Mental models can save your life.

But psychological biases can ruin it.

Here are 10 psychological biases to help you avoid a life of pain and suffering:

1. Doubt-avoidance:

Doubt and uncertainty make us feel uncomfortable.

And when we don't have clarity, we start rushing decisions to avoid that feeling of uncertainty.

When in doubt, take a deep breath and sleep on it before making a decision.

2. Overoptimism bias:

When we want something badly, we start overestimating our odds of success.

It's why so many people bet on their sports team to win.

It's also why millions buy lottery tickets.

Don't let what you want cloud your judgment of what you should do.

3. Reciprocation:

The tendency to treat others as they've treated us.

When treated well: "You scratch my back, I'll scratch yours."

When treated badly: "An eye for an eye."

Sometimes this tendency can lead to endless conflict.

Resist the urge to reciprocate bad behaviour.

4. Social Proof:

We copy other people's behaviour when making decisions.

Especially when we're feeling uncertain.

This is why so many ads have celebrity endorsements and user testimonials.

Next time you make a decision, be mindful of other people's influence.

MANAKUL VINAYAGAR, PUDUCHERRY

Earlier named Bhuvaneshwar Ganapati.
There was a pond (Kulam in Tamil) near the mandir that was full of sand (manal).
So people started calling Manal Kulathu Vinayagar (Ganpati near sand pond) that later became Manakula Vinayagar.

This Ganpati mandir is the only one across India which is covered fully with gold on its tower.

The murti of Vinayagar is also unique as he is seen standing on 3 legs.

Wedding festival of Riddhi and Siddhi with Vinayagar is unique since it is celebrated only in this mandir.

A legend says that the French tried to destroy the mandir and threw the murti in the sea but when they came back, they found the murti back in the mandir in same position.

There is a golden Ratha here. Around 7.5 kg gold was used in making it at a cost of around 35 lakhs.

The spiritual path, a thread:

The spiritual path is not for the faint of heart.

It is both the toughest of life’s paths and the most rewarding.

All journeys are unique.

But all lead to the same place: total love and oneness.

The path requires alignment of mind, body, and spirit.

All are a part of You.

One without the other leads to imbalance.

Recognize and nurture all aspects of You.

I’ll show you how.

1/ Mind

Your mind is trying to process all available information to protect you.

The problem: it gets tripped up.

We live in a world of constant fear-based stimulation.

Most of modern society is designed to feed and profit off of your mind.

1.1/ Pause your mind

This is effectively what meditation is and why it’s so powerful.

Some meditators use a mantra so as to have one repetitive thing to repeat.

This helps unwind cyclical thoughts.

It breaks the mind free from it’s shackles.

It stops the churn.

Did you know about Mahameghavahana Kharavela?

We all know that Odisha was once called ‘Kalinga’ but most people are not aware about Aira Maharaja Mahameghavahana Kharavela was one of the greatest kings of ancient India.

He was the first great historical sovereign of ancient Kalinga who belonged to the soil and styled himself as Chetaraja-Vamsa Vardhana, and Kalingadhipati.
In history, it says that he owned many propitious signs on his body and was gifted with many qualities.

At the age of 15,Kharavela became the Yuvaraja, or Crown Prince,to understand the burden of royal responsibilities. By that time he was already skilled in five main subjects,namely,Lekha or Writing, Rupa or Coinage, Ganana or Arithmetic, Vyavahara or Law, and Vidhi or procedure.

Kharavela worked as the Crown Prince for nine years and later after completion of the 24 years of his life, he was crowned as the king of Kalinga. He then began his marvellous rule as the king belonging to the third generation of his royal dynasty.

He worked for the stability of his capital city Kalinganagari as the capital was earlier damaged by a severe storm that required repair and construction. In the first year, he repaired the gates, fortifications, and the structures of the fort of Kalinganagari.

Gita Jayanti : Today
#GitaJayanti

परित्राणाय साधूनां विनाशाय च दुष्कृताम्‌ ।
धर्मसंस्थापनार्थाय सम्भवामि युगे युगे ॥

@LostTemple7 @RadharamnDas

Gita Jayanti is celebrated on Ekadasi tithi in Shukla Paksha of Margashirsha month. It is on this day Shri Krishna gave Geethopadesha to Arjuna during Mahabharata war. During the war when Arjuna sees his own relatives & Guru on the opposite side he becomes reluctant to fight

Shri Krishna who is the charioteer of Arjuna advices Gita at that time.
Krishna advices on what constitutes right action, proper understanding & the meaning of life & nature of Divinity. Also devotion is the path towards self recognition.

Reading Bhagavad Gita solves all problems of our life, teaches importance of self control also do our Karma without any desire. There are 700 verses in 18 adhyay.
Visada Yoga, Sankhya Yoga, Karma Yoga, Jnana Yoga, Karma Vairagya Yoga, Abhyasa Yoga, Paramahamsa Vijnana Yoga

Vibhuti Yoga, Visvarupa Darsana Yoga, Bhakti Yoga, Ksetra Vibhaga Yoga, Gunatraya Vibhaga Yoga, Moksa upadesa Yoga

कर्मण्येवाधिकारस्ते मा फलेषु कदाचन
मा कर्मफलहेतुर्भूर्मा ते सङ्गोऽस्त्वकर्मणि

We have the right to perform prescribed duties, not entitled to fruits of our action

If you're thinking of giving up on trading...

read this first👇

(my story)

During the beginning of my trading journey, there were many times where I thought of giving up.

The first year I really was committed.

Then towards the second year, I really started thinking, “Is this really for me?”

I knew I had a strong passion for trading.
It’s what kept me in the game for so long.

But after 2 years of losses, I thought maybe I was meant for another business.

But there was always that “What if” thought running through my head.

What if I’m right there?

What if tomorrow starts the day where I become consistently profitable?

That thought never left…

It wasn’t until I found Supply and Demand Trading.

It changed the game for me.

It simply just made sense.

I cut out all the useless indicators I was using and started studying.

Slowly but surely, it started working

"Attention is all you need" implementation from scratch in PyTorch. A Twitter thread:
1/

There are two parts: encoder and decoder. Encoder takes source embeddings and source mask as inputs and decoder takes target embeddings and target mask. Decoder inputs are shifted right. What does shifted right mean? Keep reading the thread. 2/

The encoder is composed of N encoder layers. Let's implement this as a black box too. The output of one encoder goes as input to the next encoder and so on. The source mask remains the same till the end 3/

Similarly, we have the decoder composed of decoder layers. The decoder takes input from the last encoder layer and the target embeddings and target mask. enc_mask is the same as src_mask as explained previously 4/

Let's take a look at the encoder layer. It consists of multi-headed attention, a feed forward network and two layer normalization layers. See forward(...) function to understand how skip-connection works. Its just adding original inputs to the outputs. 5/

Narayaneeyam Day : Tomorrow

Narayaneeyam Day is celebrated on 28th day of Malayalam month Vrishchikam. Narayaneeyam is the condensed form of Srimad Bhagavatam, written by Narayana Bhattatiri without leaving any essence of Bhagavatam & was submitted to Guruvayurappan on this day

Bhattatiri was a great devotee & scholar who lived in Guruvayur in Kerala. Narayana Bhattathiri had a Guru, Achyuta pisharadi, who had a severe attack of Rheumatism. Bhattathiri & with his prayers transferred guru's illness to him. Once, when Bhattathiri was unable to move, he

was carried to Guruvayur temple,
where he met Ezhuthachan, eminent  Malayalam  poet of the time. Ezhuthachan advised Bhattathiri to "begin the treatment with fish" Bhattathiri understood that he would be cured if he compose avatar of Vishnu starting with the fish, known as Matsya

Srimad Bhaghavatam which consists of 18000 sloka was condensed to 1034 slokas. He was 27 year old when Bhattadiri wrote Narayaneeyam. Thus on 100th day he was completely cured of illness. Particular Sloka of Narayaneeyam (Dasakam 8, Sloka 13) is a very powerful & also advised by

Sri Kanchi Maha Periyava for curing any illness. If one cannot recite Narayaneeyam completely are adviced to chant this sloka 21 times daily.

अस्मिन् परात्मन् ननु पाद्मकल्पे
त्वमित्थमुत्थापितपद्मयोनि: ।
अनन्तभूमा मम रोगराशिं
निरुन्धि वातालयवास विष्णो ॥

" What have Brahmins done other than beg for alms?"- asks this political stooge.

I have noticed that people like him, who slander me everyday and spread lies about me, have a deep seated hatred for Brahmins.

This is a common factor driving them all.

Brahmins gave their blood for the freedom of this country.

The first bullet against the British in 1857 was shot by a Brahmin named Mangal Pandey.

According to Meenakshi Jain, 70% of freedom fighters who were kiIIed by British bullets were Brahmins.

Bal Gangadhar Tilak, Chandrashekhar Azad, Jhansi Lakshmi Bai, Mangal Pandey;

Bankim Chandra Chatterjee, Batukeshwar Dutt, Ram Prasad Bismil, Chapekar brothers;

G Gokhale, Tatya Tope, Pattabhi Sitaramayya, Pingali Venkayya, Subramania Bharati, Vinoba Bhave, Rabindranath Tagore

These are just some of prominent names. The list is long.

In spite of the fact that Brahmins shed their blood for this country, some of these politcal stooges taunt Brahmins with beggar trope day & night.

This is based on their faulty understanding of the concept of Bhikṣā

Bhikṣā is not conceptually equivalent to "beg".

Many Shastras forbid Brahmins from earning any wealth. An ideal Brahmin is not supposed to be attracted to materialism. He should acquire his victuals only by Bhikṣā.

Many Brahmins took this injunction seriously & gave up wealth

Terry Smith is often referred to as "the English Warren Buffett".

He runs Fundsmith which has a fund size of £27.9bn.

Despite the size, Fundsmith did a CAGR of 18.4%.

In his book Investing for Growth, he explains his investing philosophy.

Here's a breakdown:

1. Fundsmith's winning formula

Find companies that focus on delivering value.

Not those who are looking to pacify Wall Street with short-term results.

2. Avoiding "cheap" companies?

Low multiples are not a reason to buy a company.

A ship will continue to sink if it has a hole in it.

"A stock may have a low valuation but an even lower intrinsic value. Buying such a stock is not a recipe for investment success."

3. Getting quality right

For long-term investors, getting the quality of the business is more important than the valuation.

“An investor could have paid 281 times earnings for L’Oréal, 156 times for Colgate, and 147 times for Brown-Forman and still beat the market.”

4. "Unprofitable" companies could be good investments

Many of the best companies don't show earnings today.

But that's because they're heavily reinvesting for the future.

It's just that the earnings hasn't show up.

Momentum Trading Trend Template

EMA-10> EMA-21> EMA-63

RSI- Above 55

High RS rating stocks , with 15% CAGR growth in earnings from last 3 years.

A Viper crushed beneath your foot but left alive, will rear up and bite you with a double dose of venom.

An enemy that is left around is like a half-dead viper that you nurse back to health.

Time makes the venom grow stronger.

I will remember this upmove in bank nifty on 30th Nov ( Tuesday ) in my life.
@_GauravVashisth
@ITRADE191

Lets discuss how to invest in equity directly, the end to end picture, taking as an example my largest holding: RACL ⚙️ 🖥️

🧵🧵👇👇

I am not a financial advisor & please don’t treat any of this as financial advice. Also, please dont think of whatever i say here as gospel or the absolute truth. This is only my perception of the truth.

I am not your Guru.

A little bit of framework/paradigm building up-front, please bear with me.

Here is the 1 tweet summary. 1000s of hours of reading, writing & contemplation.
Then, decades of patience. If we get both the steps roughly right, then some 💰💰.

The first step a Direct Equity investor with little knowledge has to do is to perceive their world accurately.

We do this by seeing interviews by experienced investors, books they're writing & reading company communications.

When we perceive our world through reading & listening, we go from being an investor with little knowledge to an investor with some knowledge. We are building mental models by learning from experienced investors

See how many our investor became :D

Our intuitions often leads us astray. A good reminder: study counterintuitive math and economic results.

Here are 9 of them 🧵

The Birthday Paradox

In a room of 23 people, there's a >50% chance that 2 people share the same birthday.

This type of probabilistic thinking does *not* come naturally to many people.

The Coastline Paradox

Fractal geometry is also confounding:

The coastline of a landmass does not have a well-defined measurement. As the unit of measurement gets smaller (eg. from KMs to cm), the length increases without limit.

Winner's Curse

In an auction, the winning bid will usually exceed the intrinsic worth of an item leading to a significant overpay (and negative net profit for the winner).

Braess's Paradox

Removing an extra road can make everyone's commute time faster.

Why? The existence of a "fast" road leads to congestion because everyone uses it. If you remove the shortcut, traffic flows better.

@_CreatingWealth sure, only request. Plz do not take it negative. Get over metric like PE, even if use it , at least take cash flow based PE. Many times, it would make worst investments attractive n decent one unattractive. It has lot of bias, limitation n constraint. 1 must know before using it

Investing in stocks, startups, crypto, real estate, and whatever else can create a lot of wealth.

That's great.

But truly achieving happiness and success in life starts with one thing:

Investing in yourself 🧵

Our lives often get more hectic the more successful we become.

And it gets more difficult to justify taking the time and energy to invest in ourselves.

Instead we just focus on short term gains in our careers, often at the expense of ourselves.

This is a mistake.

I attribute a lot of my success to continuously making sure I am my best self.

But to do that well, you need to focus.

These are the categories I invest in:
1. Education
2. Physical Health
3. Mental Health
4. Relationships

If I get these things right, I know I am doing well.

1/ Education

For me, learning is about doing. That's why I prioritize having strong mentors.

Investing in your education means paying for experiences, trying new things or skills.

This investment should be in something that will have an impact, not just in knowing more stuff.

2/ Health

Health is finding a way to stay fit as your life style changes over time.

I don't do the same workouts I did in college or even the same ones I did before I had my boys.

If you don't invest in a health routine that matches your lifestyle, it's doomed to fail.