Do more. Think less.
Whenever thinking is a byproduct of an activity (like observing, seeing, reading, writing, listening, talking, etc) it yields far better results than when thinking is your main activity.
Let’s look at the field of investment from this angle.
A thread
Whenever thinking is a byproduct of an activity (like observing, seeing, reading, writing, listening, talking, etc) it yields far better results than when thinking is your main activity.
Let’s look at the field of investment from this angle.
A thread
1/
When you come across any investment idea, your monkey mind jumps to conclusions by thinking instantly without doing the work.
This initial bias has a lot of influence over your analysis from thereon.
That is the time you should tell yourself.
Do more think less.
When you come across any investment idea, your monkey mind jumps to conclusions by thinking instantly without doing the work.
This initial bias has a lot of influence over your analysis from thereon.
That is the time you should tell yourself.
Do more think less.
2/
The next question which pops up is. Do what?
Slow Down. Don’t think if the idea is good or bad.
Just Observe.
Start with observing the environment.
Qns worth asking
~Is it the right industry to be in?
~Can I understand the business?
~Does it look sustainable?
The next question which pops up is. Do what?
Slow Down. Don’t think if the idea is good or bad.
Just Observe.
Start with observing the environment.
Qns worth asking
~Is it the right industry to be in?
~Can I understand the business?
~Does it look sustainable?
3/
Next Step. See-through the mountain of information.
You cannot read up all of them. Right?
See or skim through & decide which ones are important.
Seeing & Listening can be done simultaneously when you watch video content.
Next Step. See-through the mountain of information.
You cannot read up all of them. Right?
See or skim through & decide which ones are important.
Seeing & Listening can be done simultaneously when you watch video content.
4/
Why listening is important?
Why just reading, is not enough?
When you listen to someone who is talking about his businesses, industry or company’s culture.
You get more data points for your research. Reading an MD’s letter & listening to his speech is not the same thing.
Why listening is important?
Why just reading, is not enough?
When you listen to someone who is talking about his businesses, industry or company’s culture.
You get more data points for your research. Reading an MD’s letter & listening to his speech is not the same thing.
5/
When many aspects can be covered in the listening & watching part, what is the contribution of reading?
Reading is one activity where intuitively the process is slower than in the case of listening & watching.
Reading probably has a higher retention power than listening
When many aspects can be covered in the listening & watching part, what is the contribution of reading?
Reading is one activity where intuitively the process is slower than in the case of listening & watching.
Reading probably has a higher retention power than listening
6/
If u spend 30 mins each to reading a concall transcript & listening to the call, odds are that u will retain more of what u read than what u listened.
Exceptions aside, our concentration is better when we read than when we listen or watch.
Reading demands more effort.
If u spend 30 mins each to reading a concall transcript & listening to the call, odds are that u will retain more of what u read than what u listened.
Exceptions aside, our concentration is better when we read than when we listen or watch.
Reading demands more effort.
7/
Now comes the writing part.
How many of you faced this during school exams?
You had trouble remembering what was written in the book, but you could easily remember what you wrote on the sidelines on the pages of the book.
Now comes the writing part.
How many of you faced this during school exams?
You had trouble remembering what was written in the book, but you could easily remember what you wrote on the sidelines on the pages of the book.
8/
Similarly, when you read an AR or an industry report, making your own notes makes sense.
By writing your own points you make the text your own and give them your meaning which is easier to remember and recall.
So writing has an even better retention rate than reading
Similarly, when you read an AR or an industry report, making your own notes makes sense.
By writing your own points you make the text your own and give them your meaning which is easier to remember and recall.
So writing has an even better retention rate than reading
9/
Now comes the last piece of the puzzle.
Speaking.
We all know that writing helps us clear a lot of blind spots on any subject we take up.
Speaking, however, is a few notches above writing on that aspect.
You cannot speak well if you don’t know well about the subject.
Now comes the last piece of the puzzle.
Speaking.
We all know that writing helps us clear a lot of blind spots on any subject we take up.
Speaking, however, is a few notches above writing on that aspect.
You cannot speak well if you don’t know well about the subject.
10/
If anyone asks u abt ur views on a business u will speak well only if u have taken the following steps
~Observing
~Seeing through the info & decide the ones to deep dive
~Listening & watching what’s available & imp
~Reading abt the company
~Writing ur thoughts
If anyone asks u abt ur views on a business u will speak well only if u have taken the following steps
~Observing
~Seeing through the info & decide the ones to deep dive
~Listening & watching what’s available & imp
~Reading abt the company
~Writing ur thoughts
11/
In fact, you can randomly pick companies from your watch list, and speak about them to your friends.
If you had done the hard work, you would not find it tough to speak for half an hour on the same. If you can’t go beyond 5-10 mins, you know very little about it.
In fact, you can randomly pick companies from your watch list, and speak about them to your friends.
If you had done the hard work, you would not find it tough to speak for half an hour on the same. If you can’t go beyond 5-10 mins, you know very little about it.
12/
Now take a step back and go through all the above steps once again.
We never really talked about Thinking until now.
Are we not Thinking in all the above processes?
Of course, we are.
We are not doing it consciously but subconsciously.
Now take a step back and go through all the above steps once again.
We never really talked about Thinking until now.
Are we not Thinking in all the above processes?
Of course, we are.
We are not doing it consciously but subconsciously.
13/
That brings us back to the opening point.
Whenever thinking is a byproduct of an activity (like observing, seeing, reading, writing, listening, talking, etc) it yields far better results than when thinking is your main activity.
Do More Think Less
End
That brings us back to the opening point.
Whenever thinking is a byproduct of an activity (like observing, seeing, reading, writing, listening, talking, etc) it yields far better results than when thinking is your main activity.
Do More Think Less
End
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