Thread by @jaycee77

Focus or Distraction?
Concentration or Diversification?

The opposite of a good idea - can also be a good idea.
~ @rorysutherland

@Sanjay__Bakshi #VIP4 @CFASocietyIndia

"Real life is not conventional science."

@Sanjay__Bakshi #VIP4 @CFASocietyIndia

"World is changing. You are changing. We are all living in a flux. What matters is what works for you and what matters to you. Inner score cards are more important than outer ones."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"One should not look at investing as a competition to win. It should be a means to achieving their financial goals."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"The very definition of value investing is very broad. Associating value investing with only traditional low multiple investing is deeply flawed."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"What we know is that in the very long run, cash flows and earnings matter."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"In Investing, feedback is delayed and may take years. That's why Investing is hard"
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"When you find that you have screwed up, you need to think and write what went wrong and try not make the same mistake again."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"When one starts making fun of other people's approaches, one is probably standing on a cliff and about to fall. Karma catches up eventually. We should practice detachment and equanimity both in good and bad times."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"Thinking what works is only what you are doing is a bad idea."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"Mean reversion works but not always. One should also be aware of Fundamental momentum. Businesses also face entropy."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"In investing, it is better to be humble and assume luck has played a bigger part in your success than skill. Gratitude - not arrogance - is what helps you in investing."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"In investing, to position oneself for luck, one should invest in some businesses with asymmetric payoffs."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

"Dhyana - focusing on particular thing - from different points of views - but with detachment. This is what a drone does. We also need to learn and practice this to avoid noise and distraction, and be more productive."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia

Negtive list -
"Don't watch too much TV.
Don't leverage and invest.
Don't be arrogant. Be open to new ideas."
~ @Sanjay__Bakshi
#VIP4 @CFASocietyIndia