Some people define themselves based upon how they guess others see them
When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action
Beliefs affect behaviour
Bad behaviour can have detrimental consequences with wealth building
Being aware of your own innocent beliefs is powerful, but only if you apply this knowledge
A thread inspired by @GeorgeDKinder and the @KinderInstitute
Some people define themselves based upon how they guess others see them
When they are convinced that others think poorly of them, such people lack the self-confidence necessary to consistently take action
If some people experience a series of setbacks they assume their goals are not achievable
As any significant effort entails risk, such people are then unable to make significant achievements
The belief that status in life or even potential as a human is determined by luck, fate, or divine intervention, can rob such people of initiative, making them passive as they wait for "luck" to change
Some people believe emotions are caused by external events
In truth, emotions are determined by perceptions of events combined with preconceptions of what those events mean
As perfection is unattainable, people who seek it are simply setting themselves up for disappointment
"Successful perfectionist" = oxymoron
Without a sense of purpose, it's hard to be inspired
Some people believe that it will be possible to know answers to all the big existential questions
When we do not know things we choose to believe them. Mixing up knowledge and believing is very common
Beliefs make it possible for us to survive in a hostile world in which we do not have answers to all that is happening
Experimenting with new behaviour is one way of starting to let go
Accessible: https://t.co/0JPXuDxjv0
~ End ~
More from Finance
I'm lucky to attain financial freedom before 30.
I credit Fintwit for my learnings.
Here's 10 key concepts every investor must know:
1. $$ needed to retire
2. Researching a business
3. Reading annual reports
4. Reading earnings calls
5. Criteria of a multi bagger
(Read on...)
6. Holding a multi bagger
7. Economic moats
8. When to buy a stock
9. Earnings vs cashflow
10. Traits of quality companies
Here's my 10 favourite threads on these concepts:
1. How much $$ do you need to retire
Before you start, you must know the end game.
To meet your retirement goals...
How much $$ do you need in your portfolio?
10-K Diver does a good job explaining what's a safe withdrawl rate.
Hint: It's NOT
2. Research a business
Your investment returns are a lagging indicator.
Instead, your research skills are the leading predictor of your results.
Conclusion?
To be a good investor, you must be a great business researcher.
Start with
3. Reading annual reports
This is the bread and butter of a good business analyst.
You cannot just listen to opinions from others.
You must learn to deep dive a business and make your own judgments.
Start with the 10k.
Ming Zhao explains it
I credit Fintwit for my learnings.
Here's 10 key concepts every investor must know:
1. $$ needed to retire
2. Researching a business
3. Reading annual reports
4. Reading earnings calls
5. Criteria of a multi bagger
(Read on...)
6. Holding a multi bagger
7. Economic moats
8. When to buy a stock
9. Earnings vs cashflow
10. Traits of quality companies
Here's my 10 favourite threads on these concepts:
1. How much $$ do you need to retire
Before you start, you must know the end game.
To meet your retirement goals...
How much $$ do you need in your portfolio?
10-K Diver does a good job explaining what's a safe withdrawl rate.
Hint: It's NOT
1/
— 10-K Diver (@10kdiver) July 25, 2020
Get a cup of coffee.
In this thread, I'll help you work out how much money you need to retire.
2. Research a business
Your investment returns are a lagging indicator.
Instead, your research skills are the leading predictor of your results.
Conclusion?
To be a good investor, you must be a great business researcher.
Start with
1/ Thoughts on Research Process
— Mostly Borrowed Ideas (@borrowed_ideas) September 27, 2021
I was invited to present my research process at a college in the US. I am sharing all ten slides here. pic.twitter.com/z0tjZcogfH
3. Reading annual reports
This is the bread and butter of a good business analyst.
You cannot just listen to opinions from others.
You must learn to deep dive a business and make your own judgments.
Start with the 10k.
Ming Zhao explains it
\U0001f9d0How to Read 10Ks Like a Hedge Fund\U0001f9d0
— Ming Zhao (@FabiusMercurius) May 7, 2021
\u201cFundamentals don\u2019t matter anymore!\u201d I\u2019ve heard this a lot lately on Fintwit.\U0001f644
But, for those who\u2019ve diversify beyond $GME and $DOGE, here\u2019s a primer on what metrics fundamental buy-side PMs look at and why:
(real examples outlined)
\U0001f447 pic.twitter.com/tLlNRvpnDK
