this book but a older edition

@lalitinvestor Reason for this is lack of #Financial Literacy.

Hence we tell all retail investors, especially new ones to read some of these books and learn basics before investing or trading in #Stocks.

📚 available on https://t.co/zskR7qBBX5

1/ There are a ton of books about Financial & Fundamental Analysis, Scuttlebutt and Technical Analysis. But there aren't many books 'taking risk'.

Among the few that exist, 'Zurich Axioms', written in 1985, is the best. Here are my key takeaways from the book.

2/ A bit about Max Gunther's (The Author) background. He was an Anglo-American journalist and writer, who wrote 26 Books.

His father, Franz Heinrich, was the New York Head of Schweizerischer Bankverein, which later merged into the famous Union Bank of Switzerland (UBS).

3/ The 'Zurich Axioms' were a set of unwritten rules followed by a informal group of Swiss Bankers and Traders who used to socialize around Wall Street after World War II. Mr. Heinrich was one of the founding members.

Max Gunter formalied these 'Axioms' by writing about them.

4/ There are 12 'Major Axioms' and 16 'Minor Axioms' (Corollary to the Major Axioms) in the book.

But remember, this is MY key takeaways from the book and not an exact summary. So you might find quotes, phrases and links inserted here and there by me (Not from the Author).

5/ Axiom #1: In order to earn returns, you must take risk. Risk will make you worry.

Risk-taking and worrying go hand-in-hand. If you're not worried about an investment, you're not taking risk.

Spend half your energy towards earning an income and the rest towards speculation.

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 ! 🙂
👇

2️⃣0️⃣ - Self development audiobooks to take back control of your life:

1. The secret.

2. Think and grow rich.

3. The magic of thinking big.

4. The four agreements.

5. You are a badass.

37 Highlights From the Book
"Tools of Titans"

📚#DDBook Thread 🧵

1. The human body is capable of pretty much anything given the right motivation and a consistent commitment to practice.

2. When creating a masterpiece, the first step is always to create something that actually sucks.

3. If more information was the answer we would all be billionaires with perfect abs.

4. Ketogenic diets can have a demonstrable and immediate positive impact on your health, wellbeing and weight.

5. The quality of your questions determines the quality of your life.

6. Psychedelic drugs should only ever be used with caution and appropriate respect for set, setting, sitters and motivation to learn.

7. Playing Tetris can help you go to sleep by providing visual stimuli.

8. Morning rituals such as exercise, meditation and making the bed can create positive momentum for the rest of the day.