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Jawad Mian

@jsmian

22 Jun

1) Of all the early warning signs that can help prevent investment disasters, one stands out.

COMFORT.

🧵

2) It’s our natural tendency to seek comfort; but in investing, when we tend to get comfortable in our views, feel our portfolio is safe, experience tells us something bad is about to happen.

3) Our comfort zone is a state of mental security where our uncertainty and sense of vulnerability are minimized.

Where we feel we have some control.

Read 14 tweets

Jawad Mian

@jsmian

5 Jun

1) Among the quick, incisive thrusts of practical wisdom from Peter Drucker is this: “The best way to predict your future is to create it.”

But before we can create, we must get to know ourselves.

2) Drucker points out that success in the knowledge economy comes to those who know their strengths, their values, and how they best perform.

Only then, armed with such self-knowledge, can we decide where we belong and what our contribution should be.

3) “It's amazing how few people know what they are good at,” Drucker says.

We’re much better at knowing what we’re not good at.

So, he suggests constantly giving yourself feedback on how you’re doing.

Read 21 tweets

Jawad Mian

@jsmian

3 Jun

1) In a new bull market, you can almost feel the greed tide begin.

Usually it appears a few years after the market bottom, but this time is different.

Let me explain. 🧵

2) The coronavirus pandemic has made death salient, spurring certain psychological tendencies.

Buying stocks is one result.

3) The cognizance of death, and our innate fear of it, drives much of our conscious and subconscious behavior, according to psychologist Sheldon Solomon.

Read 22 tweets

Jawad Mian

@jsmian

16 May

1) The Middle East is undergoing a major transformation.

It is entirely possible to know exactly what will happen in the future.

Maktub. It is written.

2) Within the field of eschatology, concerned with the final events of history, the three Abrahamic religions Judaism, Christianity, and Islam display certain convergences.

3) The Abrahamic covenant of Genesis 12 is among the most determinative revelations of scripture.

God calls upon Abraham to journey to Canaan, a region approximating present-day Israel, where He promises to make of him and his descendants “a great nation.”

Read 36 tweets

Jawad Mian

@jsmian

13 May

1) I find myself less interested in people’s opinions and more interested to learn about the essential truths and beliefs that guide them.

2) Opinions can change. What we think about the market can differ from one week to the next.

What doesn’t change is our lived experience and the core principles that lead to trading success.

3) So with everyone focused on the outer world—what I wish to explore in our new "Inner Game" series is deepening knowledge of our inner reality.

Read 6 tweets

Jawad Mian

@jsmian

11 May

1/ An investor is a professional observer.

In one sense, it has never been easier: we have never had this many tools and information at our fingertips.

But in another sense, it has never been more difficult: our brain is fatigued trying to attain signals from noisy news flows.

2/ As William James wrote, "We see, but we do not see: we use our eyes, but our gaze is glancing.

We see the signs, but not their meanings. We are not blinded, but we have blinders."

3/ Trapped behind our Bloomberg screen, frivolously searching for new patterns, we become isolated from everything, including our own increasingly abstract thoughts.

Read 16 tweets

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