2/6 #TheChineseBamboo
The seeds require to be nurtured with love and care for no less than 5 years without showing any results. The first 4 years solely consist of nurturing & tending with NO SIGNS OF GROWTH. But the farmer goes about his job out of habit .+
3/6 In the 5 th yr all of a sudden it begins its exponential growth & shoots to over 90ft in just 6 weeks.
Miraculous , ain't it? π
The farmer tends without knowing the outcome every single day with the same amount of love & concern .He never gives up. He keeps his habit.
+
4/6 Lessons learnt 1) Fundamentals matter. Our survival & success depend on the depth of our roots . 2) One must persevere no matter what. Persistence pays off.
3)Habit or Hope?
I would say both .We need to have faith in ourselves & keep putting in our reps. #Iterations matter +
5/6 Let us plant our #dream & do all that is required for it to become a reality whilst we hope and hone our habits.
"YOU LEARN SOMETHING VALUABLE FROM ALL THE SIGNIFICANT EVENTS & PEOPLE ,BUT YOU NEVER TOUCH YOUR TRUE POTENTIAL UNTIL YOU CHALLENGE YOURSELF " - Roy T Bennett +
6/6
May we all grow like the Chinese Bamboo tree !! π
ONWARDS AND UPWARDS !!
The link to the longer version( on my blog page) is bit.ly/3hT4UfB.
A book that must be read by all direct equity investors but will be appreciated & understood by a few, that too only after witnessing an entire cycle play out in markets.
Few of my takeaways from this π by Howard Marks.
ππ½
2/30
To consistently beat the market,
You either need a ton of luck or superior insight & awareness of psychology.
Because investing is at least as much of an art as it is a science, it is essential that one's investment approach be intuitive & adaptive always.
3/30
All investors can't beat the market, since collectively, they are the market.
Stellar returns majorly come from correct non consensus forecasts.
Here Second Level Thinking matters immensely.
And the number of people capable of it is tiny.
Weekends used to consist of watching episodes of Mahabharata , Ramayana,Mogli ,He Man and the likes.
We danced clumsily to the 90's Indi Pop songs & thought WWF was real.
We created so many memories with hardly any photos thanks to the 32 film roll. π
3/10
Small things like a top , marbles , a rubber ball , or even a piece of cake with some frosting ( there was no concept of black forest cake ) used to make us insanely happy.
We valued each & every possession of ours.
And somehow never craved for more ...
A brilliant no frills book that offers a framework for thinking about how to improve your decision making , along with a set of tools that help execute it.
A few of my takeaways from this gem !
2/18
There are only 2 things that determine HOW your life turns out : LUCK & QUALITY OF DECISION MAKING.
We have some control over only one of those two things.
When you make better quality decisions, you increase the chances of good things happening to you.
3/18
Our objective is to choose an option that gains most ground in achieving our goals.
Sometimes which entails the least risk.
Thereby we examine the quality of the beliefs informing the decision,the available options & try to envisage the future based on our choices.