8 Insightful Lessons From the Book "10% Happier"

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15 Must Read Books That Will Change Your Life :

1. Atomic Habits

2. Deep Work

3. The Power Of Habit

4. The Psychology Of Money

5. Mindset

7 Powerful Lessons from the Book "Skin in the Game"

By Nassim Nicholas Taleb

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1. "You will never fully convince someone that they are wrong; only reality can.

To be precise, reality doesn’t care about winning arguments; survival is what matters."

2. "Focusing on just words put us at a dangerous path since we are much better at doing than understanding. Doers win by doing and not by convincing."

3. "Don’t take advice from people who don’t have skin in the game, i.e., be aware of the person who gives advice, telling you that a particular action is good for you and while it’s also good for him or her. While the harm directly affects you and not him."

4. "You don’t want to win an argument; you want to win whatever you’re after money, goals, convertible car."

7 Powerful Lessons from the Book "Skin in the Game"

By Nassim Nicholas Taleb

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1. "You will never fully convince someone that they are wrong; only reality can.

To be precise, reality doesn’t care about winning arguments; survival is what matters."

2. "Focusing on just words put us at a dangerous path since we are much better at doing than understanding. Doers win by doing and not by convincing."

3. "Don’t take advice from people who don’t have skin in the game, i.e., be aware of the person who gives advice, telling you that a particular action is good for you and while it’s also good for him or her. While the harm directly affects you and not him."

4. "You don’t want to win an argument; you want to win whatever you’re after money, goals, convertible car."

8 Powerful Lessons from the book "Antifragile"

1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility
- The FRAGILE is harmed (think a glass)
- The ROBUST is unchanged (think The Phoenix)
- The ANTIFRAGILE gets better (think The Hydra)

2. Via Negativa:

Removing is superior to Adding

- Less can be More
- Don't add, subtract
- Eliminate the Artificial
- Eliminate the Unnatural
- Eliminate the Unnecessary
Apply these in all areas of your life.
When in doubt, SUBTRACT

3. Absence of evidence is NOT evidence of absence"

Just because...
- you can't see something doesn't mean it's not there
- something is unintelligible doesn't mean it's unintelligent
- you can't explain something doesn't mean it's not important

-->Have HUMILITY

4. If you have more than one reason to do something, just don’t do it.

It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions require no more than a single reason.

8 Powerful Quotes From The Book "Letters from a Stoic" by Seneca

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1. "If you live in harmony with nature you will never be poor; if you live according what others think, you will never be rich."

2. "Enjoy present pleasures in such a way as not to injure future ones."

3. "It is not the man who has too little that is poor, but the one who hankers after more."

4. "Associate with those who will make a better man of you."

"21 of the wisest things ever said on the Internet"

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1. "If you want to make the wrong decision, ask everyone."

@naval

2. "Spending money to show people how much money you have is the fastest way to have less money."

- The Psychology of Money, @morganhousel

3. “Remember: we don't control what happens, we control how we respond”

@RyanHoliday

4. “You only need to know the direction, not the destination.

The direction is enough to make the next choice.”

@JamesClear

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

#NowReading #ShoReadingList

10 Fiction Books to transform your 20s.

➤ Siddhartha

”Wisdom cannot be imparted. Wisdom that a wise man attempts to impart always sounds like foolishness to someone else.”

There’s a lot you can learn from the internet, but you’re not learning if you’re only consuming.

Create something. Learn by doing.

➤ The Alchemist

”When you want something, all the universe conspires in helping you to achieve it.”

When you want something enough, it will always be on your mind.

Suddenly you'll see way more opportunities than you did before.

Figure out what you want and watch doors open.

➤ The Sorrows of Young Werther

”All the knowledge I posses everyone else can acquire, but my heart is exclusively my own.”

Learning a skill is the first step, but positioning is what makes the difference between competition and monopoly.

Find the niche that suits you most.

➤ Kafka on the Shore

”What you need to do is move from reason that observes to reason that acts.”

Watching others realise their dreams will make you informed at best and envious at worst.

Start your journey from consumer to creator (w/ @The1stReporter) and don't look back.

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 🧵

#BookTwitter
#BookRecommendations

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.
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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
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