1/ Here are my notes from @robertwrighter's book - Nonzero: the logic of human destiny. I enjoyed the book very much.
The basic premise of the book is that history has a direction which favors co-operation and non-zero sum games, and that causes an increase in complexity.
For example, eukaryotic cells - the ones animals and plants have - emerged when two proto-cells merged, and one took the role of energy generator (mitochondria), the other specialized in protection.
So M&A is not a recent phenomena, entities have been merging because of common interests ever since life started.
This is truly a non-zero sum game.
Like, even though we're a family and there's a single ice-cream left in the fridge, you'd want to have it.
This "trust" enables them to specialize and co-operate together for better survival. Some become specialists at taking in oxygen, and others at writing poetry.
What I thought was perhaps the most clever idea in the book: ideas that support co-operation and specialization survive and get adopted because they enable win-win deals for idea holders. (Non-zero sum games)
As writing skill spread, more and more people entered into simple written contracts that helped people co-operate and specialize.
In this way, war or threat of war actually causes people to come together as a nation-state.
The book discusses EU and UN as early and emerging examples of a possible future "world govenment" (whataver shape it may take)
Similarly, the book argues, if humans vanish, perhaps our close cousins (primates) will have an oppurtunity to evolve towards greater level of co-operation and reinventing writing, capitalism and culture.
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1. Atomic Habits by @JamesClear
“If you show up at the gym 5 days in a row—even for 2 minutes—you're casting votes for your new identity. You’re not worried about getting in shape. Youre focused on becoming the type of person who doesn’t miss workouts”
Good Reasons for Bad Feelings
https://t.co/KZDqte19nG
2. “social anxiety is overwhelmingly common. Natural selection shaped us to care enormously what other people think..We constantly monitor how much others value us..Low self-esteem is a signal to try harder to please others”
The True Believer by Eric Hoffer
https://t.co/uZT4kdhzvZ
“Hatred is the most accessible and comprehensive of all unifying agents...Mass movements can rise and spread without belief in a God, but never without a believe in a devil.”
Grandstanding
https://t.co/4Of58AZUj8
"if politics becomes a morality pageant, then the contestants have an incentive to keep problems intact...politics becomes a forum to show off moral qualities...people will be dedicated to activism for its own sake, as a vehicle to preen"
Warriors and Worriers by Joyce Benenson
https://t.co/yLC4eGHEd4
“Across diverse cultures, a man who lives in the house with another man’s children is about 60 times more likely than the biological father to kill those children.”
1. Atomic Habits by @JamesClear
“If you show up at the gym 5 days in a row—even for 2 minutes—you're casting votes for your new identity. You’re not worried about getting in shape. Youre focused on becoming the type of person who doesn’t miss workouts”
Good Reasons for Bad Feelings
https://t.co/KZDqte19nG
2. “social anxiety is overwhelmingly common. Natural selection shaped us to care enormously what other people think..We constantly monitor how much others value us..Low self-esteem is a signal to try harder to please others”
The True Believer by Eric Hoffer
https://t.co/uZT4kdhzvZ
“Hatred is the most accessible and comprehensive of all unifying agents...Mass movements can rise and spread without belief in a God, but never without a believe in a devil.”
Grandstanding
https://t.co/4Of58AZUj8
"if politics becomes a morality pageant, then the contestants have an incentive to keep problems intact...politics becomes a forum to show off moral qualities...people will be dedicated to activism for its own sake, as a vehicle to preen"
Warriors and Worriers by Joyce Benenson
https://t.co/yLC4eGHEd4
“Across diverse cultures, a man who lives in the house with another man’s children is about 60 times more likely than the biological father to kill those children.”
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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
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
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K