Thread by @BarmechaKaran

"More important than the will to win is the will to prepare." - Charlie Munger
#thejoysofcompounding
@Gautam__Baid

"Rich people have small TVs and big libraries. Poor people have small libraries and big TVs." - Zig Ziglar

People who engage in mentally stimulating activities like reading experience slower memory decline than those who do not.
@AANMember

"We don't read other people's opinions. We want to get the facts, and then think." - Warren Buffett

"The rich invest in time, the poor invest in money." - Warren Buffett

"Popular things seem safe because so many people are involved, but they're most dangerous because they're most competitive." - @morganhousel

"The true scarce commodity of the near future will be human attention." - @satyanadella

"Read old news and you'll quickly see that the life expectancy of your goals is higher than that of the vast majority of headlines." - @morganhousel

"Nothing so much assists learning as writing down what we wish to remember." - Cicero

"Reading multiple books simultaneously, quitting those that are not engaging, and constantly picking up new ones is the antifragile approach to self-education." - @Gautam__Baid

"I have very poor attention. I skim. I speed read. I jump around. I could not tell you specific passages or quotes from books. At some deep level, you do absorb them and they become part of the threads of the tapestry of your pysche." - @naval

"As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble." - Harrington Emerson

Rene Descartes' approach named Cartesian Doubt:
"Systematically doubt everything he could possibly doubt until he was left with what he saw as purely indubitable truths."

Feynman Technique:
A great method for learning anything in a clear and deep manner and for improving retention.

"You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don't do anything that could get you remotely close to reaching such a situation." - @Gautam__Baid

"Price to earnings ratio is overrated. Duration of competitive advantage period is underrated." - @Gautam__Baid

"I forget what i hear; I remember what i see; I know what I do."

#thejoysofcompounding

"A true education should cultivate, above all, a sense of enjoyment about the process of thinking things through." - @Gautam__Baid

In addition to his emphasis on specialization:
"Even if you do that, I think you should spend 10 to 20 percent of your time on trying to know all the big ideas in all the other disciplines." - Charlie Munger

"If we are to improve our learning, we should focus on things that change slowly." - @Gautam__Baid

"The models that come from hard science and engineering are the most reliable models on this Earth." - Charlie Munger

On Charlie Munger:
"He is truly the broadest thinker I have ever encountered." - @BillGates

"Thinking is a surprisingly underrated activity." - @trengriffin

"Look at this generation, with all of its electronic devices and multitasking. I will confidently predict less success than Warren, who just focused on reading." - Charlie Munger

"It's only by concentrating, sticking to the question, being patient, letting all the parts of my mind come into play, that I arrive at an original idea." - William Deresiewicz

You need to shrug off a lifetime's habit of accepting a relatively superficial level of understanding and start learning more deeply.

#5elementsofeffectivethinking

"You are what your deepest desire is. As is your desire, so is your intention. As is your intention, so is your will. As is your will, so is your deed. As is your deed, so is your destiny." - Upanishads

"Only way to deep happiness is to do something you love to the best of your ability." - Richard Feynman

"It is great to be passionate in life, but it is wise to be so only for things that are under our control, or else we risk being dejected because of unfavourable outcomes." - @Gautam__Baid

"When you find your North Star, that is, the most important thing that sets your life's course, you learn where you're headed. And that is such a good feeling." - @Gautam__Baid

"Failure hurts but passes quickly. Conversely, regret hurts forever." - @Gautam__Baid

"We are what we repeatedly do. Excellence, then, is not an act, but a habit." - Will Durant

"From a distance, top performers seem to live charmed, cushy lives. When you look closer, however, you'll find that they spend vast portions of their life intensively practicing their craft. Their mind-set is not entitled or arrogant; its 100-percent blue collar." - @DanielCoyle

"Good teachers, in any field, do far more than convey information; they pass along something of themselves." - Peter Buffett

"Books are a priceless source of wisdom. But people are the ultimate teachers, and there may be lessons that we can only learn from observing them or being in their presence." - @Gautam__Baid

"When the student is ready, the teacher will appear."

#thejoysofcompounding

"I always had this image of myself that i wasn't very smart....But, once i realized that if you dedicate yourself and you commit yourself, you can learn anything." - Arnold Van Den Berg

"To be a winner, work with winners." - @Gautam__Baid

"Nothing, nothing at all, matters as much as bringing the right people into your life. They will teach you everything you need to know." - @GSpier

"If you want to know someone's priorities in life, observe what they do between Friday evening and Monday morning." - @Gautam__Baid

"For most of my professional and personal life, superior individuals made me feel uncomfortable. And so I would seek out people who made me feel like I fit in. This was clearly a wrong strategy. If you are the smartest person in the room, you are in the wrong room."-@Gautam__Baid

"Ego=1/Knowledge. More the knowledge lesser the ego." - Albert Einstein

"Truly humble people do not experience any uneasy feelings when someone younger but more successful or knowledgeable than them shares advice." - @Gautam__Baid

"A bull market is always going on, at all times, in some specific sectors of the stock market." - @Gautam__Baid

What are the three wisest words in investing?
"I don't know"

#thejoysofcompounding

@morganhousel on empathy:
"Start with the assumption that everyone is innocently out of touch..It's hard to do. It's uncomfortable when you do. But it's the only way to get closer to figuring out why people behave like they do."

According to Aristotle and Thomas Jefferson:
"Pursuit of happiness has to do with an internal journey of learning to know ourselves and an external journey of service of others." - Charles Collier

"You can have the greatest goals in the world, but if you have the wrong people running it, it isn't going to work." - Warren Buffett

Andrew Carnegie's philanthropy enabled the construction of 2,811 public libraries across the United States.

#thejoysofcompounding

John D Rockefeller:
At age 16, he gave 6% of his earnings to charity.
At age 20, his charity exceeded 10% of his income.

#thejoysofcompounding

"I did not want to deprive myself of the happiness from giving..even when I was earning minimum wage as a front desk clerk at a hotel in San Francisco, I began donating to local charities..(as low as $10 in some cases when that was all I could afford at the time)." -@Gautam__Baid

"Something happens to your heart when you share with others. Something that changes you for the better." - @Gautam__Baid

"You can't live a perfect day without doing something for someone who will never be able to repay you." - John Wooden