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.

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

Sharing some takeaways from the book : India's Money Monarchs* , ONLY of the conversation with Sanjoy Bhattacharya.

* Available on Kindle Unlimited now.

@Vivek_Investor and @dmuthuk
I think you & your followers might like this . 🙂

#BookTwitter
#BookRecommendations

2/20
🔸On How to Minimise Risk ?

* Look at long term volatility of Cash Flows ( assuming Financial Statements paint a fair picture )

* Check if business generates Free Cash Flow ( FCF). This ensures company is unlikely to be wiped out at the bottom of the cycle.

3/20
🔸Management Integrity matters.

You notice good governance only when it is gone !
Hence unless one has demonstrable proof on a long term basis that people are honest , consider them to be crooks .
Cynical approach but helps save us from losses !

4/20
🔸 Level of competitive intensity in the business matters. Risk is lower when there are fewer players.

More cut throat the industry , more finesse shall be required and growth shall depend on the ability to adapt and successfully execute.

5/20
🔸Try to anticipate what can change in a business .

Scanning the historical precedent or envisaging the future helps .

Inherent risks of business matter !

Sometimes these are completely overlooked & can prove to be extremely expensive.

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.

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.

2/12
The #Pareto principle - 80/20 Rule is pretty well known & discussed in context of work & business productivity.
But it can also be applied practically in our day to day life in all possible aspects to ensure smooth sailing.
How do we do that? 🤔

3/12
Pretty simple actually !
Our Top priority goal must be a S.M.A.R.T goal aka :

Specific
Measurable
Attainable
Relevant
Time based goal .

Everything is #time based as time saved can be used constructively for other purposes or even wasted happily ! :))

4/12

A large proportion of our output results from a small proportion of inputs . LEVERAGE SMARTLY !
*Cultivate a forward looking #mindset.
* Learn to #skim and #scan.
* Dedicate #focus & #energy to tasks that produce the greatest impact WRT our goals.
* #Unlearn often

5/12
*#TimeManagement*

Maintain a quality to-do list & a daily to-do list .Ensure high value tasks are mentioned first. Stick to it !
*Be realistic .
*Don't bite off more than you can chew.
*Under promise & over deliver at work to gain attention intially ( NOT VICE VERSA!)

1/15
#LetsTalkMoney by @monikahalan is all about US understanding OUR Needs & Wants, & constructing OUR Money Box.

It helps BUILD a system in place , rather than focusing on a (non existent ) single shot solution.

MUST READ FOR ALL !

#BookRecommendation

A 🧵 on it .
👇

2/15
Firstly, build your own system to manage Cash Inflows & Outflows .
Find a way that's least troublesome but automatically separates the 2.

#Budgeting & #Allocation must not be a cumbersome task !

Easy bifurcation helps in Better mapping.

A bird's eye view on the same 👇

3/15
Moving onto Emergencies . This pandemic has made so many of us realise the importance of it .

Another interesting facet :
Unwillingness to take risks comes from the FEAR of not having money when needed - typically why Bank F.Ds are preferred.

Hence the EMERGENCY fund.

4/15
*It shall DIFFER from person to person.
*Understand HOW to go about it & BUILD up your fund.
*It takes 2-3 months time to figure out our expenses & 6 months - 1year atleast to build up this fund.
*So be patient ! 🤷
Don't jump the gun .

#EmergencyFund pointers:

5/15
Moving onto #HealthInsurance .

It takes just one Hospital visit to realise the importance of a comprehensive Health cover . 🙄🤷

Sharing a few points that must not be missed prior to taking a policy .

The book explains EVERY POINT in DETAIL along with examples.

17 Lessons From the Book
"Super Coach"

📚#DDBook Thread🧵

1. We think we are experiencing reality but what we are really experiencing is our thinking.

2. The most important choice you make is what you choose to make important.

3. If we really want something, there is always a way.

4. What we decide is less important then how we respond to life.

5. Our intuition already knows what we want to do but we create reasons to keep us locked out.

6. Every emotion we feel is a response to a thought, not an event.

7. Your day doesn’t create your mood, your mood creates your day.

8. When you feel a sense of urgency, it’s usually a better idea to slow down.

9. No Matter what seems to be going on, you don’t have to do anything. Being overwhelmed is just a thought.

10. Everything we do or don’t do is simply a choice. To do more, use a system of clarity, structure and boldness of action.

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:

10 Powerful Lessons From The Book "101 Essays that will Change the way You Think"

//Thread//

1. More Is Not Better✅

Happiness is not about experiencing more of something.

It's about experiencing what you love in new and interesting ways.

2. Embrace Fear✅

You assume happiness is good, and fear is bad.

Fear is an indicator that you're doing something worthwhile.

Change your story around fear. Bad feelings are not always bad.

3. Seek New Experiences✅

It's difficult to change your beliefs through thought alone.

Seek new and novel experiences that make new beliefs real to you.

4. Problems Are Pathways✅

You view problems as roadblocks to your success. Truth is, they're pathways.

"What stands in the way becomes the way."
- Marcus Aurelius

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.

12 Best Quotes from the Book “The Obstacle Is the Way”

⚡️Book Review⚡️

1. “Whatever we face, we have a choice: Will we be blocked by obstacles, or will we advance through and over them?”

2. “There is no good or bad without us, there is only perception. There is the event itself and the story we tell ourselves about what it means.”

3. “Focusing exclusively on what is in our power magnifies and enhances our power.”

4. “Our perceptions determine, to an incredibly large degree, what we are and are not capable of. In many ways, they determine reality itself.

👉When we believe in the obstacle more than in the goal, which will inevitably triumph?”