Meet Shah Profile picture
20 Jan, 12 tweets, 2 min read
11 key takeaways from the book "Rework" by Jason Fried & David Heinemeier Hansson.
1) Do it yourself first:

~ Never hire anyone to do a job until you've tried to do it yourself first. You'll know what a job well done looks like.
2) Throw less at the problem:

~ Think about how you do more with less, this will lead to greater efficiency and a sense of focus.
3) Ignore the real world:

~ This real world sounds like an awfully depressing place to live. It’s a place where new ideas, unfamiliar approaches and foreign concepts always lose.
4) Own your bad news:

~ when something goes wrong,
someone is going to tell the story. You'll be better off if it's you. "No comment" is not an option.
5) The myth of the overnight sensation:

~ You know those overnight success stories you’ve heard about? It’s not the whole story.
6) Make a dent in the universe:

~ To do a great work, you need to feel that you're making a difference. You want your customers to say, "This makes my life better".
7) Why grow ?

~ Grow slow & see what feels right - premature hiring is the death of many companies.
8) Say no by default:

~ You rarely regret saying no. But you often wind up regretting saying yes.
9) Mission statement impossible:

~ Standing for something isn't just about writing it down. It's about believing it & living it.
10) Making the call is making progress:

~ Whenever you can, swap "let's think about it" for "let's decide on it".
11) Make tiny decisions:

~ You believe the best way to achieve those big things is one tiny decision at a time.

• • •

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More from @ms89_meet

24 Dec 20
How to identify 100 baggers?

~ notice the change.
~ understand the impulses leading to such change.
~ spot the megatrend within the
change.
~ understand proxy themes within such megatrends.
~ find the countries to play such megatrends. (socially, politically & economically)
~ find respective companies within such countries.
~ select your proxy theme to play the mega theme.
~ identify such companies & brilliant fanatics from the pool of many.
~ study them extensively.
~ select a promising few with valuation comfort. (subjective)
~ allocate your initial tranche.
~ increase your allocation overtime with visible signs of improvement in your initial investment thesis.
~ play & monitor your business &
overall theme as long as they remain favourable.
Read 4 tweets
16 Nov 20
Ramesh Damani's advice to new investors:

~Understanding the power to compounding early in the life is very important.

~It is very important to have independent thinking with integrity.

~One should have their own thought process.
~Make investment decision based on your own investment decision.

~Making money is more enjoyable than actually spending it.

~One should maintain individual frugality.

~You don’t need a 180 I.Q. in the stock market, it is fine to have I.Q. of 110-120. (Warren Buffett)
~People try to be super smart, time the market, & stumble along the way. You should approach it the right way.

~The market values Integrity, Intellectual independence, & Patience.

~Too clever by half people lose more than what they bargain for, by trying to be very smart.
Read 5 tweets
2 Oct 20
Top 10 investing pearls from Peter Lynch:

1) It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore.

2) Understand the nature of the companies you own and the specific reasons for holding the stock.
3) Consider the size of a company if you expect it to profit from a specific product.

4) Distrust diversifications, which usually turn out to be diworsefications.

5) Invest in simple companies that appear dull, mundane, out of favour, and haven’t caught the street.
6) In dieting and in stocks, it is the gut and not the head that determines the results.

7) Debt is saving in reverse. The more it builds up, the worse off you are.

8) Big companies have small moves, small companies have big moves.
Read 4 tweets
20 Sep 20
Strong Monopolies:

IEX >90% market share in power trading.

Zydus wellness >90% market share in sugar free product.

Eicher motors >85% market share in 250cc bikes category.

MCX >85% market share in commodity trading.

ITC >75% market share in cigrattes.
Honda Siel >75% in portable power generators.

Asahi India Glass >70% market share in automotive glass.

Pidilite >65% market share in adhesives.

Exide >60% market share in lead batteries.

Vst Tillers >50% market share in
Power tillers.

Vinati Organics >50% market share in IBB
OCCL >50% market share in IS.

LMW >50% market share in textile machinery.

Bajaj consumer >50% market share in almond hair oil.

Asian paints >50% market share in decorative paints.

Colgate >50% market share in oral care.

Symphony >50% market share in
coolers.
Read 7 tweets
30 Aug 20
Short Note on Today's Webinar:
(For all those who have missed out)

Q) What is my Investment framework?

A) I follow ABC Principle.
Accounting Ethics.
Business Model.
Capital Allocation skills of promoters.
Valuations.
Q) What is my Portfolio construct?

A) I manage 2 types of Portfolio.
Core Portfolio: 70%
Satellite Portfolio: 30%

I feed my Core PF with the
profits i earn from Satellite PF.

Core Portfolio Themes:
Compulsory Consumption Products.
Value Migration Sectors.
Low Ticket Items.
Satellite Portfolio Themes:
New Management & New Products.
Tiny Companies from the Houses of Giants.
M&A based companies.
B2B to B2C Transformation.

Q) Best time to sell a company?

A) Change in Management Focus.
Major structural change in the
business.
Found better opportunity.
Read 8 tweets
4 Jul 20
From Dawn to Digital.

In 2014, Aditya Puri traveled to
California to take a close look at the disruptions that were being
discussed. He visited Mastercard Inc. The agenda of the trip was to understand the changing landscape of the financial services sector.
During his trip, he noticed & heard few phrases "Silicon Valley
will eat your breakfast & lunch",
"Banks will be reduced to pipes",
"People won't need banks but
only banking", & so on.
He linked Fintech companies operating in payments space, faster loan approvals than old world rivals, virtual relationship
management & advisory, e-shopping & building better financial products for customers.
Read 10 tweets

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