7 Books that Changed My Life:<br/><br/>- Winning<br/>- Atom…

While learning accountancy a student is taught to
👉Debit all expenses, credit all income.
👉Debit all assets, credit all liabilities.
👉Debit the receiver, credit the giver.
Why is it so?
Let us find out the rationale behind three golden rules of accounts. 👇🧵 (1/n)

'Balance Sheet' and 'Profit & Loss Account' are two important aspects to learn accountancy.
Let us first understand how to interpret a Balance Sheet. (2/n)

Balance sheet is a simple snapshot of ‘Sources of funds’ (‘Liabilities’) and ‘Application of funds’ (‘Assets’) as on a ‘particular’ day. (3/n)

It is important to note that the Balance sheet may change every day. That’s because the liabilities side and the assets side may change frequently.
Example: The customer from whom the amount was receivable (Debtor) will get converted into Cash the moment he pays money. (4/n)

Suppose a businessman starts a business with his own money (equity/owner’s fund) and uses this money to buy various assets. (5/n)

$Dickie Bush \U0001f6a2$

Dickie Bush 🚢
@dickiebush

I went from 900 to 125,000 followers in 12 months.

But 90% of that growth came from 9 threads - which on their own generated 20,000,000 views.

So here's a recap of those 9 threads (and what they can help you with):

I studied math at Princeton - mostly because I hated writing.

But colleges do a horrendous job teaching you to write.

So I spent 200 hours learning to write on my own.

Then, I summarized the frameworks I

College completely failed in teaching me how to write.

So I spent over 500 hours studying legendary authors and copywriters.

Then, I distilled what I learned into 6 simple frameworks.

But unlike college, these won't cost you $120,000.

Here they are for free:
— Dickie Bush \U0001f6a2 (@dickiebush) September 22, 2021

If you're new to Twitter, it can be overwhelming.

But even people who use it every day aren't using its best features.

So here are 10 of them you can start using today to 10x your experience:

If you use it right, Twitter is the most powerful platform in the world.

But Twitter does a horrible job of showing you its advanced features.

Here are 10 of them you probably know nothing about:
— Dickie Bush \U0001f6a2 (@dickiebush) March 30, 2021

Whether you're a:

• Writer
• Creator
• Student
• Employee
• Entrepreneur

You are in the business of storytelling.

So here's a storytelling crash course from the world's most creative

The most creative company of the last 30 years:

Pixar.

Back in 2011, Pixar storyboard artist Emma Coats shared their "22 Rules For Storytelling."

And the rules are a must-read for writers, entrepreneurs, and anyone who wants to tell captivating stories.

Here's the breakdown: pic.twitter.com/eUqUpvvbDX
— Dickie Bush \U0001f6a2 (@dickiebush) October 28, 2021

If you spend any time on Twitter, you've seen the words "Web 3."

But whether you're a complete beginner or fully crypto-pilled, these quotes will help you learn where the world is

20 quotes on Crypto, Web 3, NFTs, and decentralization from Tim Ferriss, Naval Ravikant, and Chris Dixon.

(For those who want a crash course in where the future is heading):
— Dickie Bush \U0001f6a2 (@dickiebush) October 30, 2021

Yash Mehta
@YMehta_

#RS is an indicator which helps in finding strong stock or index in the market.

This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙚𝙡𝙖𝙩𝙞𝙫𝙚 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝"

Shared some strategy.

Like👍 & Retweet🔄for wider reach and for more such learning thread in the future.

1/22

Most of us would confuse it with Relative Strength Index (RSI) but Relative Strength is a different indicator.

We have already covered about "Uses of RSI" in below thread👇
https://t.co/oTOrW7joNI

One can go through this if you haven't.

2/22

#RSI is a common indicator which most of us use in the stock market.

This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d64d\U0001d64e\U0001d644"

Like\U0001f44d & Retweet\U0001f504 for wider reach and for more such learning thread in the future.

Also, an investment strategy is shared using RSI in the end.

1/16
— Yash Mehta (@YMehta_) October 22, 2021

Now coming to Relative Strength (RS).

It is basically a strategy used in momentum investing which shows strength or weakness between two asset classes (two stocks, index, commodity).

One can read about this in below

As of now, I am using this indicator on .@tradingview platform.

It's free and one can add it in their Tradingview account as well, using this link👇
https://t.co/FxCjJFsNOG

There are multiple variants in this as well. Some traders use multiple time frame RS.

4/22

RS basically compares returns of one stock/index with the returns of benchmark stock/index at a particular time horizon.

Let's say, I want to analyze TCS and Benchmark Index is Nifty.

5/22