1/6
* #Gratitude*
I keep a "memory jar" for each year wherein I write in brief the best moments of my life & lessons learnt. Even a small event which taught me something goes in it .
I strongly believe in " No regrets, only lessons learnt ".
( That's handpainted by me! :) )
+

1/20
MY TAKEAWAYS FROM ATOMIC HABITS by @JamesClear

A spectacular book that focuses on building HABITS following SYSTEMS to achieve RESULTS - Instead of the traditional GOAL BASED approach.

It's a highly engaging read with plenty of practical examples .

#BookRecommendation

2/20
Your OUTCOMES are a lagging measure of your HABITS . Although difficult to appreciate on a daily basis , they MATTER IMMENSELY.
Change your habit ,to change the outcome.

It doesn't matter WHERE you are currently,
CHANGE YOUR HABIT TO CHANGE THE TRAJECTORY OF YOUR LIFE!👇

3/20
You do not RISE to the level of your GOALS .You FALL to the level of your SYSTEMS .

Why so ?

Both WINNERS & LOSERS have a Goal . What then sets them apart ?

It's having a SYSTEM in place.
Systems are forever & they result in continuous SELF IMPROVEMENT .

4/20
Reaching a goal may give rise to emptiness or targetting another goal.
But that isn't the case for systems.

Hence GOALS - OVER RATED SYSTEMS - UNDER RATED

2 small examples on my system based approach for self improvement.

#booklovers

👇

5/20
Your identity emerges out of your habits. Every action is a vote for the type of person you wish to become.

Despite knowing better we find that
changing our habits is challenging because :
1) We try to change the wrong thing
2) We try to change our habits in the wrong way.

1/31
My takeaways from the best seller
#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)
#BookRecommendations
#booklovers

2/31
CHAPTER 1

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.

3/31

However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.

4/31
CHAPTER 2

#LUCK & #RISK both play a role for EVERY outcome along with individual effort. At times making a greater impact than the consequential actions taken .
This we ought to remember when judging others' financial success.

Not ALL SUCCESS is due to hard work.

5/31
Likewise, NOT ALL POVERTY is due to laziness.

To learn from successful people, we must focus on BROAD PATTERNS & not on specific individuals ( for we often tend to just study extreme cases at both ends of the spectrum. )

It's never AS GOOD or AS BAD as it seems !!

1/19

One of the first books I read on investing in 2009 was this 💎of a book on Warren Buffett called

HOW BUFFETT DOES IT - 24 SIMPLE INVESTING STRATEGIES.

A great read for investors, given current stock market conditions.

A 🧵

#Investing
#BookSummary
#BookRecommendations

2/19
SIMPLICITY OVER COMPLEXITY

Buy an easy to understand business run by honest & capable management with MINIMAL VARIABLE PARAMETERS( Avoid Complex Bus.)

Pay less for your share than what it is actually worth in terms of future earning potential.
Hold onto it patiently !
👇

3/19
INVESTING IS A ONE MAN JOURNEY

🔸Gain basic knowledge of accounting & financial markets.
🔸Read business Magazines , Periodicals, Annual Reports & Concalls
🔸Get going !

A basic checklist that shall help you figure if you are actually a Long Term Investor or not.
👇

4/19
TEMPERAMENT MATTERS
Your reaction to Greed & Panic shall determine your investing success.

Are you fixated on the LT business fundamentals or on the weekly stock prices ?

You need to have the SKILL to invest correctly & then the CONFIDENCE to hold them through drawdowns.

5/19
PATIENCE IS A CRITICAL COMPONENT

Don't get swept up in others' irrational exuberance.
LEARN TO SEE THROUGH FADS.🧐

A volatile price DOESN'T IMPLY a volatile business!
Focus on the underlying business & it's earning capacity always.

In investing, Inactivity is rewarding.

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.
👇

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.
👇

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
👇

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
👇

1/ 22
By far the best book I have read in a long long time.
One can simply begin from any page,for each note makes so much sense that we get lost in them , sometimes chuckling & often amazed .

Here are MY learnings from
" A Book of Simple Living" by Ruskin Bond.

2/22
The book is enriched with life lessons . Most profound of all for me being ,

#Life is simple despite all its hardships and complexities .
For the purpose of life is to live ....

Now, how we choose to live our life makes it simple or complicated.

3/22

Do we chase #happiness by climbing infinite mountains in the quest for fame & wealth or do we savour the goodness in the little things that often come our way but go unnoticed and unappreciated by us ?
For ultimately , " It is the little things that matter the most ".

4/ 22
#Forgiveness is the key to a good night's sleep . We clutter our minds when we cannot forgive.

We may be wronged many a times but one must learn to forgive even without receiving any apology .

For then the day's deeds are truly done .

5/22
#Nature is the best teacher and companion .
She gives us everything , expecting nothing in return .
But she is a force to reckon with when meddled with ...
Be like nature - generous and kind always but don't let others take you for granted .

https://t.co/WL7mSodjp1

Some lovely quotes from the book, “Alchemy: The Dark Art and Curious Science of Creating Magic in Brands” by Rory Sutherland.

If you read them, you will not be able to stop yourself from buying the book and read it.

A thread!

Here you go

1. The economy is not a machine – it is a highly complex system. Machines don’t allow for magic, but complex systems do. Engineering doesn’t allow for magic. Psychology does.

2. When you demand logic, you pay a hidden price: you destroy magic.

3. The human mind does not run on logic any more than a horse runs on petrol.

4. Human behaviour is an enigma. Learn to crack the code.

5. To avoid stupid mistakes, learn to be slightly silly.

6. More data leads to better decisions. Except when it doesn’t.

7. Being slightly bonkers can be a good negotiating strategy: being rational means you are predictable, and being predictable makes you weak.

8. We could never have evolved to be rational – it makes you weak.

9. If you are wholly predictable, people learn to hack you.

10. The record of science in some ways casts doubt on a scientific approach to problem-solving.

11. Be careful before calling something nonsense.

12. The opposite of a good idea can also be a good idea.

3 Powerful Lessons From "Man's Search for Meaning"

Read this to Find more Meaning in Life.

🧵Thread🧵

Frankl's memoir describes how he survived the Auschwitz Concentration Camp.

Not only does he describe his experiences

But he also discusses how he was able to find meaning through his suffering.

Here are 3 Powerful Lessons to help you find more meaning in life
⬇️

1. You always Have The Freedom to Choose

Arriving prisoners were stripped of everything they owned and separated from everyone they loved.

Everything can be taken from you except one thing:

The Freedom to choose your attitude and response to a situation
⬇️

You can't avoid suffering in your life

But can always choose how your respond to suffering.

Your choice determines if You're a Victim of Your Circumstances

Or the Victor of Them.

Find meaning by choosing to respond to the task that's been handed to you.
⬇️

2. Create something to Aim For

While in the camp, Frankl would constantly refer to Nietsche's quote:

"He who has a why to live can bear almost any how"

Frankl would visualize being back with his wife or lecturing in colleges again to help him get through his suffering
⬇️

15 of the smartest things ever said: 🧵

“We are what we repeatedly do, Excellence is therefore not an act but a habit." –Aristotle

"Look at a day when you are supremely satisfied at the end.

It's not a day when you lounge around doing nothing; it's a day you've had everything to do and you've done it."

–Margaret Thatcher

“Nearly all men can stand adversity, but if you want to test a man’s character, give him power."

–Abraham Lincoln

"It is impossible for a man to learn what he thinks he already knows."
–Epictetus

Saturday Motivation:-