A THREAD on some insightful thoughts about Investing & Financial Independence by Rohit Chauhan (@rohitchauhan) Sir:
1/
The unfortunate reality of markets is that the last one to panic loses the most. So if you must panic, do it early or else don’t.
2/10
Investing is such a solitary activity where you are fighting your own bias and lack of knowledge; that it is amazing to see people argue and fight with others about the merit of their investment ideas.
Other than preserving your ego, what good can defending your ideas do?
3/
Thank god, my parents did not do a DCF on me like a lot of investors do in their analysis. Negative free cash flow during investment phase (school & college) & conclude my NPV was -ve. Good thing there is no way to short your kids. U are forced to be long & hope for the best.
4/10
It's a privileged life if one of the main worries in life is how to beat the market.
Less than 0.1% of humanity has this worry. It is the highest of high class problem.
5/10
25x is a good threshold for financial independence, where x is annual expenses.
Focus on fulfillment and not money beyond that. If you still chase money, then it’s not the money you are after.
