Read all these books in the first half of 2021 📖📚

Recommending all of them 👇🏼

It's the weekend!

Grab a cup of coffee, in this thread I will explain

1. How to do Industry Research?
2. How to research a Company from scratch?
3. How to determine Margin of Safety and build an Investment Case?

Lets dive right in.

The most frequent question I get asked is - How should I research an industry or a trend?

A good question indeed and my answer to this is simple.

Read, Read and then Read some more.

The more knowledge you consume, the better you will be able to identify and link trends across industries.

But reading doesn't mean you need to pick a newspaper or start reading random articles over the internet.

Your reading and research needs to be structured.

This is where technology comes in to help and make our lives easier.

Today, algorithms run our world and decide what data you consume.

Be it Instagram posts, TikTok reels or YouTube videos.

So learn to trick these algorithms and use them to your advantage.

It's the weekend!

Grab a cup of coffee, in this thread I will explain

1. What are Valuation Ratios?
2. What ratio should be used when?
3. Why one standard ratio like a PE doesn't work all the time?

Lets dive right in.

Valuation Ratios are a subset of ratios within the broader family of Ratio Analysis.

It is in this segment of Ratio Analysis, that you will find ratios like Price to Earnings, Price to Book, Price to Cash Flow, Price to Sales and many more.

Together these ratios help an investor understand if a company is valued cheap or expensive.

A novice investor tends to use Price to Earnings (PE) for everything - yet it is only one of the many ratios that should be used to judge the current valuation of a company.

#JUBLINGREA

Jubilant Ingrevia has broken Channel and RSI support for the first time since listing

In the absence of any immediate short term triggers, a sideways to down move is more likely than further upmoves.

FAQ's

Q. Am I selling?
A. No, I do not sell long term stocks

Q. Am I buying?
A. No, I am not

Q. When will I buy?
A. I don't know

Q. What is my Stop Loss?
A. I don't have any

Q. What is my Avg price?
A. Less than 350

Q. How to handle volatility?
A. I live for it

10 books that taught me more about life + death than I learned in 6 years of medical school:

#1: Dear Life by @doctor_oxford:

#2: The diving bell and the butterfly by Jean-Dominique Bauby:

#3: This is going to hurt by @amateuradam:

@amateuradam #4: When breath becomes air by Paul Kalanithi:

Top 20 Most Powerful Lessons from the book: "Tools of Titans"

By Tim Ferriss (@tferriss)

📘Book Summary

1. "Fear is fake."

F - False
E - Expectations
A - Appearing
R - Real

You have nothing to fear but fear itself.

2. "Tell the truth."

Every time you lie a new reality spawns that you have to keep track of.

Save yourself time, energy and pain by just being honest in the first place.

It'll be worth it, trust me.

3. "Be yourself unapologetically."

We don't need another Elon Musk, LeBron James or Joe Rogan, we need YOU to reach your own unique potential.

Everyone has a gift to give to the world.

Don't forget to unwrap your gift.

4. "You do not need to be qualified."

There are countless people who don't have a degree and are making loads of money.

Many Harvard graduates have been fired by college dropouts.

1/31
My takeaways from the best seller
#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)
#BookRecommendations
#booklovers

2/31
CHAPTER 1

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.

3/31

However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.

4/31
CHAPTER 2

#LUCK & #RISK both play a role for EVERY outcome along with individual effort. At times making a greater impact than the consequential actions taken .
This we ought to remember when judging others' financial success.

Not ALL SUCCESS is due to hard work.

5/31
Likewise, NOT ALL POVERTY is due to laziness.

To learn from successful people, we must focus on BROAD PATTERNS & not on specific individuals ( for we often tend to just study extreme cases at both ends of the spectrum. )

It's never AS GOOD or AS BAD as it seems !!

8 Practical Idea🔧 from "The All-or-Nothing Marriage" /Part 1
⚡️Psychology Book Review

1⃣ The attitudes of men and women have significantly changed when it comes to marriage.

⭕️for modern women, it’s paramount that relationships not hinder personal freedom and growth.

⭕️As for the modern man, we can also see signs of how there is less willingness to compromise in a marriage.

2⃣ Marriage and personal fulfillment aren’t mutually exclusive, but commitment may involve some self-delusion.

⭕️marriage and personal fulfillment can, and do, coexist.

⭕️Since a marriage is a partnership, it contains a built-in support system, where each person can encourage and help the other in their own quest for self-growth and fulfillment.

1/28

The Courage To Be Disliked is an extremely logic oriented look at happiness and life.

Snippets of it may sound patronising at times but it leaves you with more questions than answers - It forces you to think!🙂

Some takeaways via a 🧵..

#BookTwitter
#BookRecommendation

2/28
The world in itself is simple. Life in itself is simple.

It is WE who make it complicated.

How ?
By Comparison.

We all live in a subjective world that we OURSELVES have given meaning to from OUR perspective.

So how can then they be the same for all ? 🙂

3/28
Ever observed how the world seems beautiful at times , sometimes mean & selfish , at times helpful ?

So does the world actually keep changing or does our subjective world change due to the change in our projections ? 🤔

Something worth reflecting upon !
👇

4/28

Not everyone who has faced trauma / calamity as a child grows up to become a bad person.

We determine our own lives as per the meaning we give those past experiences.

WE decide HOW we live - In constant conflict or at peace.

How have you decided to live your life? 🤔

5/28
What differentiates us humans from machines is primarily the fact that we possess Emotions.

Each emotion is merely a tool .
It can be used effectively or in a detrimental way.

But then again , what is effective and what is detrimental is all subjective ,ain't it ? 🙂