10 Lessons from What It Takes To Be Free

(thread)

7 Quotes from 7 Habits of Highly Effective People

(thread)

1)The significant problems we face cannot be solved at the same level of thinking we were at when we created them.

2)Things which matters most must never be at the mercy of the things which matter least.

3)What lies behind us and what lies before us are tiny matters compared to what lies within us.

4)HABITS

If you want to change your life, read these 48 books

1)

13)Defining Decade
14)Power of Now
15)How Will You Measure Your Life
16)Joys of Compounding
17)13 Things Mentally Strong People Don’t Do
18)Things No One Else Can Teach Us
19)I Will Teach You To Be Rich
20)Compound Effect
21)Can’t Hurt Me
22)Discipline Is The Destiny
23)…
24)…

25)The Almanack of Naval Ravikant
26)Psychology of Money
27)The Practising Mind
28)What I Wish I Knew When I Was 29)Finish What You Start
30)Eat That Frog
31)Atomic Habits
32)101 Essays That Will Change The Way You Think
33)Make Today Count
34)12 Rules For Life
35)…
36)…

37)The Art of Seduction
38)When All Is Not Well
39)Surrounded By Idiots
40)Games People Play
41)Discourses and Selected Writings
42)Creativity Inc.
43)Elon Musk
44)Predictably Irrational
45)Digital Minimalism
46)Getting Things Done
47)5 Am Club
48)Tuesdays With Morrie

7 Lessons from Mind Management Not Time Management

(thread)

1) Things are not difficult to make; what is difficult is putting ourselves in the state of mind to make them.

2) If you start your day working on the most important thing, there's less of a chance for other things to get in the way. So don't check email, don't check social media - just get right to the most important thing.

3) Don't judge each day by the harvest you reap, but by the seeds you plant.

4) MANY of us approach productivity today as if it's the speed of production, not the quality of our thinking, that matters.

If you're still in your 20s, read this:

1)

2)

3)

4)

5)

20 Books To Read in Your 20s

(thread)

1)Think Again by @AdamMGrant

2)Tuesdays with Morrie

3)How to Talk to anyone

4)Factculness

1/16
Was reading upon #Biases & learnt a lot. Thought of sharing a few pointers .
Simply put Bias is a disproportionate weight in favour of or against any idea/thing in all aspects of life.
Few types of Biases ( out of the many) with not so random images. :)
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2/16
The #DunningKruger effect now is fairly well known , wherein people with limited knowledge overestimate their competence, whilst the actually knowledgeable question themselves often .
"Ignorance more frequently begets confidence than does knowledge".
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3/16
*#SelfServingBias*
A very interesting bias wherein we credit our successes to purely ourselves, but when things go awry we cite luck & external forces .
Rings any bells?
Basically a defence mechanism to protect our self esteem & eventually from personal responsibility.

4/16
* #ConfirmationBias *
We all favour ideas & beliefs that affirm to our existing ones' , rarely being open to contradictory opinions .
(Especially in markets !! 😬) Why?

Laziness? Mental block? Ego ?
No wonder, Birds of a feather flock together ... 😉

5/16
* #SunkCostBias *
As we know, sunk costs are irrecoverable , regardless of outcomes. (Eg Money expended towards R&D for a molecule which doesn't work out)
But this actually extends in any investment we make - Time,Money, Effort, Relationships ...😏
Interesting right?

10 Life-Changing Lessons “The Art of War” by Sun Tzu

⚡️Book Thread⚡️

1. “Let your plans be dark and impenetrable as night, and When you move, fall like a thunderbolt.”

We should devote a significant amount of time to planning.

But remember, without solid action, a plan is just a plan, and nothing more.

2. "There are not more than five primary colors, yet in combination, they produce more hues than can ever be seen.”

It’s not about the number of tools you have, it’s about how you use them.

3. “If he sends reinforcements everywhere, he will everywhere be weak.”

Focus is important in order to succeed.

Concentrate on key areas of improvement, and don’t try to be everything and anything at once.

4. “There is no instance of a nation benefiting from prolonged warfare.”

We shouldn't wait forever to tackle our problems

We should make progress toward our goals as soon as possible

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
👇

10 Insightful Lessons From the Book “Ego is the Enemy”

⚡️Book Review⚡️

1: Your worst enemy lives in you

It is true that all of us, with no exemption, harbors a certain level of pride and ego.

Since pride is in us, it is either we feed it or starve it.

👉How you deal with your pride makes the big difference.

2: Manage your pride

As soon as you feel you are becoming egoistic, boastful, and proud – you can tell yourself to stop.

👉Instead of directing people’s attention to you, choose to direct attention to others.

3: Pride tells you to talk, humility tells you to listen

Ego encourages you to lift yourself and base your worth on nothing or false worth.

On the other hand, humility tells you how important it is to listen to people.

👉So, we listen twice as much as we talk.

4: Become a student

Ego tells you not to listen to anyone. As a result, you stop learning. You stop growing.

So, if you want to keep on learning, learn to be humble first.

✅That’s how you become Great.

10 Impactful Quotes from the book

THE CODE OF THE EXTRAORDINARY MIND by @Vishen

1. "Safety is overrated; taking risks is much less likely to kill us than ever before, and that means that playing it safe is more like just holding us back from the thrills of a life filled with meaning and discovery."

2. "If you can't win, change the rules.
If you can't change the rules, ignore them."

3. "Have big goals—but don’t tie your happiness to your goals. You must be happy before you attain them."

4. "Stress, anxiety, boredom, confidence, excitement, engagement are all contagious."