BC LEARNING
Saved by @vasantsri_

Books every entrepreneur should read in 2022 (and why):

 1/ Thinking Fast and Slow

Lessons:

• Probably the best book written on human behavior

• You will learn how to be aware of your own bias

• Make better decisions by understanding your blind spots
2/ The Innovator’s Dilemma

Lessons:

• Why big companies miss disruptive innovations

• Big companies demand quantification of market size

• Disruptive markets in their infancy can’t be quantified
3/ Zero to One

Lessons:

• Competition is for losers

• Monopolies are actually good

• Large TAM’s are overrated
4/ How to Win Friends and Influence People

Lessons:

• Business is about people

• You’re selling to people (customers) or hiring people (employees)

• This book helps you get better at both
5/ Super Pumped

Lessons:

• Uber faced so much resistance when it was launching

• If you're building a product in a market where there are large incumbents, take lessons from this book
6/ Extreme Ownership  

Lessons:

• Stories from the army on how to lead teams

• Good leaders take ownership of what they do

• Good leaders take ownership of what happens to their team
7/ Atomic Habits

Lessons:

• Change your life by taking small steps

• Small steps become part of your routine until a new habit is formed
8/ The E Myth

Lessons:

• How to think in terms of systems and processes for your business

• A good business can function without the owner being involved in everything

• This comes down to building great processes to fulfill the work you do
9/ The Lean Startup

Lessons:

• How to think about MVPs for your launch

• This book crystallized the notion of validating your learnings via quick experiments

• Throw out the business plan, take action and test the market quickly
10/ The Compound Effect

Lessons:

• Compound Growth is the 8th wonder of the world

• This book dives into how compound growth can improve your life

• You overestimate what you can do in a day and underestimate what you can do in a year
11/ Feel the Fear and Do it Anyway

Lessons:

• We all have fears, doubts, and suffer from analysis paralysis

• This book is a great reminder that fear is normal

• You will learn how to embrace your fears and take action anyway
12/ Think Again

Lessons:

• A new perspective on how to handle conflict

• How to change someone’s mind when they’re being stubborn

• How to build and nurture a passion
13/ Reverse Innovation

Lessons:

• Most people assume that the developing world is behind

• This book turns that assumption on its head

• Building for emerging markets allows you to import high-impact and low-cost innovations to developed markets
14/ No Rules Rules

Lessons:

• Netflix has one of the most unique corporate cultures

• A must-read as build your own company and think about culture

• This book written by the CEO dives into why Netflix came up with policies on: feedback and unlimited vacations
15/ Nudge

Lessons:

• Dissect how human beings make decisions

• The way things are placed in our environment influence how we make decisions

• Think twice about “default” options when making decisions
16/ The Almanack of Naval Ravikant

Lessons:

• The 1st tweet I’ve ever bookmarked on twitter was Naval’s tweet on how to get rich (without getting lucky)

• A collection of Naval's lessons on wealth building and life

• This book is available for free online

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Julia MacDonald
Julia MacDonald
@julia_m_mac
At McKinsey, we charged $400k+ per presentation.

Here’s the simple 7-step framework we used (steal it for free)🧵:

McKinsey is paid to solve complex problems.

They created a process that helps find solutions:

The Hypothesis-Driven Framework.

Let’s dive in.👇

Start by Gathering Facts.

Most people skip this step. That's a huge mistake.

Take a few hours to understand the problem. Talk to a couple of experts.

Ask:
• What are the causes?
• How often does it happen?
• How solutions have you tried?

Now you're ready to start solving.


Generate an Initial Hypothesis.

Problems remain unsolved when people look for a solution without direction.

Ask yourself:

“Based on initial facts, what do I believe is causing this?”

That’s your Initial Hypothesis.

Build an Issue Tree

Solving one big problem is hard. Solving 20 small problems is easy.

Break the issue down into its smallest components:

1: Profits are down
1.1: Revenue is down
1.1.1: 30% of our clients moved to our cheap product
1:1.1.1: That product was recently upgraded
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Abhishek Kar
Abhishek Kar
@Abhishekkar_
𝐀 𝐭𝐡𝐫𝐞𝐚𝐝 𝐨𝐧 𝐈𝐧𝐝𝐞𝐱 𝐅𝐮𝐧𝐝𝐬
This thread will help you to understand the index funds really well. If you want more of such threads in future,do comment the topic you want me to cover and don't forget to RETWEET! Let's start :

Who started it?
John Bogle, commonly referred to as Jack, is known as The Father of Index Investing and The Father of Index Funds. Bogle was born in Montclair, New Jersey on May 8, 1929.


What was the first index fund?
After graduation, Bogle went to work for Wellington Management from 1951 to 1974, but was fired because of a merger decision he made. In 1974, he found the Vanguard Group Inc., and in 1976 he introduced the first retail index fund the Vanguard 500

Why should we trust Bogle and not telegram rockets?
Although Bogle was initially mocked for his introduction of the index fund, he proved to be a true visionary and was even named as one of the “World’s 100 Most Powerful and Influential People” by Time Magazine in 2004


What is Vanguard's position right now?
Vanguard has grown to become one of the world’s largest investment management companies, with more than five trillion in global assets under management. Although Mr. Bogle died in January of 2019, his philosophy of index investing is ALIVE.
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Commonstock
Commonstock
@JoinCommonstock
Michael Burry's investment strategy
LEARNING
Vidit \u26aa\ufe0f
Vidit ⚪️
@supermode_
Mckinsey makes millions on a single presentation.....yeah👀

Here is the central business storytelling framework I learned in my 4 yrs there🧵👇

First, why should you care?

If you closely observe, most people do academia-style communication.

They stream details(situation, complications, etc) first and then slowly build up the conclusion.

And it works ...

but not when you have to be persuasive and sell your ideas.

A consultant at Mckinsey, Barbara Minto, realized this anomaly in the 60s and capitalized on it.

She built a framework that would change the course of the firm.

Eg- Mckinsey currently boasts a roster of 90 of the top 100 companies in the world.

Quick aside to acknowledge that Barbara Minto is a badass

- one of the first Harvard female MBAs

- and the first female Mckinsey consultant

What she proposed was so influential - other consulting firms also adopted her principles.

The framework is also a secret weapon....

It makes consultants appear sharp = accelerates their growth.

eg- many top CEOs are ex-Mckinsey.

Sundar Pichai - Google
Sheryl Sandberg - Facebook
James Gorman - Morgan Stanley

CEOs at Vodafone, Boeing, Footlocker, LEGO, Grammarly, Best Buy.

Full list at the end:
LEARNING
Nathan Barry \U0001f1fa\U0001f1e6
Nathan Barry 🇺🇦...
@nathanbarry
The Ladders of Wealth Creation—a step-by-step roadmap to building wealth:

Making money is a skill—like playing the drums or piano—that you can get better at over time.

I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.

This is why most first companies fail.

The Ladders of Wealth Creation breaks an insanely complicated topic of building wealth into the component parts and skills to give you a roadmap of what to do first.

Look at this graphic, then we’ll break down each step.


Ladder 1: Time for Money

The first ladder is trading time for money. This is how most people you know earn a living.

It may start with an hourly job working for Starbucks, but then transition into a salaried position working at a company.

The skills for success are simple, but critical:

1. Show up consistently
2. Being reliable
3. Eager to learn

Every job requires those three things.

To climb the ladder to a salaried position you need to specialize in certain skills (design, copywriting, legal, nursing, etc).
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Suhas S. Hardutt
Suhas S. Hardutt
@HarduttSuhas
THE BATTLE OF TALIKOTA and the destruction of Vijaynagar (Hampi)
26 January 1565

A tale of valor, deception and decimation.

A grim reminder that if we fail to protect our heritage, it will eventually crumble under the onslaught of "forces of anarchy".
(Elaborate thread)


This decisive battle was fought between the Vijayanagara empire and the Deccan sultanates resulting in a rout of Vijayanagara and ending the last major medieval era Hindu kingdom in south India.(1)

The seeds of 1565 encounter were sown more than 250 years earlier when the forces of the Delhi Sultanate, during the time of Alauddin Khilji and later Md Bin Tughlaq swept through southern India in an expansion spree.(2)

By middle of the 14th century, facing rebellions, Tughlaq withdrew to Delhi, leaving behind 2 empires, Bahmani, which ruled the Deccan from Kalaburagi, and Vijayanagara, which ruled most south India with its capital at Vijayanagar.(3)

The Raichur Doab, between the Krishna and Tungabhadra rivers, existed as a natural boundary between these two kingdoms, with wars often breaking out over control of this territory.(4)
HISTORY
\U0001d54d\U0001d560\U0001d56a\U0001d552\U0001d558\U0001d556\U0001d563
𝕍𝕠𝕪𝕒𝕘𝕖𝕣...
@V0YAGERTWEETS
Ｇａｕ Ｍａｔａ Ｉｎ Ｖｅｄｉｃ
Ｃｕｌｔｕｒｅ

It is said that the one who bears the dust thrown from the hoof of Gaumata on his head, as if taking a bath in the water of the teerth sthalam and getting rid of all sins.


Ved and all other Hindu scriptures venerate the cow. The Vedic dictionary, Nighantu, gives amongst other synonyms of 'Gau' [ or cow] the words 'Aghnya', 'Ahi', and 'Aditi'.

Yaska the vedic decoder and commentator on Nighantu, defines these as-

Aghnya —— the one that ought not to be killed
Ahi —— the one that must not be slaughtered.
Aditi —— the one that ought not to be cut into pieces.

These three names of cow signify that this is an animal which should not to be put to tortures. These words appear frequently throughout the Veda in context of the cow.

But in due course the falsehood of killing cows spread far and wide and they became even more deep rooted when western scholars with their half baked knowledge of Sanskrit transliterated these interpretations of commentaries of Sayanacharya ,
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James Clear
James Clear
@JamesClear
My top 10 tweets of the year

A thread 👇

https://t.co/xj4js6shhy


https://t.co/b81zoW6u1d


https://t.co/1147it02zs


https://t.co/A7XCU5fC2m
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Professor
Professor
@DillikiBiili
So friends here is the thread on the recommended pathway for new entrants in the stock market.

Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..

First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their

Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.


Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually

Dow theory is old but
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Christina Warren
Christina Warren
@film_girl
A brief thread on Jovan Hutton Pulitzer, the crazy con man who is now claiming to have hacked into the Georgia voting machines in Fulton County. 90s kids and tech aficionados might remember Jovan as the inventor of the CueCat, the dumbest gadget of all time.

Also, for anyone who wants to claim that Jovan Hutton Pulitzer (not his given name, but one he changed legally after the CueCat debacle) invented QR Codes: he did not. Like that other right-wing crazy man who claimed to have invented email, Jovan didn’t invent QR Codes.

He did invent the CueCat, a product that somehow raised $185 million dollars for a tethered barcode scanner for magazines and newspapers, so you could get ads from your ads. As I said, the dumbest product of all time. Good backup barcode scanners after they were hacked, however

Oh, that’s another thing. When CueCat was a thing, its systems were hacked. I guess that’s what makes Jovan a security expert. His bankrupt company from 20 years ago was hacked and widely mocked. He’s a genius.

In recent years, Jovan pivoted to being a treasure hunter who was featured on and widely mocked on Curse of Oak Island, because the man is insane.
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