Take a walk in others' shoes to get some perspective on their problems without judgement.
Covid threw up different challenges to each one of us.
All of us think our problems are more difficult & thereby deserve more attention, don't we ?
5/20 #Gratitude is not only the greatest of virtues, but the parent of all others.
-Cicero.
Make gratitude your attitude.
Count your blessings each day.
We have no clue how lucky we are.
There are folks out there who would kill to have our bad days !!
6/20 #DecisionMaking
Never make hasty decisions based on a 🐂 Market Return.
Be it quitting your job to become a TRADER / calling yourself FINANCIALLY INDEPENDENT / extrapolating FUTURE RETURNS based on 2020-2021 returns.
It is easy to confuse LUCK for SKILL in such markets!😅
7/20 #Courage and #Intent are all that are needed to make a difference.
Saw so many folks go beyond their call of duty during this pandemic.
Saw strangers get together to help a third person in need.
Yes. Corruption exists.
But so does humanity.
Refuse to believe otherwise!
8/20 #MentalLiquidity
The ability to CHANGE your mind without being STUCK on a particular viewpoint.
Be it people , Investment thesis , NFT , Crypto, Emerging Technologies ...
We don't know what the future holds , so let us be open to learning & revisiting things always !!
A book that must be read by all direct equity investors but will be appreciated & understood by a few, that too only after witnessing an entire cycle play out in markets.
Few of my takeaways from this 💎 by Howard Marks.
👇🏽
2/30
To consistently beat the market,
You either need a ton of luck or superior insight & awareness of psychology.
Because investing is at least as much of an art as it is a science, it is essential that one's investment approach be intuitive & adaptive always.
3/30
All investors can't beat the market, since collectively, they are the market.
Stellar returns majorly come from correct non consensus forecasts.
Here Second Level Thinking matters immensely.
And the number of people capable of it is tiny.
Weekends used to consist of watching episodes of Mahabharata , Ramayana,Mogli ,He Man and the likes.
We danced clumsily to the 90's Indi Pop songs & thought WWF was real.
We created so many memories with hardly any photos thanks to the 32 film roll. 😄
3/10
Small things like a top , marbles , a rubber ball , or even a piece of cake with some frosting ( there was no concept of black forest cake ) used to make us insanely happy.
We valued each & every possession of ours.
And somehow never craved for more ...
A brilliant no frills book that offers a framework for thinking about how to improve your decision making , along with a set of tools that help execute it.
A few of my takeaways from this gem !
2/18
There are only 2 things that determine HOW your life turns out : LUCK & QUALITY OF DECISION MAKING.
We have some control over only one of those two things.
When you make better quality decisions, you increase the chances of good things happening to you.
3/18
Our objective is to choose an option that gains most ground in achieving our goals.
Sometimes which entails the least risk.
Thereby we examine the quality of the beliefs informing the decision,the available options & try to envisage the future based on our choices.