20 Timeless Financial Lessons from the book:

"THE PSYCHOLOGY OF MONEY"

– Thread –

#KOTAKBANK
The harmonics pattern is now active below Point B~ 1782.80
Follow through might be seen towards Point D.

#StocksInFocus

#TATAPOWER Monthly Log chart
Above 145.80; A strong upside might get unlocked towards 240.

#StockMarket #StocksToWatch

#SIEMENS
Though a swift breakout of trendline has taken place, The harmonic pattern is yet to get active above 2434.10

1/28

The Courage To Be Disliked is an extremely logic oriented look at happiness and life.

Snippets of it may sound patronising at times but it leaves you with more questions than answers - It forces you to think!🙂

Some takeaways via a 🧵..

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#BookRecommendation

2/28
The world in itself is simple. Life in itself is simple.

It is WE who make it complicated.

How ?
By Comparison.

We all live in a subjective world that we OURSELVES have given meaning to from OUR perspective.

So how can then they be the same for all ? 🙂

3/28
Ever observed how the world seems beautiful at times , sometimes mean & selfish , at times helpful ?

So does the world actually keep changing or does our subjective world change due to the change in our projections ? 🤔

Something worth reflecting upon !
👇

4/28

Not everyone who has faced trauma / calamity as a child grows up to become a bad person.

We determine our own lives as per the meaning we give those past experiences.

WE decide HOW we live - In constant conflict or at peace.

How have you decided to live your life? 🤔

5/28
What differentiates us humans from machines is primarily the fact that we possess Emotions.

Each emotion is merely a tool .
It can be used effectively or in a detrimental way.

But then again , what is effective and what is detrimental is all subjective ,ain't it ? 🙂

10 Insightful Lessons From the Book ”Man’s Search For Meaning”

(Over 12 Million Copies Sold)

⚡️Book Review⚡️

1. He who has a why to live for can bear almost any how.

✅You will be able to face hard times way much easier if you manage to find meaning for your life.

2. You can adapt and get used to literally any condition.

It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.

🔴 Stepping out of our comfort zone will make us understand how further we can actually push our limits.

3. Have courage to accept the things you can’t control.

While being high in self-control is important in achieving our goals, we must not waste our time with things we can’t control.

👉What matters is how we react to situations that are beyond our control.

4. Avoid thinking about success

If you focus on making success your target, you are more likely to miss it.

✅Dedicate your time and effort to a vision that is more significant than yourself, and let success becomes a by-product of this dedication!

10 Powerful Lessons From The Book "101 Essays that will Change the way You Think"

//Thread//

1. More Is Not Better✅

Happiness is not about experiencing more of something.

It's about experiencing what you love in new and interesting ways.

2. Embrace Fear✅

You assume happiness is good, and fear is bad.

Fear is an indicator that you're doing something worthwhile.

Change your story around fear. Bad feelings are not always bad.

3. Seek New Experiences✅

It's difficult to change your beliefs through thought alone.

Seek new and novel experiences that make new beliefs real to you.

4. Problems Are Pathways✅

You view problems as roadblocks to your success. Truth is, they're pathways.

"What stands in the way becomes the way."
- Marcus Aurelius

1/22
I first read this book in 2009 after losing 80% of my monies on Penny stocks as a student when the 2008 drawdown happened.

Thought it was too simple !

Now in 2021, I think this is one of the best books to absorb & implement.

A 🧵

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2/22
Investing means different things to different people - Be it health/ career/external assets with an intent to reap benefits in future.

So then is everyone an Investor ?
No.
When people do different things with even same investment products we give it a different name.
👇

3/22
Investing is a PERSONAL Plan .
It's NOT a product . NOT a procedure.

One needs to have a clear picture of one's financials BEFORE making an investment plan.

Investment products comprise of items with distinct characteristics DESIGNED to satisfy a particular need.
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4/22
Nothing is permanent except CHANGE.
Same applies for market cycles.
Different Asset Classes help us in that.

By smart movement one can increase the velocity of one's money.

It is NOT about timing the markets.
It's ABOUT the trends in an asset class.

Few pointers
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5/22
Many folks acquire Speculative habits mistakenly thinking they are Investing. ☠️

L.T Investing is central for optimum returns.
Markets will be volatile.
But in long run shall only go ⬆️

Some notes on Cash Flow & Capital Gains Model , Speculation & Law of The Farm
👇

12 Top Lessons From "Deep Work"
A Book by #CalNewport

📙Book Summary (THREAD)

1. Deep Work

This is similar to the "flow" state that many psychologists references.

Newport defines deep work as, "the professional activities performed in a state of distraction-free concentration that pushes your cognitive capabilities to their limit".

Deep vs. Shallow:

2. Only Four Hours

Newport states that you can only do about four hours of deep work every day.

This isn’t a matter of concentration or practice; it’s a matter of human biology and psychology.

Think of your mind as a muscle. You can Stretch it to the theoretical 4 hour limit.

3. Deep Workers Win

Deep work consistently provides better results & a more excellent portfolio of work than traditional labor and strategies.

Emphasizing deep work and doing all you can to make this time as productive as possible will yield fantastic dividends in the long run

4. The Maker is Becoming More Important

Newport suggests that culture is shifting to celebrate the "maker" or the deep thinker.

This trend is most visible within pop-culture and content creation as people find their unique voices and reach wider audiences.