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.

1/25

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 ! 🙂
👇

1/21
#BookRecommendation
" Zen and the Art of Happiness "

It's a simple book but it makes you think .

Few of my takeaways ( with random 2 min doodles).
👇
Firstly,
What is Zen ?

#Zen is a Japanese word that is derived from the Sanskrit word Dhyana meaning "Meditation" .

2/21
Zen is a journey of exploration & a way of living that , in and of itself doesn't belong to any one religion or tradition as such.

Zen doesn't teach. It merely
points, enabling us to wake up & become aware.

Ever noticed how zen stories rarely have predefined morals? 🤓

3/21

The zen of doing anything is doing it with a concentration of mind , a calmness & simplicity of mind, that brings the experience of enlightenment and, through that experience , happiness.

It could be something as mundane as sweeping or peeling potatoes !

#mindfulness

4/21

We are the authors of every NEXT moment.

Therefore the best way for us to get that new experience is to CHANGE our response to what happens.

By natural cause & effect , that NEW RESPONSE will create NEW RESULTS , thereby a NEW REALITY.

Try it to believe it !
#Wisdom

5/21

Unknown to most of us , we all have a life philosophy . A perspective of looking at things , at events & circumstances that befall us.

Our personal #Philosophy determines how we respond to events that occur in our life .
This ultimately is responsible for our happiness.

1/22
I first read this book in 2009 after losing 80% of my monies on Penny stocks as a student when the 2008 drawdown happened.

Thought it was too simple !

Now in 2021, I think this is one of the best books to absorb & implement.

A 🧵

#BookTwitter
#BookRecommendations

2/22
Investing means different things to different people - Be it health/ career/external assets with an intent to reap benefits in future.

So then is everyone an Investor ?
No.
When people do different things with even same investment products we give it a different name.
👇

3/22
Investing is a PERSONAL Plan .
It's NOT a product . NOT a procedure.

One needs to have a clear picture of one's financials BEFORE making an investment plan.

Investment products comprise of items with distinct characteristics DESIGNED to satisfy a particular need.
👇

4/22
Nothing is permanent except CHANGE.
Same applies for market cycles.
Different Asset Classes help us in that.

By smart movement one can increase the velocity of one's money.

It is NOT about timing the markets.
It's ABOUT the trends in an asset class.

Few pointers
👇

5/22
Many folks acquire Speculative habits mistakenly thinking they are Investing. ☠️

L.T Investing is central for optimum returns.
Markets will be volatile.
But in long run shall only go ⬆️

Some notes on Cash Flow & Capital Gains Model , Speculation & Law of The Farm
👇

1/6
Good morning everyone!! 🌞
Here is a small thread on a beautiful #allegory based upon the Chinese Bamboo .

An allegory that teaches us #patience,#persistence,#hope,#habits, #Growth & Life in general.

2/6
#TheChineseBamboo
The seeds require to be nurtured with love and care for no less than 5 years without showing any results. The first 4 years solely consist of nurturing & tending with NO SIGNS OF GROWTH. But the farmer goes about his job out of habit .+

3/6
In the 5 th yr all of a sudden it begins its exponential growth & shoots to over 90ft in just 6 weeks.
Miraculous , ain't it? 🙂
The farmer tends without knowing the outcome every single day with the same amount of love & concern .He never gives up. He keeps his habit.
+

4/6
Lessons learnt
1) Fundamentals matter. Our survival & success depend on the depth of our roots .
2) One must persevere no matter what. Persistence pays off.
3)Habit or Hope?
I would say both .We need to have faith in ourselves & keep putting in our reps. #Iterations matter +

5/6
Let us plant our #dream & do all that is required for it to become a reality whilst we hope and hone our habits.
"YOU LEARN SOMETHING VALUABLE FROM ALL THE SIGNIFICANT EVENTS & PEOPLE ,BUT YOU NEVER TOUCH YOUR TRUE POTENTIAL UNTIL YOU CHALLENGE YOURSELF " - Roy T Bennett +

9 Best Lessons From "48 Laws of Power" by Robert Green

- 𝙏𝙝𝙧𝙚𝙖𝙙-

1. Always Say Less Than Necessary

The more you talk the more likely you will say something foolish.

- Ask questions and listen more
- Control what you reveal about yourself
- Avoid revealing your weaknesses to others

2. So Much Depends on Reputation – Guard It With Your Life

You can use it to intimidate and win.

But it can also kill you and the opportunities that present themselves to you.

Being unpopular and going against what's popular might seem cool, but it can harm you too.

3. Win Through Your Actions, Never Through Argument

Any triumph you gain through argument doesn't have much value, won't last long and is a waste of time.

The more you think about this, you realize how true it is.

Focuso on your actions.

4. Avoid the Unhappy and the Unlucky

Emotions can be as infectious as a pandemic.

Avoid people who portray themselves as victims. You won't be able to cure them, so don't sink trying to save them.

Surround yourself with happy and ambitious people.

@PrashPeru88 this book but a older edition

12 Lessons from 'Never Split the Difference' every negotiator must learn

A THREAD:

Create Warmth by Using First Names

Your name is possibly the only thing that's yours but is used more by others.

We all love to hear our names, to be acknowledged, to be recognized, to feel at home,

And using first names while conversing is a great way to develop rapport.

Be a Mirror

The person first ought to trust you in order for him to believe you.

And one of the quickest and surest ways of developing trust,

Is mirroring the person's body language and words.

He'd subconsciously lower his guard and feel at ease.

Listen deeply to understand them

Everyone wants to feel understood.
There is no hack for this.

You genuinely have to be interested to understand what the other person's views are.

And for that to happen,

Your mind should be quiet and present at the moment.

Summarize their position back to them

Once you listen to them deeply,

Summarise what they just told you back to them.

It'd demonstrate empathy and the person would know that you actually paid attention.

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:

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