Atomic Habits by @JamesClear week-3
Not good at mind maps but will try to use them to understand context.
#WeekendReading
#LearningTogether
1. Sharing the chapter wise outline of the book once again.
2. Chapter-3
How to build better Habits in 4 simple steps.
3 Habit formation is incredibly useful because the conscious mind is the bottleneck of the brain.8 It can only pay attention to one problem at a time. As a result, your brain is always working to preserve your conscious attention for whatever task is most essential.
4 Whenever possible, the conscious mind likes to pawn off tasks to the nonconscious mind to do automatically.9 This is precisely what happens when a habit is formed. Habits reduce cognitive load and free up mental capacity.
5 Habits do not restrict freedom. They create it.
6 The four laws of behaviour change
How to create a good habit
7 The four laws of behaviour change
How to break a bad habit
8 The First Law- Make it Obvious
9 We underestimate how much our brains and bodies can do without thinking. You do not tell your hair to grow, your heart to pump, your lungs to breathe, or your stomach to digest. And yet your body handles all this and more on autopilot. You are much more than your conscious self
10 The best way to start a new habit
11 Implementation intention is a plan you make beforehand about when and where to act. That is, how you intend to implement a particular habit.
12 People who make a specific plan for when and where they will perform a new habit are more likely to follow through.7 Too many people try to change their habits without these basic details figured out.
13. Many people think they lack motivation when what they really lack is clarity. It is not always obvious when and where to take action. Some people spend their entire lives waiting for the time to be right to make an improvement.
14 Being specific about what you want and how you will achieve it helps you say no to things that derail progress, distract your attention, and pull you off course. We often say yes to little requests because we are not clear enough about what we need to be doing instead.
15 One of the best ways to build a new habit is to identify a current habit you already do each day and then stack your new behavior on top. This is called habit stacking.
16. Strategies like implementation intentions and habit stacking are among the most practical ways to create obvious cues for your habits and design a clear plan for when and where to take action.
17. Motivation is often overrated; Environment often matters more.
18 If you’re overweight, a smoker, or an addict, you’ve been told your entire life that it is because you lack self-control—maybe even that you’re a bad person. The idea that a little bit of discipline would solve all our problems is deeply embedded in our culture.
19 Recent research, however, shows something different. When scientists analyze people who appear to have tremendous self-control, it turns out those individuals aren’t all that different from those who are struggling.
20 Instead, “disciplined” people are better at structuring their lives in a way that does not require heroic willpower and self-control. In other words, they Spend Less Time in TEMPTING SITUATIONS.
21 In the short-run, you can choose to overpower temptation. In the long-run, we become a product of the environment that we live in. To put it bluntly, I have never seen someone consistently stick to positive habits in a negative environment.

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More from @IMRiskManager

13 Jun
Re-reading The Universal Principles of Successful Trading by Brent Penfold
Will be sharing my earlier tweets on it.
#WeekendReading
#LearningTogether
1. If you function only in an environment of certainty & security, like being in a secure relationship or secure job, then trading is not for you.
2. If you are an intellectual who rarely admits to being wrong, then trading is not for you, as the markets have a regular tendency to belittle you and make you wrong.
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Sapiens- A Brief History of Humankind by Yuval Noah Harari
Week-1
#WeekendReading
#LearningTogether
1 How did our species succeed in the battle for dominance? Why did our foraging ancestors come together to create cities? How did we come to believe in gods, nations & human rights; to trust money, books & laws; & to be enslaved by bureaucracy, consumerism & pursuit of happiness?
2 ABOUT 13.5 BILLION YEARS ago, matter, energy, time and space came into being in what is known as the Big Bang. The story of these fundamental features of our universe is called physics.
Read 53 tweets
18 Jan 19
Introducing Statistics- A Graphic Guide by Eileen Magnello
Week-1
#WeekendReading
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1 The word “statistics” is derived from the Latin status, which led to the Italian word statista, first used in the 16th century, referring to a statist or statesman – someone concerned with matters of the state.
2 It was the Scottish landowner and first president of the Board of Agriculture, Sir John Sinclair (1754–1834), who introduced the word “statistics” into the English language in 1798 in his Statistical Account of Scotland.
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6 Jan 19
Trying to understand the Macro, The Big Picture of the Markets.
A bird's eye view of the fundamentals.
Purpose of the thread is to consolidate interviews/opinions at one place.
#Macro
#TheBigPicture
#Fundamentals
RBI is likely to stay on hold, as inflation is likely to remain within its medium-term target of 4%, India's GDP growth to remain robust in 2019, supported by tailwinds from recent policy reforms (GST and bankruptcy code implementation)

economictimes.indiatimes.com/markets/stocks…
Global growth will moderate. Developed markets will slow but emerging markets will stabilize. The Federal Reserve is expected to pause in the middle of this year. US dollar has peaked and EM inflation is at a 15-year low. EMs are in a better shape.

moneycontrol.com/news/business/…
Read 18 tweets
4 Jan 19
Atomic Habits by @JamesClear week-4
This book is taking longer to finish but for all the right reasons.
Reading a book is 1 thing but applying what u learn from it is quite another but this time its different. Have made so changes, incorporated new routines so no hurry to finish
1. The 2nd Law of Behavior Change is make it attractive.
The more attractive an opportunity is, the more likely it is to become habit-forming.
2. Habits are a dopamine-driven feedback loop. When dopamine rises, so does our motivation to act.
When it comes to habits, the key takeaway is this: dopamine is released not only when you experience pleasure, but also when you anticipate it.
Read 19 tweets
21 Dec 18
Atomic Habits by @JamesClear week-2
(Have initiated a few changes in the routine following the principles of this book, so far so good. Hope they will turn into part of habits)
#WeekendReading
#LearningTogether
1. It’s not about any single accomplishment. It is about the cycle of endless refinement and continuous improvement. Ultimately, it is your commitment to the process that will determine your progress.
2 If you’re having trouble changing your habits, the problem isn’t you. The problem is your system. Bad habits repeat themselves again and again not because you don’t want to change, but because you have the wrong system for change.
Read 26 tweets

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