Must read #TechnoFunda books:

Invest in Yourself

https://t.co/qPVhlS7gGx

#investing

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If you find megatrends early, it could be highly rewarding...

If you want to refresh powerful concepts of Chemical Sector...

This is must watch for you...

One of the most in-depth analysis on the sector you will ever see..!!

#investing

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If you understand just this one quote, it will transform your investing journey...

So powerful...

#investing #compounding

@Sanjay__Bakshi @iancassel Thanks Sir for amazing insights as always.

To fight some of these "bad demons" I keep doing experiments like averaging up..

Also, during feeling of high PE or market overvaluation, I try not to take profit, but trail exit and give room of 20-35% drawdown to excellent businesses

@iancassel Also, I am experimenting few indicators which will help me re-enter known great business again (even if I exited at lower price) and help remove price anchoring in objective way..

Let's see how it pans out..

But yes... ultimately anyhow we need to conquer these demons 😀

Mega thread on how the India’s Largest Telecom Operator – Reliance Jio (~35% market share) came into existence & became India’s Largest Mobile Broadband in less than 2 years.

Crazy story...no less than revolution..

Please retweet and comment below if you got blown away..

(1/n)

1 >> It was year 2011...year of spark

"The idea of Jio was first seeded by Ambani’s daughter, Isha, in 2011. She was a student at Yale (in the US) and was home for holidays. She wanted to submit some coursework and she said, 'Dad, the internet in our house sucks'," he recalled.

2) There was opportunity...

What was that?

That big thing...that will change India forever...for good..

Ambani said - Akash, at that time, stated that in the old world, telecom was the voice and people made money on calls but in the new world everything is DIGITAL...!!

3) That was it - DIGITAL

One simple but powerful idea..high speed internet is future

After the conversation, he researched more about it & found out that India was suffering from poor connectivity of data & prices were high which was not affordable to majority of Indians.

4) But it was not easy...

Dream was BIG...but it was game-changer...

After years of planning & research, Jio was finally launched on 5th September, 2016.

There was lot of competition...but Winning is their DNA..

Biggest mistake many investors make in highly cyclical sectors like steel, sugar, metals etc.

is that...during upcycle they assume earnings to be structural and get swayed away by optically low valuation thinking it as value buy..

Result... averaging down during fall n disaster

Engrossed in reading this wonderful book - 'The Anarchy' by Mr. William Dalrymple.

Chronicles the remarkable rise of 'East India company' while Mughal Empire was crumbling and the crucial role of economics in it.

Would highly recommend it to all investors and entrepreneurs...

All the books (all 34 of them) I read this year and a one-line review on them!

My last thread for 2020 🧵

#Books #Reading

Let's get started 👇

1/n

Alibaba - The house that Jack Ma Built

Rejected 10 times in Harvard, rejected in 30 jobs, first 2 businesses didn’t work out.

This book is extremely motivating as it tells how a man from humble beginnings built Alibaba into one of the largest internet companies

2/n

The Peaceful investor & Company Analysis Volumes 1, 2, 3, and 4 (covers 40 stocks in total) by @drvijaymalik

After reading these, you learn the fundamental analysis process completely!

@drvijaymalik is rightly called the Doctor of stocks, he is the best in fundamentals!

3/n

Ode To Geniuses

The book discusses philosophers and poets from the Renaissance era - Epictetus, Euclid, Horace, Nikola Tesla, and a few more

It's fascinating to note how they started out and the way they ended up in their respective fields to make a big mark!

4/n

Beyond the End

This is about unfinished masterpieces of art -This is also very interesting as the stories of incompletion and the artists behind them grip you completely!

Note - This book + the one before are private publications, they were gifted to me by @Sharad9Dubey

This has to be One of the Best Books I have read about Stock Markets.

'The Battle For Investment Survival By Gerald Loeb'

Will help you Think the Right Way in Markets.

Give this a Read.