An excellent article simplifying REIT . Do read it !

With the new regulatory changes in place ( from 200 units to 1unit ) things shall get interesting with more liquidity & retail participation in REIT.

(Disclosure : Holding hence , Biased )

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
👇

1/20

Sharing some takeaways from the book : India's Money Monarchs* , ONLY of the conversation with Sanjoy Bhattacharya.

* Available on Kindle Unlimited now.

@Vivek_Investor and @dmuthuk
I think you & your followers might like this . 🙂

#BookTwitter
#BookRecommendations

2/20
🔸On How to Minimise Risk ?

* Look at long term volatility of Cash Flows ( assuming Financial Statements paint a fair picture )

* Check if business generates Free Cash Flow ( FCF). This ensures company is unlikely to be wiped out at the bottom of the cycle.

3/20
🔸Management Integrity matters.

You notice good governance only when it is gone !
Hence unless one has demonstrable proof on a long term basis that people are honest , consider them to be crooks .
Cynical approach but helps save us from losses !

4/20
🔸 Level of competitive intensity in the business matters. Risk is lower when there are fewer players.

More cut throat the industry , more finesse shall be required and growth shall depend on the ability to adapt and successfully execute.

5/20
🔸Try to anticipate what can change in a business .

Scanning the historical precedent or envisaging the future helps .

Inherent risks of business matter !

Sometimes these are completely overlooked & can prove to be extremely expensive.

Please name one of your "Must Read" books explaining why ( in 1 tweet itself).

Any genre is welcome. 😌

#BookTwitter
#BookRecommendations

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/ 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 .