5 Quotes to Live in The Moment 📚

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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.

Peter Lynch averaged 29.2% annual return between 1977 to 1990.

His books One Up Wall Street and Beating the Street offered great insights into his success.

Here are my top 10 lessons from the legend:

1. This quote was so good Warren Buffett cited it in his shareholder letter.

“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”

2. Volatility is the price of admission.

“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.”

3. On how many stocks you should own.

"Owning stocks is like having children. Don't get involved with more than you can handle."

4. On making mistakes.

"There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating."

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My takeaways from the best seller
#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)
#BookRecommendations
#booklovers

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CHAPTER 1

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.

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However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.

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CHAPTER 2

#LUCK & #RISK both play a role for EVERY outcome along with individual effort. At times making a greater impact than the consequential actions taken .
This we ought to remember when judging others' financial success.

Not ALL SUCCESS is due to hard work.

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Likewise, NOT ALL POVERTY is due to laziness.

To learn from successful people, we must focus on BROAD PATTERNS & not on specific individuals ( for we often tend to just study extreme cases at both ends of the spectrum. )

It's never AS GOOD or AS BAD as it seems !!

Top 10 Psychology Books That Everyone Must Read :

1. The Power Of Habit

2. Thinking, Fast and Slow

3. 12 Rules for Life

4. Influence

5. Atomic Habits

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.