10 Lessons from What It Takes To Be Free

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If you're still in your 20s, read this:

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7 Quotes from 7 Habits of Highly Effective People

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1)The significant problems we face cannot be solved at the same level of thinking we were at when we created them.

2)Things which matters most must never be at the mercy of the things which matter least.

3)What lies behind us and what lies before us are tiny matters compared to what lies within us.

4)HABITS

100 Books To Read In 2022

1)Atomic Habits
2)Deep Work
3)The Almanack of @naval Ravikant
4)Sapiens
5)Can't Hurt Me
6)The Psychology of Money
7)Think Like A Monk
8)Steve Jobs
9)A Calendar of Wisdom
10)On the shortness of Life
11)Do Epic Shit
12)12 Rules For Life

13)Man's Search For Meaning
14)A Short History of Nearly Everything
15)The Four Agreements
16)The Power of Habit
17)21 Lessons for 21st Century
18)Homo Deus
19)Alchemist
20)War and Peace
21)Factfulness
22)The Lessons of History
23)The Power of Now
24)I Will Teach you to be rich

25)Einstein
26)Autobiography of Yogi
27)Leonardo da Vinci
28)Benjamin Franklin
29)Why We Sleep
30)5 am club
31)Built to Serve
32)The Go Giver
33)Meditations
34)Ego is the enemy
35)Stillness is the key
36)Lives of the stoics

37)Grit
38)The Everything Store
39)Measure what Matters
40)Everything is f
41)Crime and Punishment
42)Talk Like Ted
43)Who Moved my Cheese?
44)Beyond Order
45)The Dip
46)Limitless
47)The Rational Optimist
48)48 Laws of Power

10 Documentaries That Will Change Your Life

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2)The Minimalists: Less Is

3)The Playbook: A Coach’s Rules for

4)Abstract: The Art of

5)Tidying up with Marie

20 Documentaries to Watch In Your 20s

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2)Genius

3)Man on Wire

4) Our Planet

5)A Life On Our Planet

@lalitinvestor Reason for this is lack of #Financial Literacy.

Hence we tell all retail investors, especially new ones to read some of these books and learn basics before investing or trading in #Stocks.

📚 available on https://t.co/zskR7qBBX5

10 Life-changing Lessons From the Book “The Art of the Good Life”

⚡️Book Review⚡️

- By Million-selling author of The Art Of Thinking Clearly

1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

👉Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

👉The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

👉Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

👉Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.

12 Best Quotes from the Book “The Obstacle Is the Way”

⚡️Book Review⚡️

1. “Whatever we face, we have a choice: Will we be blocked by obstacles, or will we advance through and over them?”

2. “There is no good or bad without us, there is only perception. There is the event itself and the story we tell ourselves about what it means.”

3. “Focusing exclusively on what is in our power magnifies and enhances our power.”

4. “Our perceptions determine, to an incredibly large degree, what we are and are not capable of. In many ways, they determine reality itself.

👉When we believe in the obstacle more than in the goal, which will inevitably triumph?”

Marathon Asset produced several iconic investors such as Nick Sleep and Jeremy Hosking.

Their letters from 2002 to 2015 provided a treasure trove of insights into their investment frameworks and how they look at the capital cycle.

Here are my main takeaways:

1/ Periods of high profitability leads to reckless investments.

When profits are high:

-Boost CAPEX with little regard for ROIC
-Competitors will follow suit to avoid losing market share
-CEO's incentives aren't aligned with shareholders

It's a race to the bottom.

2/ The capital cycle will swing down when investments are taken too far.

Forecasts that were reasonable will now look overly optimistic.

Profits collapse, management teams are changed, CAPEX is cut, and consolidation begins.

This will pave way for a recovery of profits.

3/ Asset growth matters

Consider both asset growth at the company and industry level.

Avoid industries where assets are growing rapidly.

4/ We tend to extrapolate

When overdone, investments that appear logical at first can become disastrous.

We have a tendency to forecast linearly when many things are cyclical.

Examples: trade cycles, credit cycles, etc

1/25

Some books within minutes , force you to ditch the e-version of kindle & buy the hard copy instead !🙂

The Joys of Compounding is one such 💎
Content ( Curation + Creation ) at its finest !

Compressed JUST A FEW takeaways in this 🧵

#BookTwitter
#BookRecommendation

2/25
Invest in yourself. Read.
Self educate. Think in isolation !

Everything in life can teach you when you possess the right mindset.
Read across a wide spectrum,for the scenes change but the behaviours & outcomes don't.

How to go about #READING & #THINKING effectively.
👇

3/25

First Principles Thinking requires us to delve deeper & question everything until one is left with the fundamental truth in essence.

Deconstruct to effectively
Reconstruct ! ( Both in times of Greed & Gloom )

How to apply it to the field of #ValueInvesting
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4/25
Know the difference between Being Rich & Staying Rich.

Quite a few become rich , FEW maintain it - For it requires humility , gratitude & a constant learning mindset.

Think probabilistically.
Consume content wisely.
Apply #LindyEffect to learning.

Some pointers
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5/25
Some #TimelessWisdom

Don't sulk on missing out on trophies or fame.
Enjoy life's tiny delights .There are plenty for all of us !

For one day when we look back we shall realise that it was the little things that mattered the most ! 🙂
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