Devina Mehra Profile picture
Aug 7, 2022 8 tweets 2 min read Read on X
On Popular demand!

Putting my hard-won Life Lessons into a thread

#LifeLesson #1
When someone shows you who they are, believe them the first time.
- Maya Angelou

Often we're judgemental about people we don't know well & too willing to make excuses for those who are close to us
#LifeLesson #2
Count your blessings. Always.

No matter what the situation, you are definitely much better off than many others in the world.

The fact that you're reading this on Twitter itself is evidence of this.

Never forget that!
#LifeLesson #3
Being trusting, kind, non judgemental may be touted as superpowers but they're exactly what may lead you to be in the cross-hairs of a conman

Not realizing that people totally without conscience exist can be a big trap

Q: Do you try to change yourself? Or not?
#LifeLesson #4
Be there for your friends at their lows: poor health, grief, job loss, legal trouble. Whatever be it. Even if you can't DO anything, just BE there

LifeLesson #4A
When you're the one who needs help, don't hesitate to ask. It doesn't make you smaller. Only human
#LifeLesson #5
Never ever cry over sunk costs. And not just in business.

You've already wasted time, money whatever. It may even be decades of your life or a whole lot of money.

Don't waste more of your life brooding over it. You are only compounding your losses.

Move on!
#LifeLesson #6
When you think anything nice about anyone: friend, family, waiter, whoever, tell them!

Very often we think it, even mention to another but neglect to tell that person

You may make their day, week & more!

I know there are compliments I've cherished for years
#LifeLesson #7
Cut your losses!
Simple. But not always easy to implement & not just in investing

Are they/it going to change? Your work, Your company, your boss, your friend or even your partner?

Is it acceptable to you if they don't?

If not, make the change. Cut your losses
#LifeLesson #8
Whatever doesn't kill you makes you stronger

It may be unexpected bereavement & grief, betrayal by someone close, losing a job/ business, financial losses, but you're still alive, still standing

This too shall pass

There's always light at the end of the tunnel

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Devina Mehra

Devina Mehra Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @devinamehra

Jul 15, 2023
Let me tell you a real life story, something that happened last week.

Settle down and read

There is this older promoter with a family office I met last week and he said, "Devinaji, 2-3 years ago when PMS fund managers used to meet me they used to tell me that the main
1/
benefit of investing in a PMS scheme came from a concentrated portfolio of 15-20 stocks.

Ab vahi log aakar mujhe kahte Hain ki 45-50 stock ka portfolio hona chahiye.

Aap bataiye: kya badal gaya in do saloon mein?"

And I told him, "Only one thing has changed...
2/
which is that we launched our PMS scheme little over 3 years ago and our consistent top notch performance has been noticed by our competitors who are now wanting to jump on to the 'diversification' bandwagon"

Am I surprised? No

The reason is simple:

3/
Read 9 tweets
Apr 22, 2023
Everyone wants to emulate RJ...or at least his results😊

One line that stood out from the book
"Not every year I make money. I make money in spurts, like 1989-92, 2003-07, 2009-11

In 1994-99 I would'nt have made any trading income"
- Rakesh Jhunjhunwala

If you...
Thread 🧵
1/ Image
...internalise one RJ superpower, this is it!

To understand & act on the fact that stock market returns are lumpy

If you remain disciplined through downturns, or frustrating sideways moves which can go on a long time when you're living through them, you'll be way way ahead

2/
Instead the way most investors behave is to get struck by FOMO & jump unto a theme just when it is peaking

Case in point: all the Nasdaq ETFs in 2021 that were heavily subscribed (although I kept warning against those 😊)

And then to panic sell on the other side...

3/
Read 11 tweets
Apr 4, 2023
Finally finished 'Noise' by Daniel Kahneman's, Cass R. Sunstein and Olivier Sibony...Yoo Hoo

It goes right beside his earlier 'Thinking Fast and Slow' as being among the best books I have ever read.

Each chapter is almost as good as a normal non fiction book...

1/
...which is the reason it took time to finish.

One key takeaway:
A well designed algorithm/ rule-based system will almost always beat a so-called experienced expert in any area of human enterprise that requires judgement.

2/
The reason is simple - human beings are prone not just to biases, but also to noise.

Equally experienced experts in areas like judicial sentencing, insurance or investing, will differ dramatically in making a judgement on the same issue and with the same facts/ information

3/
Read 12 tweets
Mar 14, 2023
The questions I get asked on SVB are: 
What really happened?
How did US regulators react & why?
Does it have any implications for the Fed rate & markets?

I'll try to explain it in very simple language with no tables, graphs & as little jargon as possible.

Settle down to read
1/
The beginning of the end for SVB started with an old-fashioned bank run - something I learnt about literally at my mother's knee.

I remember my mother explaining a bank run to me when I was way down in school (For context, she's a postgraduate in Economics)

2/
That while a bank promises to give you the money you have deposited on demand, in actual fact no bank can pay back its depositors all at once.

Banking is a confidence game and even the most solid Bank in the world will collapse if most depositers ask for their money back.

3/
Read 22 tweets
Feb 21, 2023
Since we're in the Budget month, the research team @firstglobalsec looked at historical patterns in Indian govt finances

Why's it important?
Interest (& salaries) are the inflexible parts of expenditure

Only what's left can be used for social spending or capex

Let's dive in
1/
First the big picture on the government debt

As a percentage of GDP, govt debt which used to be in the low 40s in 1982/82 rose up to 64.5% in 1991(the economic crisis)
Slowly came down to ~57% in 99 when it started to rise again

Reached another peak of 67-68% in FY03 & FY04
2/
Then came the big decline:
Govt debt again began to go down as percentage of GDP: from 67-68% in FY04, it dropped to 59.8% in FY09

This was, of course, at a time when the world economy was booming

More remarkably, the debt burden kept reducing even as ...

3/
Read 10 tweets
Feb 14, 2023
Seen investing principles that're supposed to make investing simple & profitable?

One of the favourites:"Buy monopoly businesses. Buy the largest company in the sector - the strongest brand. You can't go wrong."

But is it really the truth?

A thread to explain
Read carefully
1/
What does history show?

Remember Nokia, Kodak, BlackBerry (RIM) - dominant businesses where magazine covers used to be about whether anyone could ever catch up with them. Where are they now?

You may say that this is the nature of tech businesses. But it isn't that simple.

2/
In any case when Kodak was running its film based business, nobody thought this was a fast moving high tech area.

The issue is far more fundamental.

One, when a company is the dominant player, any new entrant in the business will end up taking share & sales away from it.
3/
Read 16 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(