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.
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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.
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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
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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
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