10 Quotes that helped me navigate the bull markets

9th one from Charlie Munger is super powerful...

Kindly re-tweet to help more investors🧵

Here we go...

#technofunda #investing
(1)

“Rule no. 1 - Fish where the fishes are...

Rule no. 2- Don’t forget rule no. 1"

- Charlie Munger
(2)

“The difference between really successful people and successful people is that really successful people say NO to almost everything"

- Warren Buffett

Learn to say NO to enticing ideas in a bull market...be focused...
(3)

"The stock market is filled with individuals who know the price of everything, but the value of nothing."

- Phillip Fisher

Respect Risk and Margin of Safety...
(4)

“If you are even slightly above average investor who spends less than you earn, over a lifetime you can’t help but get very rich"

- Warren Buffett

Maintain saving and investing discipline at all times...
(5)

“It is impossible to produce superior performance unless you do something different from majority"

- Sir John Templeton

I follow blending of technical and fundamentals (TechnoFunda Strategy) to do this...

What are you doing?
(6)

“The great paradox of this remarkable age is that the more complex the world around us becomes, the more simplicity we must seek in order to realize our financial goals, Simplicity indeed is the master key to financial success"

- Jack bogle

Keep your process simple...
(7)

“Sometimes to own a great company you have to pay a fair price”

Know the balance between good and great company...don't overpay...manage risks
(8)

“Any year that you don’t destroy one of your best loved idea is probably a wasted year"

- Charlie Munger

Keep monitoring your portfolio and challenge yourself with anti-thesis....don't get swayed by euphoria around..
(9)

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent"

- Charlie Munger

Don't take leverage...don't over-allocate...don't do anything stupid that can ruin you..
(10)

"The four most dangerous words in investing are, it’s different this time."

- Sir John Templeton

Don't get carried away by narratives...stay calm...be objective at all times.....follow risk management and exit system...
To Learn More about my process, grab this mini course on "TechnoFunda Investing Formula" for FREE...

Retweet this entire thread...and follow me @MashraniVivek

technofunda.co/basic

Apply coupon code FORMULA during checkout...

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More from @MashraniVivek

Jul 2
If you want to perform DEEP WORK without distractions with super high PRODUCTIVITY...

Then this thread is for you...Some powerful hacks that will take your productivity to next level..

Let's go...

Courtesy: amzn.to/3bGsT2M

(1/n)
1. Most important thing to build powerful productivity habit is to create a RITUAL

Just like we brush our teeth in the morning...read newspaper or go to temple...

Make productive task as a RITUAL..that will help your System 1 brain to take charge..

Next important step..

(2/n)
2. Learn from others...study productivity habits of successful people...

This will help you build your own style and avoid mistakes on the way..

Next is very powerful...

(3/n)
Read 11 tweets
May 20
13 harsh truths about investing...

A thread...🧵
1. Markets are REGRET Machine

It starts off awesome...quick money, research, screenshots etc.

But then..

Stock can go up multifold after you sell it

It can start going down as soon as you buy it

If you don't buy and it goes up, you are unhappy

BE HAPPY IF YOU MAKE PROFITS
2. Risks will emerge very badly...you will have no idea WHEN and HOW...

Investing is RISKY....PERIOD...

Only thing that can save you is RISK MANAGEMENT, Asset Allocation and Your Behaviour...

Read 16 tweets
Mar 16
🙏

Special thanks to 75k Investor Friends

You have all been an inspiration for my learning journey.

Sincere gratitude to all🙏

Here is a return gift of ultimate guide for investing in the form of thread of threads

Hope you will enjoy it...Don't forget to bookmark these

💡 Image
1>> Lessons of bull market....thinking to create a thread where I will keep posting on euphoria phase we all had been into.

No offense to anyone, we all are human and we make mistakes, just for serious learning.

2>> What happens when you go behind DIVIDEND YIELD ignoring GROWTH...

Educational thread based on learning from Mr. Market...

READ ON..

Read 12 tweets
Jan 15
Some amazing anecdote on Tax disputes in India..

This is about none other than NESTLE..

It was year of 1999..

2 decades ago...when they launched their signature product "KITKAT"

(1/n) Image
Commissioner of Excise challenged Kitkat...that it was not a WAFER but a CHOCOLATE..

Why?

Wafer was taxed @ 10%

While Chocolate was taxed @ 20%

So, while filing the tax, Nestle claimed that KitKat is 'Wafer coated with chocolate'.

So, we will pay 10% tax on it

But..

(2/n)
Tax authorities objected..

They said that it is "Chocolate coated with wafer inside". So, you have to pay 20% tax.

To solve the dispute, the matter was brought before the Mumbai Customs, Excise and Gold Tribunal.

What did court decide?

(3/n)
Read 6 tweets
Nov 13, 2021
Many times we wonder why is stock not moving despite future triggers...??

My learnings and understanding (please feel free to correct if you have any other insights)

I used to wonder that company has growth triggers in form of capex, operational enhancement in future
🧵

(1/n)
And it was in public domain, market knew that it's going to happen in future...

Then why are not market participants immediately jumping in and discount it?

Answer is 2 parts - Opportunity Cost and Operational/Execution Risk..

Let's go to deeper...

(2/n)
As an investor, we generally don't want to take execution or operational risk

What if capex is delayed?
What if they are not able to execute?
what if they don't get regulatory clearance?

If you understand probabilistic bayesian thought process, we need to give weights..

(3/n)
Read 11 tweets
Nov 2, 2021
New game-changer addition announced by Income Tax Department..AIS is the name

This will make tax filing more easy and evasion more difficult...Bliss for honest citizens...

Detailed statement for majority of your tax needs..

So what is AIS? Let's understand..

(1/n)
AIS - Annual Information Statement

Is it replacing 26AS? No...this is an additional statement..

This is much granular - includes dividends, shares/MF transactions, Salary, outward remittances, savings bank interest and much more...

(2/n)
So basically income tax department pretty much knows all your financial transactions touching bank/ demat (at least now they are telling you)

Do we need to worry about?

Absolutely not - infact it will help file accurate tax returns & avoid any penalty

How it looks like?

(3/n)
Read 7 tweets

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