The quote 'Studying for a greater cause' is brought into play here.
Hello,
Sharing about one Good Initiative
Academia_thriftnate is a book shop on Instagram affiliated with Cholo Paltai NGO. @cholopaltai2 has led many drives for stationery, food, Yaas relief etc.
The Calcutta Anti-covid belt emerged from them and now they are helping to rebuild Sunderban. But the funds collected aren't sufficient so they started a page where you can sell, buy or donate books and 75% of the profit goes to Cholo Paltai donation fund.
This initiative has many positive collateral impacts like waste reduction, saving trees etc. So would be grateful for your help. Even following the page or liking the posts will help them to reach many more people who NEED help and who CAN help.
So visit on insta @academia_thriftnate and give them the long-awaited helping-hand
I am not associated with them but very happy to help them to spread the message
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→Fragility
→Status duo
→Cyclicality
→Complexity
→Win-lose situation
→Over quantification
→Misaligned incentives
→The high correlation in positions
→Underestimation of expense
→Failure to think probabilistically
→A conviction based on a narrow outcome
→This time is different: a new new thing
→Closet indexing: Curated museum v/s warehouse
→Serial acquisitions/ dilutions and low tax
→Failure to distinguish between good businesses and good investments, the role of embedded expectations
→Avoidance of decision fatigue by the concentration of positions
→ Heavy involvement of government in regulation and ecosystem
Thread on Investing Insights and Learning from @safiranand
👇👇👇
Opportunity cost
“In economics, one of the first lessons He learned was that capital is limited and has alternative uses, including satisfaction of consumption. You can do your best to find a good use for its growth.
As long as the search for yields and risk minimization is in balance, you can do well,”
Book tells the definitive story of what has changed and what that means for businesses today and how managers, entrepreneurs, and business owners can adapt and thrive in this new era.
The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book.