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10 Powerful Lessons of the book “The Art of Thinking Clearly”

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 1. Never underestimate the hard work and lower probability of success, just because we are shown more successful people than many more actual failures.
It does not mean, in any way, that you should not dream big. It just says that dont get overawed by the number of success stories you read and assume that success would be easy. No one prints the failure stories.
2. Confirmation bias is the mother of all misconceptions.

It is a tendency to interpret new information so that it becomes compatible with our existing theories.
Warren Buffet has seen people losing money with this because they ignore facts which contradict the theory in the mind of the investor.

Dis-confirming evidence must be seeked out to beat this theory.
3. If you ever find yourself in a tight unanimous group, you must speak your mind, even if your team does not like it, and even if it means risking expulsion from the warm nest.
And if you lead a group, appoint someone as devil's advocate.

He or she will not be the most popular member of the team, but definitely the most important.
4. Induction

Send an email to 10,000 people with stock market prediction by dividing them into 2 groups - telling reverse prediction to each group. Prediction for one of the groups will come true.
Send a new prediction to the 5,000 whom you predicted correctly earlier - again after dividing them into 2 groups...carry on like this, and the last 100 would consider you as a genius. People get inducted into a decision based on history without thinking logically.
5. Loss Aversion

The fear of losing something motivates people more than the prospect of gaining something of equal value.
6. Compounding

When it comes to compounding, dont trust your intuition - you have no idea how powerful it is.
7. It is not what you say, but how you say, that's important.

99% Fat Free product seems more healthy than a product with 1% Fat.
8. If you are not a part of the solution, you are definitely a part of the problem.

There is no 3rd category of passive onlookers.
9. Follow your passion even if you have to do away with part of your income for that
10. Whenever you are dealing with averages, be careful of the distribution behind it.

A Bill Gates monthly income in a group of 50 ordinary citizens can give an extremely misleading average.
Thanks for reading. If you find this thread valuable follow me ( @ajdduggan ) for more content like this.

And retweet the first tweet to share with others:

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15 Powerful Quotes From Plato

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1. “Be kind, for everyone you meet is fighting a harder battle.”

- Plato

2. "Never discourage anyone who continually makes progress, no matter how slow."

- Plato

3. “The price good men pay for indifference to public affairs is to be ruled by evil men.”

- Plato

4. "Love is a serious mental disease."

- Plato
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15 Powerful Philosophy Quotes From "Epictetus"

| Thread


1. “Any person capable of angering you becomes your master."

- Epictetus

2. “Circumstances don't make the man, they only reveal him to himself."

- Epictetus

3. “Don't just say that you have read books. Show that through them you have learned to think better."

- Epictetus

4. “There is only one way to happiness and that is to cease worrying about things which are beyond the power of our will."

- Epictetus
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15 of the most powerful and timeless insights from @Naval Ravikant

Naval risked his reputation and fortune to bring life lessons to us all. And he's impacted the life of millions around the world.

Enjoy this thread 🙏

| Thread 🧵


1. “I, and I alone, am responsible for everything I think and feel."

@naval

2. “Pain is a fact.

Suffering is a choice."

@naval

3. “No one can compete with you on being you.

Most of life is a search for who and what needs you the most."

@naval

4. “The more seriously you take yourself, the unhappier you’re going to be."

@naval
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Andrew Duggan
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15 Life Changing Insights from Swami Vivekananda

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1. We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.

- Swami Vivekananda

2. Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea.

Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone.

This is the way to success.

- Swami Vivekananda

3. You have to grow from the inside out. None can teach you, none can make you spiritual. There is no other teacher but your own soul.

- Swami Vivekananda

4. You cannot believe in God until you believe in yourself.

- Swami Vivekananda
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15 Deep Philosophy Quotes From “Soren Kierkegaard"

| Thread 🧵


1. "The function of prayer is not to influence God, but rather to change the nature of the one who prays."

- Soren Kierkegaard

2. "There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true."

- Soren Kierkegaard

3. "People settle for a level of despair they can tolerate and call it happiness."

- Soren Kierkegaard

4. "Life can only be understood backwards; but it must be lived forwards."

- Soren Kierkegaard
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But I've learned 10x more by reading books.

10 business books that will change your life:

Getting to Yes by Roger Fisher

Lessons:
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• The best negotiation tactic is to first offer the other side something they want.


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The Almanack of Naval Ravikant by Eric Jorgenson

Lessons:
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Atomic Habits by James Clear

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

#BookTwitter
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🔸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.

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🔸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.
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8 Insightful Lessons From the Book "10% Happier"

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1. "When you have one foot in the future and the other in the past, you piss on the present."

2. "There’s no point in being unhappy about things you can’t change, and no point being unhappy about things you can."

3. "There’s no point in being unhappy about things you can’t change, and no point being unhappy about things you can."

4. "Pursuit of happiness becomes the source of our unhappiness."
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Bahcesehir Uni, BAU has an official website https://t.co/ztzX6uj34V which links to their social media, leading to their Twitter account @Bahcesehir

BAU’s official Twitter account


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@BAUOrganization @ApplyBAU @adayBAU @BAUAlumniCenter @bahcesehirfbe @baufens @CyprusBau @bauiisbf @bauglobal @bahcesehirebe @BAUintBatumi @BAUiletisim @BAUSaglik @bauebf @TIPBAU

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