a great idea that you want to build.

3. Don’t wait to start building your audience after you’ve launched a product.

Most first-time developers actually ignore marketing.

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STARTUPS
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Nikita Poojary
@niki_poojary
One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
SCREENERS , A SCREENER