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@SahilBloom @paraschopra @naval @warikoo @FI_InvestIndia
A Thread ๐๐
1.
1/ An Allegory of Finance
— Sahil Bloom (@SahilBloom) July 18, 2020
I have been posting a lot of educational (and humorous!) threads on finance, money, and economics.
My mission is simple: to demystify these concepts and make them accessible to everyone.
All of the threads can be found below. Enjoy and please share!
2.
Circle of Competence 101
— Sahil Bloom (@SahilBloom) January 6, 2021
Warren Buffett and Charlie Munger often reference the importance of knowing the boundaries of your circle of competence.
But what is a Circle of Competence and how does it work?
Here's Circle of Competence 101! pic.twitter.com/KCLwyczlx8
3.
I turned 30 recently.
— Sahil Bloom (@SahilBloom) February 13, 2021
While far from old and wise, I have learned a few things along the way - on life, business, writing, investing, and growth.
Here are a few important lessons learned...
4.
How \U0001f4b8 money works.
— Paras Chopra (@paraschopra) January 6, 2021
(a massive, 100-part thread)
7 meta threads that will help you make decisions that you will never regret!
Applicable in your career, education, relationships, investments and life in general.
1/ The Regret Minimization
The @JeffBezos Regret Minimization Framework is a simple yet powerful mental model for making important decisions and unlocking growth in your career, startup, business, relationships, or life.
— Sahil Bloom (@SahilBloom) February 24, 2021
A short thread on how it works and how it can change your life... pic.twitter.com/krtr2CarxW
2/ Eisenhower Decision
The Eisenhower Decision Matrix is a powerful tool for prioritizing your time and unlocking growth in your career, startup, business, relationships, or life.
— Sahil Bloom (@SahilBloom) February 16, 2021
A thread on how it works and how it can change your life... pic.twitter.com/tSihZV9oyx
3/ Widen your
One of the greatest pitfalls in decision making is NARROW FRAMING.
— Gichuki Kahome (@kahome_steve) March 23, 2021
It is the tendency to define our choices too narrowly.
What\u2019s in the spotlight will rarely be everything we need to make a good decision, but we won\u2019t always remember to shift the light.
4/ Rules of thumb that simplify decision
THREAD: 15 of the most useful razors and rules I've found.
— George Mack (@george__mack) January 16, 2021
Rules of thumb that simplify decisions.
Watch out for top Gainers/Losers from NSE site
https://t.co/rldBIkYzMY
![](https://pbs.twimg.com/media/EylsAvUUYAQ7Nv5.png)
Check if the respective sectoral Index is also among the top performing index.
Here the criterion is met as top gainer as well as sectoral index are matching.
https://t.co/D9lDQ7ieR8
![](https://pbs.twimg.com/media/EylsSHuU4AMgIT6.png)
Check if open interest is also supporting the criterion
https://t.co/eHkCqvcYeC
Here this criterion is also matching as Cipla is showing good rise in open interest among the constituents of pharma index
![](https://pbs.twimg.com/media/Eyls5wgVoAEF42A.jpg)
Finally lookout if the intraday price action is also supporting long entry.
Kindly wait for 1 hour for market to settle & to ensure all above criterions are met.
![](https://pbs.twimg.com/media/EyltEFbVoAQ87g5.png)
Same can be replicated for short entries as well. There are many ways of deciding your own criterion for long/short entries like
1.Rise in Volume & rise in Open Interest.
2.Above previous day's high or below previous day's low.
3.Pivot/CPR/VWAP Etc. for entry/exit.