10 MUST-READ Quotes From the Book: "Think and Grow Rich"

By Napoleon Hill

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Top 20 Most Powerful Quotes From Scientists of All Time

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1.

“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”

― Albert Einstein

2.

"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom. "

― Isaac Asimov

3.

"If I have seen further it is by standing on the shoulders of Giants."

— Isaac Newton

4.

"The good thing about science is that it's true whether or not you believe in it. "

― Neil deGrasse Tyson

5.

"A man who dares to waste one hour of time has not discovered the value of life."

― Charles Darwin

Top 20 Most Powerful Lessons from the book: "Tools of Titans"

By Tim Ferriss (@tferriss)

📘Book Summary

1. "Fear is fake."

F - False
E - Expectations
A - Appearing
R - Real

You have nothing to fear but fear itself.

2. "Tell the truth."

Every time you lie a new reality spawns that you have to keep track of.

Save yourself time, energy and pain by just being honest in the first place.

It'll be worth it, trust me.

3. "Be yourself unapologetically."

We don't need another Elon Musk, LeBron James or Joe Rogan, we need YOU to reach your own unique potential.

Everyone has a gift to give to the world.

Don't forget to unwrap your gift.

4. "You do not need to be qualified."

There are countless people who don't have a degree and are making loads of money.

Many Harvard graduates have been fired by college dropouts.

Top 10 Lessons From the Book: "Skin in the Game"

By Nassim Nicholas Taleb

📘Book Summary

1. "Talk is cheap."

Stop talking about doing things and actually DO THEM.

This world desperately needs courageous individuals, who will take action on their dreams.

Be that person.

2. "Experience vs. Theory."

"We are much better at doing than understanding."

Experience is your best teacher.

We as humans are meant to be DOING THINGS.

Not just theorizing about stuff all day.

3. "Yes or No?"

Every decision can be simplified down to either being for or against something.

No matter the sophistication of the situation, try to boil it down to a simple "YES" or "NO"

4. "Dominance of the Minority."

Most people are passive and don't care enough to debate topics.

This is how books get banned for example.

All it takes is a small minority who are really stubborn to move the needle.

10 Powerful Quotes From the Book: "Zero to One"

By Peter Thiel

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1. “Brilliant thinking is rare, but courage is in even shorter supply than genius.”

2. “Madness is rare in individuals—but in groups, parties, nations, and ages it is the rule,”

3. “The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make them obsolete.”

4. “If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribution.”

10 MUST-READ Quotes From the Book: "12 Rules for Life"

By Jordan Peterson

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1. “When you have something to say, silence is a lie.”

2. “And if you think tough men are dangerous, wait until you see what weak men are capable of.”

3. “You can only find out what you actually believe (rather than what you think you believe) by watching how you act. You simply don’t know what you believe, before that. You are too complex to understand yourself.”

4. “The successful among us delay gratification. The successful among us bargain with the future.”

9 Lessons from 'The Compound Effect' By Darren Hardy

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It is Choice, not Chance, that determines your destiny.

The decisions that you make on a daily basis are the building blocks of your reality.

Good Habits Are The Key To Success

If you want to emerge successful, you need to create habits that enforce ethics, discipline and persistence in your life.

Success is achieved through positive, constructive habits.

Failure is the result of negative, destructive habits.

When you get tempted to engage in destructive habits, ask yourself if the thing you want to do is contributing to your success.

If not, replace it with something constructive.

Patiently Pursue Your Goal

Everyone wants overnight success, but that's just not how the compound effect works.

The truth is, we have to be patient.

Maintain your vision, work towards your target and with patience, you shall ultimately achieve your goals.

1/ There are a ton of books about Financial & Fundamental Analysis, Scuttlebutt and Technical Analysis. But there aren't many books 'taking risk'.

Among the few that exist, 'Zurich Axioms', written in 1985, is the best. Here are my key takeaways from the book.

2/ A bit about Max Gunther's (The Author) background. He was an Anglo-American journalist and writer, who wrote 26 Books.

His father, Franz Heinrich, was the New York Head of Schweizerischer Bankverein, which later merged into the famous Union Bank of Switzerland (UBS).

3/ The 'Zurich Axioms' were a set of unwritten rules followed by a informal group of Swiss Bankers and Traders who used to socialize around Wall Street after World War II. Mr. Heinrich was one of the founding members.

Max Gunter formalied these 'Axioms' by writing about them.

4/ There are 12 'Major Axioms' and 16 'Minor Axioms' (Corollary to the Major Axioms) in the book.

But remember, this is MY key takeaways from the book and not an exact summary. So you might find quotes, phrases and links inserted here and there by me (Not from the Author).

5/ Axiom #1: In order to earn returns, you must take risk. Risk will make you worry.

Risk-taking and worrying go hand-in-hand. If you're not worried about an investment, you're not taking risk.

Spend half your energy towards earning an income and the rest towards speculation.

Best non-fiction books you’ve read on womanhood?

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

7 Life Lessons From The Book "Anna Karenina" by Leo Tolstoy

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1. All that glitters is not gold

When choosing a partner don't be satisfied just with good looks. Loyalty, trust, and ambition play a major role when choosing a partner.

2. Don't rush into marriage

Marrying late is better than marrying the wrong person. Its arguably a smart move, both emotionally and financially.

3. Divorce should be a socially acceptable option

It's true, divorce can have short-term negative consequences on children but recent studies have shown that it's beneficial in the long-run. Divorce is better than lifelong anxiety and negativity.

4. Accept the reality

Fretting over a situation as "fair" or "unfair" is unproductive for the mind. Rather accept the unfair situation and decide on a positive solution elevating you out of the mess.