BC BOOKS
Saved by @tradrdoc

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

| Thread 🧵

 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:

https://t.co/QYlZjIAGMD

More from Andrew Duggan

Andrew Duggan
Andrew Duggan
@ajdduggan
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
PRINCIPLES
Andrew Duggan
Andrew Duggan
@ajdduggan
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
PRINCIPLES
Advertisement
Andrew Duggan
Andrew Duggan
@ajdduggan
15 Philosophy Quotes From "Cicero"

| Thread


1. “A room without books is like a body without a soul.”

- Marcus Tullius Cicero

2. "Never was a government that was not composed of liars, malefactors, and thieves."

- Marcus Tullius Cicero

3. "More is lost by indecision than wrong decision.

Indecision is the thief of opportunity.

It will steal you blind."

- Marcus Tullius Cicero

4. "The wise are instructed by reason,
average minds by experience,
the stupid by necessity and the brute by instinct."

- Marcus Tullius Cicero
PRINCIPLES
Andrew Duggan
Andrew Duggan
@ajdduggan
15 Powerful Lessons from the book "Antifragile"

by Nassim Nicholas Taleb

| Thread


1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility

- The FRAGILE is harmed (think a glass)

- The ROBUST is unchanged (think The Phoenix)

- The ANTIFRAGILE gets better (think The Hydra)

2.

- There is no way to accurately predict WHICH events will occur

- We CAN measure how fragile we are to events

- We CAN take steps to robustify ourselves

- When shit hits the fan, the fragile breaks

- This applies to the economy, politics, health, etc

3. Naive Interventionism

- Systems are COMPLEX

- Most are beyond our understanding

- When we intervene, we introduce potential harm

- These 2nd and 3rd order effects introduce MORE volatility into the system

- This makes systems even less predictable

- STAY in YOUR lane

4. Via Negativa: Removing is superior to Adding

- Less can be More

- Don't add, subtract

- Eliminate the Artificial

- Eliminate the Unnatural

- Eliminate the Unnecessary

Apply these in all areas of your life. When in doubt, SUBTRACT
BOOKS
Andrew Duggan
Andrew Duggan
@ajdduggan
15 Powerful Quotes From Plato

| 🧵Thread


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
PRINCIPLES

More from Books

Vidya
Vidya
@VidyaG88
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 +
BOOKS
Taylor Nieman
Taylor Nieman
@Taylor_Nieman
Books that I've finished recently:

📘 Smarter Faster Better
📗 Extreme Ownership
📙 Atomic Habits
📕 Deep Work
BOOKS
Advertisement
Zain Kahn
Zain Kahn
@heykahn
I have a $100,000 business degree.

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

10 business books that will change your life:

Getting to Yes by Roger Fisher

Lessons:
• You can negotiate anything you want.
• The best negotiation tactic is to first offer the other side something they want.


Drive by Daniel Pink

Lessons:
• Money alone isn't enough to motivate us.
• We are most motivated when we can also achieve control and freedom.


The Almanack of Naval Ravikant by Eric Jorgenson

Lessons:
• The most effective way to get rich is to learn how to build and sell a product.
• The only real test of intelligence is if you get what you want out of life.


Atomic Habits by James Clear

Lessons:
• Habits compound to produce huge results.
• The best way to build habits is to make them easy, attractive and rewarding.
ALL , BOOKSTOREAD , BOOKS
Tessa Davis
Tessa Davis
@TessaRDavis
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:
BOOKS
Deep Develop \U0001f9ec
Deep Develop 🧬...
@deep_develop
10 Top Lessons From "The Dip"
✍️A book by @ThisIsSethsBlog

📚Book Summary (THREAD)


1. Be the Best

🥇Anyone who is going to hire you, buy from you, or do what you want them to do is going to wonder if you’re the BEST choice.

BEST: Best for them, right now, based on what they believe and what they know

THE WORLD: Their world, the world they have access to

2 . Quitting Is Not Failure

If you are not going to be the best, then you should just QUIT.

Quitting, in some scenarios, is actually essential for freeing up resources to get through the dips that matter.

This means you only have two options in life:
Quit or be Exceptional.

To become the best, you must understand these three curves:

3. The Cul De Sac:

1️⃣This first curve is where you work and work and work… but nothing changes. It doesn’t get a lot better; it doesn’t get a lot worse… it just is what it is.

Whenever you find one of these...

...you need to get off it fast.

The opportunity cost of investing your life in something that’s not going to get better is just too high.
BOOKS

You May Also Like

Aron Hyman
Aron Hyman
@aron_hyman
THREAD: The following tweets are for the purposes of stories that will appear in Sunday Times Daily. The videos and images depicted may be upsetting but are deemed to be in the public interest. This is the story of the Ayanda "Borhey" Mtila as far as we were able to verify it.


On 13 October Mtila as defacto overlord of the Boko Harram gang, allegedly carried out his penultimate cash-in-transit robbery. Sources say he sustained a head wound in a shootout with security guards. Some friends believe he was killed by a fellow

He died two days later, on 15 October, after allegedly being in a coma for more than a day. His funeral was a spectacle, held on Nyanga Sports fields on 24 October and attended by hundreds of people. Sources say it was made possible by Paarl businessman Lukhanyo "Spur" Mangena.
CRIME
Sahil
Sahil
@sahilypatel
A list of cool websites you might now know about

A thread 🧵

1) Learn Anything - Search tools for knowledge discovery that helps you understand any topic through the most efficient

2) Grad Speeches - Discover the best commencement speeches.

This website is made by me

3) What does the Internet Think - Find out what the internet thinks about anything

4) https://t.co/vuhT6jVItx - Send notes that will self-destruct after being read.
ALL , LINKS , EDUCATION
Advertisement
\uc2e0\ub150\uc758\uc0ac\ub098\uc774
신념의사나이...
@Belposto_korea
The RV and the Redemption Funds.

ALL Exchanged Currencies as well as all Zim Redemption funds will be placed in the accounts they set up in the Quantum Financial System./1

Absolutely none of these funds will be placed in a Bank at the redemption appointment. Bank computers cannot be programmed to transfer Digital Gold Certificates./2

The QFS can and will transplant funds into a bank account as has been explained earlier,/3

so a person can transfer funds to their own bank account but the desirability will become less and less as the banks go into receivership and their customer’s deposits are confiscated to avoid the Bank’s demise./4

Which bank can compete with the QFS when the QFS is free, secure, private, and stable? One of the major problems in the transition will be the use of Debit Cards for merchant purchases. Will VISA or Mastercard be available?/5
FINANCE
Damodar Hegde
Damodar Hegde
@DamodarHegde4
MUST READ TILL END:
FB POST BY MR PRABEER BASU,
IAS-1976(BIHAR)
" Received a hurtful post from an old friend and colleague. He was on my daily Broadcast list of WhatsApp. He requested that I do not send him any of my posts on 'political' issues. I gave him a long explaination
>2

2/29
on why I write and what I write. But he was not convinced.

Being alerted by him thus, I felt I should clarify to all who read my posts on what exactly I think and do.

The charge against me is that I wrongly support our current Prime Minister, Shri Narendra Modi..
>3

3/29
and that it establishes I am not rational and impartial anymore.
Let me try and explain.First and foremost,I do not write on 'political' issues. I write on 'national' issues. For example, I have no opinion on whether Rahul Gandhi should be President of his party or not.
>4

4/29

Similarly, I have no views whether BJP is a better party than Congress or vice versa.
Even after 36 years in the IAS I have no MLA, MP or anyone involved in politics whom I can classify as my friend or even acquaintance.
>5

5/29
So, naturally I don't care which party wins or loses as long as the winning party runs an honest government doing good to my nation.
Now, why I speak in favour of Shri Modi:

1. Ever since the beginning of my service I realised that Planning Commission was not serving..

>6
INDIA
Nikita Poojary
Nikita Poojary
@niki_poojary
One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
SCREENERS , A SCREENER