As part of our Knowledge sharing initiative by @FinnacleAcademy and @Investmentbook1, here we are on our post 2 with some of the most important key takeaways of the book “Masterclass with super investors” by @vishalmittal22 & @basrars
Here we go! (1/n)
![](https://pbs.twimg.com/media/FRfGTxIVUAEqzvV.jpg)
3)Investment style: “KCPLTD”
- K = Knowledge
- C = conviction
- P = Patience
- L = Luck
- TD = Timely deployment (17/n)
Here is book link if you loved the thread and want to read more about these super investors :)
https://t.co/5nvTS4yDvN
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Thread Best books recommendation by one of best investor I knew @insharebazaar (Virtually)
He grab many multibagger stocks and His style also unique(1st Seen interview in @TraderHarneet's YT Channel)
He follow Simple process
Young Intelligent Investor who also appeared in ET
1. One Up On Wall Street
2. Rich Dad Poor Dad
Access here : https://t.co/UWOCF732z6
3. The Unusual Billionaires
4. Trading in the Zone
https://t.co/G7mqVPtEM0
5. Market Wizards
6. The Intelligent Investor
https://t.co/yPKBzYyPAl
7. The Five Rules for Successful Stock Investing
8. Reminiscences of a Stock Operator
https://t.co/PiioB3hdHP
He grab many multibagger stocks and His style also unique(1st Seen interview in @TraderHarneet's YT Channel)
He follow Simple process
Young Intelligent Investor who also appeared in ET
1. One Up On Wall Street
2. Rich Dad Poor Dad
Access here : https://t.co/UWOCF732z6
![](https://pbs.twimg.com/media/El5CCGLU4AA1MnT.png)
3. The Unusual Billionaires
4. Trading in the Zone
https://t.co/G7mqVPtEM0
![](https://pbs.twimg.com/media/El5CIXjVkAQ4l17.png)
5. Market Wizards
6. The Intelligent Investor
https://t.co/yPKBzYyPAl
![](https://pbs.twimg.com/media/El5CLCiU8AERqLo.png)
7. The Five Rules for Successful Stock Investing
8. Reminiscences of a Stock Operator
https://t.co/PiioB3hdHP
![](https://pbs.twimg.com/media/El5CSIiU4AA6wZg.png)
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.