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 π 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!π
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 !!
* Look at long term volatility of Cash Flows ( assuming Financial Statements paint a fair picture )
* Check if business generates Free Cash Flow ( FCF). This ensures company is unlikely to be wiped out at the bottom of the cycle.
3/20
πΈManagement Integrity matters.
You notice good governance only when it is gone !
Hence unless one has demonstrable proof on a long term basis that people are honest , consider them to be crooks .
Cynical approach but helps save us from losses !
2/25
Invest in yourself. Read.
Self educate. Think in isolation !
Everything in life can teach you when you possess the right mindset.
Read across a wide spectrum,for the scenes change but the behaviours & outcomes don't.
Few young adults asked me ways to improve focus.
Sharing what I follow.
To begin with :
* Turn off all gadgets
* Sit in a room & read hard copies of books / newspapers
* Primarily try to focus & absorb the content
* Read aloud if necessary
2/5
* First read with an intention of consuming content . Read slowly
* Gradually shift to reflecting upon it
* Then memorising points
* Finally writing takeaways
* Don't use mobile / laptop for reading when developing attention span . Mostly they are counter productive !
3/5
* It takes time to develop focus.
Won't happen overnight , especially given the addiction to mobile & social media.
So begin consciously & slowly !
* Gradually increase reading speed & time & retention
* Switch to kindle only when comfortable level of focus is reached