My life was divided into 3 phases: School, college & job.
With the benefit of hindsight, I wanted to share some key life-lessons from the "school" part of life.
Could end up benefitting everyone regardless of profession, so do read on. 🙏
🧵🧵👇
Plz RT if you find it useful
I mean for this 3-part series of threads to be a definitive answer to "How can I get a Job at Google?"
or in general:
"How can I excel at X" for some X.
For a large part of my school life, I felt I was quite average. I say that in a neutral way. I was neither too good nor too bad at my studies. But mathematics always drew my fascination.
My curious young mind had found an infinite fountain of logical deductions and each subsequent "why is that" could be answered with some logical depth.
One could ask the question, "why is the area of a circle pi*r^2" and expect a logical answer. Maths was my 1st professional love.
Around this time I also found out about AoPS (artofproblemsolving.com) which enabled me to interact with like minded folks and learn from them.
I gave RMO (Regional Maths Olympiad), just about made it through to second round, INMO (Indian National Maths olympiad).
Was unsuccessful at INMO. Was woefully underprepared.
I tried again, in 11th class. Juggling between my duty (IITJEE preps) and my professional love (maths). Randomly solving difficult problems from Russian, American, Chinese Olympiads. I built my problem solving skills.
Side note: Those that ask me how i juggle between Job and Investing: the answer lies in one word:
Practice.
I've been doing this since School. There's the stuff i really loved, and the stuff i needed to do. Striking a balance between the two is possible if we do time management.
Back to the story:
Slowly, over weeks, months, years. Some problems took weeks to solve. I'd try today, not be able to solve, come back after months.
However, I was unsuccessful a second time (in 11th class) as well.
Couldn't qualify INMO. This one hit me hard, because I knew that it's almost impossible to qualify in 12th (only 6 people from 12th class qualify all over India. This reverse quota ensures that young minds which can be nurtured are prioritized).
I gave up all hope of making it through INMO in 12th class. Started solving problems for the heck of it (For the fun).
I stopped chasing after a target, and started enjoying the process.
I now had literally 0 expectations from myself
(unknown to me, life was teaching me about importance of expectations and dependence of outcomes on expectations. See the parallel between BAAP investing and having high expectations from yourself. You can only go down from there)
At one point I even stopped studying for JEE, only solving maths problems in all my time.
And then, something unexpected happened. In an exam with 6 questions, I had already seen 2. I ended up getting the highest marks 71/100 (or so) and did very well for myself.
When @ishmohit1 says in @soicfinance videos that
"luck is when a prepared mind meets opportunity", I cannot help but reflect on my own experiences which tell me the exact same thing.
I just did not know the quote for it.
@ishmohit1@soicfinance This (INMO exam I gave in 12th class), i consider to be my most important 1st professional event in my life. Because I learned the importance of perseverance and not giving up. Summarising my key takeaways from "school" life now.
In any endeavour which is ambitious enough, setbacks are the norm, not the exception. Dont expect to be successful immediately or within a short duration of time.
@ishmohit1@soicfinance 2⃣ Power of collaboration: If I can see far it is coz I stand on the shoulders of Giants. Look for like minded learning machines & grow together.
@ishmohit1@soicfinance Look for alignment of incentives. artofproblemsolving.com was the best thing that happened to me. I realised there are a limitless number of people and instances from which I can learn.
I learned the power of collaborative problem solving in 10th class. Biggest gift ever.
There is immense power in repetition/practice with increasing level of difficulty. I give you a personal guarantee that if you spend 10,000 hours practicing something with increasing level of difficulty, you WILL become world class at it.
@ishmohit1@soicfinance The reason most people cant do that, is because either they get bored after k < 10000 hours, or the 10000 hours are spent solving problems of the same difficulty level (problems need to be incrementally harder to achieve world class status after 10k hours).
Funnily enough, in my understanding, we get our best rewards when we are not looking for them, but only focussing on the process/journey & deriving pleasure from the process. There is poetic irony in this one.
In my understanding only way one can do point 3 & 4 above is if they are curious about what they do, want to learn & improve (& compound their knowledge, understanding)
<end of thread>
Please do give your honest feedback if you found this thread to be useful. 🙏🙏
If many of you did, I will create ones for college and professional life as well. Otherwise why waste everyone's time 😅
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Vaibhav Global is a vertically integrated omnichannel company that sells value fashion jewellery & lifestyle products.
Don't worry, I'll break those terms down in subsequent tweets.
Let's dive deeper into the vertical integration aspect. VGL is present across the value chain.
(i) Identifying trends & products.
(ii) Manufacturing or sourcing.
(iii) Selling.
How to make the right decisions so as to end up being financially independent
OR to be rich.
OR to retire early.
OR to improve the standard of your life.
Sharing my views & what works for me.
If you like it, please RT to benefit maximum investors. 🙏
Imagine a graph of your net worth versus time. Each point on the graph captures on the horizontal axis, what time it is in your life, and on vertical axis, what your net worth is.
This is how it would look like for most people. A wiggly line inching upwards & to the right. What do we want to maximize though?
#racl concall was interesting today. I learned that breaking into company supply chains is quite difficult. Management was appreciated for their corporate governance.
Key takeaway: they will do another 50cr capex this year. This+ last year capex should take care of fy25 topline
Management also mentioned that if I do 100 rs gear in ice and 100 ka volume and gear becomes 500 rupees with 40 volume overall I will gain.
Not sure if it can be taken as guidance but seems like volume drop due to ev will be more than compensated by GM improvement.
Another key benefit is asset turns could go up since volume goes down while total value remains same or slightly increases.
Have heard a lot of noise around IT sector margins suffering due to attrition.
Wanted to share some data and personal experience. Note that this only applies to the multinational companies. Don't apply it to all Indian IT companies.
Hiring people who are outside of the usual pay bands is very frequent for these multinational cos. The way companies handle this is to structure pay in a way that first year salary is higher than the current salary of employee.
The salaries then fall off, unless employee performs very well (in which case they deserve the hike).
This thread is to create awareness on how to use valuepickr.com
Please note that i am not officially associated with website. Only an active contributor & hope to benefit from network effects of interested investors actively contributing on platform.
Valuepickr.com is above all else a community of like minded investors who wants to actively engage in understandin at a fundamental level & separate wheat from the chaff.
Develop an understanding of the biz, industry, competitive intensity, management, valuation
Website was created > 10 years ago. Early users are seasoned investors & i personally look to learn greatly by following their footprints across the website.
Mega 🧵👇 on #Pix transmissions & what makes this company special.
TL;DR: Recession proof play on global capex cycle revival & mechanisation of indian agriculture.
First of all a huge shout out to ValuePickr. This is one of the hardest companies to research. Without ValuePickr I'd know almost nothing about Pix. Most of knowledge on this thread comes from VP