You have really admire how much money the self-help quacks and pop-psychologists make by peddling seemingly asinine bullshit that masquerades as profound insight.
"regular brainstorming sessions are not likely to lead to an increase in unique ideas. In fact, the average novelty of your output — that is, the degree to which your inspirations depart from convention — actually might decrease over time."
There must be atleast a few million books which peddle some nonsensical version of sitting down and taking notes.
Pause for a second and consider the fact that the self-help, personal development industry is worth atleast over $100 billion. The only people who've self-helped themselves in this whole racket are the people peddling this shit
And the people screaming in your face telling you to "wake up and seize the day by balls", well, their personal bank accounts developed tremendously.
What's more, half these people have parlayed this success to make even more money by becoming influencers and creators. Some of these quacks are now angels and VCs.
If you're currently aimless in life for whatever reason, becoming a motivational speaker and screaming shit like carpe diem and yolo on a YouTube channel is a sure shot way to success.
This has to be the greatest business model ever. As long as people like being told what to do and as long as they seek validation, this is an insanely profitable opportunity.
In an era people are crippled with social anxiety, selling snake oil that gently massage that anxiety is the greatest business model of all. In a way, this is a partial solution to our unemployment problem 😁
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Lot of startups who are yet to make profits are filing for IPOs globally. I'm reading the filings and the language is terrible. A few tips on how to do it right.
Here are the right terms to use instead of the current antiquated language.
We are making losses.
"We've been consistently making negative profits and growing year on year."
We don't yet have a business model.
"We're innovation leaders in several fast growing market segments"
Found out a surprising thing yesterday. My uncle had after working in a small company for about 35-40 years retired recently. He's from a typical middle-class Indian family and didn't have much in terms of property, money etc.
He's not well educated and had just passed his 10th and he's worked for most of his life doing odd things before settling at his last job.
So the question of retirement expenses came up and we were generally talking about it as we were cleaning up his old books and files. In the middle of this, I found a bunch of old paper certificates. He
Pretty much all personal finance books, blogs, podcasts I've come across can be summarized as:
1. Start saving early 2. Spend less, save more 3. Don't take debt 4. Avoid credit cards. Use them only if you can manage them 5. Avoid stock picking. Stick to low-cost index funds
6. Don't tinker with your portfolio frequently 7. Rebalance your portfolio -regularly/annually, etc 8. Avoid thematic funds, hot funds, fancy structured products, commodities, etc 9. Don't do market timing 10. Avoid bank RMs and insurance salesman
11. Have a funny money account. A small part of your portfolio where you do dumb and crazy shit. 12. Get health insurance and term insurance 13. Simple always beats complex 14. Have a will 15. Budget your expenses. Don't budget as long as you save enough 16. Asset allocation
We are in a structural bull market
We see favorable valuation in select pockets
We're sticking to competitive franchises with strong earnings growth
We're selectively buying at this juncture
We're cautiously optimistic about the global economy
We're not bullish, but we're not bearish either
Markets have run up substantially but investors should invest as much as they can
Profit booking is not advised
It may be a bubble, but no one can say
We advise investors to continue buying on dips
Markets are frothy but not investing is a bad idea
Investors should continue their SIPs
Investors need to have a long term horizon
The India growth story is still intact
We analyze top-down but pick stocks bottom up