Making the right decision at the right time is critical to success in life.

Here are 4 decision models used by 4 stalwarts - Jeff Bezos, Charlie Munger, Elon Musk and former US president Eisenhower.

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1. Reversibility - Used by Jeff Bezos

Categorizes decisions based on whether they are reversible or irreversible

👉 Reversible - 2 way door: Can go back from decision with less/no cost
👉 Irreversible - 1 way door: If enter once, can't exit (Or the cost is very high)

👉 Reversible: decide quickly without perfect process. Dont take much time.
(This is not to be reckless though)

👉 Irreversible: Decide slowly and take as much information into account as possible

When Bezos was deciding to leave his job at DE Shaw to start Amazon, he thought that he could come back to job if Amazon doesn't work. So it was a reversible decision.

He decided to launch Amazon quickly. He got the first mover advantage and the rest is history!

2. Inversion - Charlie Munger

Instead of thinking what would make you successful, first see what would make you fail. Then remove those things.

If you are following a goal, first see what can kill it for you. Avoid that.

👉 Avoiding stupidity comes before seeking Brilliance

I have made powerpoint presentations in front of Hon'ble Prime Minister, Chief Minister, Cabinet Secretary and top bosses of MNCs. By God's grace, they were always received well.

Some tips for making effective presentations along with tech tools.

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Know your audience

A presentation in front of Prime Minister would not be the same as that infront of your technical team. Even if the topic is the same. Understand the audience and know what they need from the presentation. Plan accordingly

Structure

Some people naturally think in a very coherent way. If you are not one of those, make an outline of the presentation first. Try to get the flow right.

Problem-Solution kind of presentation

State the problem and then tell what you did to solve it. (or going to do)
The 'how' you achieved it should follow after that. This gives more impact

Slides

Make concise slides with few words. The slides should just be cues for you and your audience. Dont put all details in them. Just a few phrases/lines should sufice

How to invest in US stocks?

• Online Brokers
• Taxation
• Yearly Limits
• Online research sites for US stocks

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What are some platforms that allow opening a US investment account?

- Groww
- Interactive Brokers
- Vested
- many others

You may like to read reviews online before opening an account with any provider.

Is there a statutory limit on investment?

As Indian resident, RBI’s Liberalized Remittance Scheme lets you remit upto $250,000 per year, per person. Above that, permission from RBI is required.

What are the capital gains tax on foreign stocks?

- US doesn't tax capital gains for us. However, tax applicable in India.

LTCG:- applicable if held above 24 months. Taxed @20% with indexation benefit
STCG:- if held for less than 24 months, Taxed at your income tax slab rate

What is the tax on dividends earned?

- Dividends taxed at flat 25% in US
- Also taxable at your income tax slab rate in India
- As per Double Tax Avoidance Agreement, tax withheld in US offsets tax liability in India

So tax to you is 25% or your tax rate, which ever is higher