1/6
Good morning everyone!! 🌞
Here is a small thread on a beautiful #allegory based upon the Chinese Bamboo .

An allegory that teaches us #patience,#persistence,#hope,#habits, #Growth & Life in general.

1/16
Was reading upon #Biases & learnt a lot. Thought of sharing a few pointers .
Simply put Bias is a disproportionate weight in favour of or against any idea/thing in all aspects of life.
Few types of Biases ( out of the many) with not so random images. :)
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2/16
The #DunningKruger effect now is fairly well known , wherein people with limited knowledge overestimate their competence, whilst the actually knowledgeable question themselves often .
"Ignorance more frequently begets confidence than does knowledge".
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3/16
*#SelfServingBias*
A very interesting bias wherein we credit our successes to purely ourselves, but when things go awry we cite luck & external forces .
Rings any bells?
Basically a defence mechanism to protect our self esteem & eventually from personal responsibility.

4/16
* #ConfirmationBias *
We all favour ideas & beliefs that affirm to our existing ones' , rarely being open to contradictory opinions .
(Especially in markets !! 😬) Why?

Laziness? Mental block? Ego ?
No wonder, Birds of a feather flock together ... 😉

5/16
* #SunkCostBias *
As we know, sunk costs are irrecoverable , regardless of outcomes. (Eg Money expended towards R&D for a molecule which doesn't work out)
But this actually extends in any investment we make - Time,Money, Effort, Relationships ...😏
Interesting right?

1/6
* #Gratitude*
I keep a "memory jar" for each year wherein I write in brief the best moments of my life & lessons learnt. Even a small event which taught me something goes in it .
I strongly believe in " No regrets, only lessons learnt ".
( That's handpainted by me! :) )
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2/6
Occasionally when I have a rough day or when I am elated , I go through the chits one by one savouring the lessons learnt . It keeps me grounded. Makes me realise I am blessed to have had so many #memories & grown as a person and that life is beautiful !! 😇
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3/6
Things that happen to us, just happen. It is we who perceive it to be good or bad as per our emotions at play. It is then that practising gratitude becomes of utmost importance for we need to realign our thoughts towards #positivity& #contentment & steer away from negativity.

4/6
Life can be cruel but it is also beautiful if we learn to be thankful.
Are we thankful for the hot food on our plate ? Did we realise we can see the beauty of nature only due to the gift of vision bestowed upon us? Are we thankful each day for having a sound mind?

5/6
Let's stop complaining about all that we don't have and instead focus on all that we are fortunate to have !! For no matter how difficult our life seems for us , let's remember there will ALWAYS be someone who would gladly switch places with us and live our life happily!

1/21
Good books are a smooth read.
The great ones aren't.

Why so? 🤔

They force you to pause,to reflect & think hard.
They make you question yourself.

Sharing few of my takeaways from one such exceptional book of 2021.

Thank you @naval & @EricJorgenson for this ! :))

A 🧵

2/21
🔹Productize Yourself

Meaning,
Leverage specific knowledge -> Scale it -> Get wealthy.

Takes decades as one needs time to figure out what they can UNIQUELY provide.

But FIND & BUILD SPECIFIC KNOWLEDGE for it can't be taught & can only be learnt.

More here
👇

3/21
"The best jobs are neither decreed or degreed.They are creative expressions of continuous learners in free markets."

Be a perpetual learner.
Know HOW to learn.

Foundations are the key.
They help learn HOW & HOW MUCH.
Club this with Authenticity to create something unique.

4/21
🔹Play long term games with long term people

🔹99% effort is wasted.
However they are not a waste.
These are merely learning experiences that delve deep into our psyche & become a piece of what we currently are.

Same goes for the books we read, the activities we pursue!

5/21
"If you don't own a piece of business, you don't have a path towards Financial Freedom."

Ownership matters. Put that money to work sensibly. Let it compound too.

"Forget rich vs poor, white collar vs blue.
It is now Leveraged vs Un-leveraged."

Elaborated here
👇

Please name one of your "Must Read" books explaining why ( in 1 tweet itself).

Any genre is welcome. 😌

#BookTwitter
#BookRecommendations

20 Timeless Financial Lessons from the book:

"THE PSYCHOLOGY OF MONEY"

– Thread –

1. Our current relationships with money are based on our past experiences & We should avoid living in that illusion.

2. One can be wealthy without superior intelligence of financial education. You just need right behavioral skills.

3. Both luck & risk are an integral part of finance.

You can make good decisions that lead to poor financial outcomes vice-versa.

4. Saying “enough” is realizing that an appetite for more will push you to the point of regret.

5. Financial success is less of a science & more of a soft skill.

6. Buying impressive items to gain admiration & respect from others is a fool’s pursuit~ These things can not be bought.

7. Don’t move your goalpost to suit your current needs.

Once you have more money & power. It's easy to get lost in ambition so stick to your goal.

8. There are certain things which are never worth taking a risk like Character, Family, Friends & Freedom, Happiness.

21 books that will make you a millionaire this decade 📚

...And a happy one. ☀️

Pair with action; knowledge without embodiment is useless

THREAD //

1. Atomic Habits, @JamesClear

“Every action you take is a vote for the type of person you wish to become.

No single instance will transform your beliefs, but as the votes build up, so does the evidence of your identity.”

2. The Daily Stoic, @RyanHoliday

“Never be so tied to your former acquaintances and friends that you are pulled down to their level.

You must choose to be loved by these friends and remain the same person or become a better person at the cost of those friends”

3. Navalmanack, @naval

“Seek wealth, not money or status.

Wealth is having assets that earn while you sleep.

Money is how we transfer time and wealth.

You will never get wealthy renting out your time.”

4. Turning Pro, @SPressfield

“Fear is the primary color of the amateur.

Fear of failure. Fear of success. Fear of looking foolish. Fear of underachieving.

The amateur fears that if he turns pro and lives out his calling, he will have to live up to who he really is.”

Reading is to the mind what exercise is to the body.

But nowadays, let alone buying a #book, it takes a lot of effort to even finish what we had started because of our hectic schedules.

To solve this, @elearnmarkets brings you best #finance book summaries, all in one place!

🔖One Up On Wall Street by Peter Lynch

This book provides a holistic knowledge of investing in stocks. The author discusses how to use what you already know to make money in the market. It serves as an extensive guide for investors. Read more:

🔖Think and Trade Like a Champion by @markminervini

The book will show you how to increase your returns while keeping your risk to an absolute minimum. Mark reveals his personal trading rules that made him super successful stock trader.

Read more:

🔖Trading in the zone by Mark Douglas

Douglas uncovers the underlying reasons for lack of consistency & helps traders overcome ingrained mental habits that cost them money. He exposes the myths of the market, to look beyond random outcomes.

Read more:

🔖Rich Dad Poor Dad by @theRealKiyosaki

Robert Kiyosaki developed his unique economic perspective from two very different influences. He speaks about the monetary problems experienced by his poor dad and the life experiences of his rich dad.

Read more:

15 sentences to make you more productive:

(from the book THE ONE THING)

1.

"Extraordinary results are directly determined by how narrow you can make your focus… when you spread yourself out, you end up spread thin."

2.

"The path to more is through less."

3.

"Activity is often unrelated to productivity.
Busyness rarely takes care of business."

4.

"Things don’t matter equally.
Success is found in doing what matters most."