1/12
A quickfire thread based on a book I read recently titled " 80/20 YOUR LIFE " .

Disclaimer : This is MY interpretation & the ratio (80/20) is variable..
The essence here is to identify what matters & weed out the inconsequential & thereby manage time accordingly.

1/6
* #Gratitude*
I keep a "memory jar" for each year wherein I write in brief the best moments of my life & lessons learnt. Even a small event which taught me something goes in it .
I strongly believe in " No regrets, only lessons learnt ".
( That's handpainted by me! :) )
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2/6
Occasionally when I have a rough day or when I am elated , I go through the chits one by one savouring the lessons learnt . It keeps me grounded. Makes me realise I am blessed to have had so many #memories & grown as a person and that life is beautiful !! 😇
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3/6
Things that happen to us, just happen. It is we who perceive it to be good or bad as per our emotions at play. It is then that practising gratitude becomes of utmost importance for we need to realign our thoughts towards #positivity& #contentment & steer away from negativity.

4/6
Life can be cruel but it is also beautiful if we learn to be thankful.
Are we thankful for the hot food on our plate ? Did we realise we can see the beauty of nature only due to the gift of vision bestowed upon us? Are we thankful each day for having a sound mind?

5/6
Let's stop complaining about all that we don't have and instead focus on all that we are fortunate to have !! For no matter how difficult our life seems for us , let's remember there will ALWAYS be someone who would gladly switch places with us and live our life happily!

1/20
MY TAKEAWAYS FROM ATOMIC HABITS by @JamesClear

A spectacular book that focuses on building HABITS following SYSTEMS to achieve RESULTS - Instead of the traditional GOAL BASED approach.

It's a highly engaging read with plenty of practical examples .

#BookRecommendation

2/20
Your OUTCOMES are a lagging measure of your HABITS . Although difficult to appreciate on a daily basis , they MATTER IMMENSELY.
Change your habit ,to change the outcome.

It doesn't matter WHERE you are currently,
CHANGE YOUR HABIT TO CHANGE THE TRAJECTORY OF YOUR LIFE!👇

3/20
You do not RISE to the level of your GOALS .You FALL to the level of your SYSTEMS .

Why so ?

Both WINNERS & LOSERS have a Goal . What then sets them apart ?

It's having a SYSTEM in place.
Systems are forever & they result in continuous SELF IMPROVEMENT .

4/20
Reaching a goal may give rise to emptiness or targetting another goal.
But that isn't the case for systems.

Hence GOALS - OVER RATED SYSTEMS - UNDER RATED

2 small examples on my system based approach for self improvement.

#booklovers

👇

5/20
Your identity emerges out of your habits. Every action is a vote for the type of person you wish to become.

Despite knowing better we find that
changing our habits is challenging because :
1) We try to change the wrong thing
2) We try to change our habits in the wrong way.

1/16

What would YOU do if you KNOW your time on earth is limited ?

Would you
Wallow in Self Pity & Wither away ?
OR
Decide to make the Best Use of whatever time is left ?

Would you walk THAT final bridge between LIFE & DEATH whilst narrating your trip ?

#BookReview

2/16

Affinity to some books tend to grow over time . The more we read them , the more they force us to pause, reflect & introspect .

Tuesdays with Morrie by @MitchAlbom does that !

It is Raw , yet Real.
Simple , but Complex.
Dark , but Humourous.
Obvious , yet Profound.

3/
Morrie the Professor on his deathbed ( due to ALS) & Mitch , his super successful student meet after a gap of 16 long years for ONE LAST CLASS every Tuesday .

The subject being " The Meaning of Life " , taught purely from experience with a funeral in lieu of graduation .

4/
Sharing a Few out of the Many Lessons

* DYING is sad .LIVING UNHAPPILY even more so *

We are busy doing things we THINK are important , mostly because we are chasing the wrong things.

We have forgotten what truly matters - Be it People or Things & hence are often unhappy.

5/
* Life is a SERIES OF PULLS - Back and Forth. Akin to a Wrestling match*

We wish to do one thing ,but are bound to do something else.

We take certain people for granted , despite knowing better .

But ultimately , ONLY LOVE WINS. For there is no life without love.

1/19

One of the first books I read on investing in 2009 was this 💎of a book on Warren Buffett called

HOW BUFFETT DOES IT - 24 SIMPLE INVESTING STRATEGIES.

A great read for investors, given current stock market conditions.

A 🧵

#Investing
#BookSummary
#BookRecommendations

2/19
SIMPLICITY OVER COMPLEXITY

Buy an easy to understand business run by honest & capable management with MINIMAL VARIABLE PARAMETERS( Avoid Complex Bus.)

Pay less for your share than what it is actually worth in terms of future earning potential.
Hold onto it patiently !
👇

3/19
INVESTING IS A ONE MAN JOURNEY

🔸Gain basic knowledge of accounting & financial markets.
🔸Read business Magazines , Periodicals, Annual Reports & Concalls
🔸Get going !

A basic checklist that shall help you figure if you are actually a Long Term Investor or not.
👇

4/19
TEMPERAMENT MATTERS
Your reaction to Greed & Panic shall determine your investing success.

Are you fixated on the LT business fundamentals or on the weekly stock prices ?

You need to have the SKILL to invest correctly & then the CONFIDENCE to hold them through drawdowns.

5/19
PATIENCE IS A CRITICAL COMPONENT

Don't get swept up in others' irrational exuberance.
LEARN TO SEE THROUGH FADS.🧐

A volatile price DOESN'T IMPLY a volatile business!
Focus on the underlying business & it's earning capacity always.

In investing, Inactivity is rewarding.

20 Timeless Financial Lessons from the book:

"THE PSYCHOLOGY OF MONEY"

– Thread –

1. Our current relationships with money are based on our past experiences & We should avoid living in that illusion.

2. One can be wealthy without superior intelligence of financial education. You just need right behavioral skills.

3. Both luck & risk are an integral part of finance.

You can make good decisions that lead to poor financial outcomes vice-versa.

4. Saying “enough” is realizing that an appetite for more will push you to the point of regret.

5. Financial success is less of a science & more of a soft skill.

6. Buying impressive items to gain admiration & respect from others is a fool’s pursuit~ These things can not be bought.

7. Don’t move your goalpost to suit your current needs.

Once you have more money & power. It's easy to get lost in ambition so stick to your goal.

8. There are certain things which are never worth taking a risk like Character, Family, Friends & Freedom, Happiness.

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.

10 Powerful Lessons From the Book “The Art of the Good Life”

| Book Review Thread

1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.

Top 10 Psychology Books That Everyone Must Read :

1. The Power Of Habit

2. Thinking, Fast and Slow

3. 12 Rules for Life

4. Influence

5. Atomic Habits

An entrepreneur who changed my life:

Naval Ravikant

He’s one of the deepest thinkers alive and attributes all of his success to reading.

Here are 10 books Naval recommends to make you healthy, wealthy and wise in 2023:

1. Poor Charlie's Almanac

Charlie Munger — Investor

Warren Buffett calls him the smartest man he knows.

The Almanac is a collection of Munger's thoughts, speeches and writings.

Impactful quote:

2. Man’s Search for Meaning

Viktor Frankl — Psychiatrist and Holocaust Survivor

A reflection from Frankl’s time as an Auschwitz inmate.

Impactful quote:

3. Surely You're Joking, Mr. Feynman!

Richard Feynman — Physicist

The hilarious autobiography of one of the 20th century's most intelligent and interesting men.

Impactful quote:

4. Influence

Robert Cialdini — Psychology Professor

The Bible of persuasion.

Impactful quote: