“Extraordinary people are just ordinary people who are thinking differently ” How Answers can lead to Questions • If it takes a lot of courage to admit you don’t know all the answers, just imagine how hard it is to admit you don’t even know the right question.. But if you ask the wrong question, you are almost guaranteed to get the wro...

13 April, 2024 “Golf is Not a Game of Perfect” Mindset & Patience 1. Golfing potential depends primarily on a player's attitude, on how well he plays with the wedges and the putter, and on how well he thinks. 2. Improvement takes patience, persistence and practice. Big improvements require working and chipping away for years. A golfer ...

Introduction • By Creativity, I simply mean new ways of thinking about things. Whenever you can find a way of doing things that is better than what has been done before, you are being creative. • Another myth is that Creativity is something you have to born with. This isn't the case. Anyone can be creative. • And you can teach Creativi...

This is a very nice book which deals primarily with the Art of Trading. I have contextualised what we can learn from the book. Hope readers find it to be useful. • Focus on the What and not on the Why Over the past 10 or 12 years since the 2008 financial crisis when we had so many people who were talking about markets being artificiall...

Mistakes Were Made (but Not By Me) Third Edition: Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts By Carol Tavris and Elliot Aronson (Dedicated to Leon Festinger, creator of the theory of cognitive dissonance, whose ingenuity inspired this book)We are all capable of believing things which we know to be untrue, and then,...

Obliquity: Why Our Goals Are Best Achieved Indirectly by John Kay Franklin’s Gambit If people are predictably irrational, perhaps they are not irrational at all: Perhaps the fault lies not with the world but with our concept of rationality. Perhaps we should think differently about how we really make decisions and solve problems. Perha...

The kindle version of the book consists of essays written to readers of a newsletter titled: The Genie Within - Your Subconscious Mind - How it Works and How to Use It Introduction • A postulate of a new science, psychoneuroimmunology, is that your immune system responds to your thoughts. The moral is that we are blessed with an effici...

Capital Returns Table of Contents - [[Chapter 1: Capital Cycle Revolution]] - [[Chapter 2: Value in Growth]] - [[Chapter 3: Management Matters]] - [[Chapter 4: Accidents in Waiting]] - [[Chapter 5: The Living Dead]] - [[Chapter 6: China Syndrome]] - [[Chapter 7: Inside the Mind of Wall Street]] ————————————- # Chapter 1: Capital Cycle ...

# Investing: The Last Liberal Art: Table of Contents - [[Chapter 1: A Latticework of Mental Models]] - [[Chapter 2: Physics]] - [[Chapter 3: Biology]] - [[Chapter 4: Sociology]] - [[Chapter 5: Psychology]] - [[Chapter 6: Philosophy]] - [[Chapter 7: Literature]] - [[Chapter 8: Mathematics]] - [[Chapter 9: Decision Making]] ————————————-...

The Tao Jones Averages: A Guide to Whole-Brained Investing: by Bennett W. Goodspeed 1. Scientists have discovered that we have two brains – one that reasons analytically and one that is intuitive. Wall Street tends to ignore the intuitive side, even though the stock market has always behaved nonrationally. The Tao Jones Averages offers...

* [[Introduction & Chapter 1: Is Willpower More than a Metaphor?]] * [[Chapter 2: Where Does The Power in the Willpower Come From]] * [[Chapter 3: A Brief History of the To-Do list, from God to Drew Carey]] * [[Chapter 4: Decision Fatigue]] * [[Chapter 5: Where Have All the Dollars Gone?]] * [[Chapter 6: Can Willpower Be Strengthened?]...

1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds 5. Knowing Yourself - Temperament and Emotions 6. Building a Counterintuitive Mindset 7. Being Patient and Waiting for Opportunities 8. Trading Psychology 9. Strategic Insights Hope readers find the above to be useful.

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds 5. Knowing Yourself - Temperament and Emotions 6. Building a Counterintuitive Mindset 7. Being Patient and Waiting for Opportunities 8. Trading Psych...

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds 5. Knowing Yourself - Temperament and Emotions 6. Building a Counterintuitive Mindset 7. Being Patient and Waiting for Opportunities It is indeed a v...

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds 5. Knowing Yourself - Temperament and Emotions 6. Building a Counterintuitive Mindset Patience • Many a time, we are very early in entering positions...

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds 5. Knowing Yourself - Temperament and Emotions The dictionary definition of the word counterintuitive is 'contrary to what one would intuitively expe...

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures 3. Risk Management 4. Risk-Rewards & Odds Investing is less a field of finance and more a field of human behaviour. The key to investing success is not how much you know but how you behave. Y...

1. Preview 2. Winning The Loser's Game 3. Who is on the Other Side 4. 10 Commandments 5. The Coffee Can Portfolio 6. Psychology of Investing 7. Do Colours Nudge our Investing Behaviour? 8. Affect Heuristic Hope readers find the above to be useful.

Someone by the name of Luke Burgis, who I had never heard of, wrote a book called Wanting: The Power of Mimetic Desire in Everyday Life. I think it is one of the most powerful ideas that I have ever read. While this is not a 'Cliff Notes Version' of the book, it is an extract of an article that he has written and shared on his paid blo...

Cliff Notes Version of 'What I Learned Losing a Million Dollars' by Jim Paul and Brendan Moynihan Sunday, 19 December 2021 The first part of the book is more about how the protagonist Jim Paul lost a million dollars. What I have summarised below are the lessons that he learnt in the process, which form the second part of the book. Make...

Six Thinking Hats: An Essential Approach to Business Management Preview With the Six Hats method, the emphasis is on ‘what can be’ rather than just on ‘what is, and on how we design a way forward – not on who is right and who is wrong. Introduction That is why the Six Hats method is essential. It allows the brain to maximize its sensit...

Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts Introduction Winning and losing are loose signals of decision quality. We need to separate decision quality from outcome quality. Two things determine how our lives turn out; one is the quality of our decisions and the second thing is luck. Thinking in bets he...

Interested Readers might want to read this short post: Cliff Notes, before perusing this page. 1. Cliff Notes Version of Thinking in Bets by Annie Duke 2. Cliff Notes Version of Six Thinking Hats by Edward De Bono 3. Cliff Notes Version of 'What I Learned Losing a Million Dollars' 4. Cliff Notes Version of 'Wanting' by Luke Burgis 5. C...

The title of the post might surprise most. A little bit about the concept, copied and pasted from the website CliffNotes. The 30-second version, again from the site is: The advice that Clifton Keith Hillegass, the founder of CliffsNotes, gave to students was: Use CliffsNotes literature guides as a study aid — a tool to help you underst...

Extracted from What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan. The book examines the mental processes, behavioural characteristics and emotions of people who lose money in the markets. The first part of the book is more about how the protagonist Jim Paul lost a million dollars. What I have summarised below are...

For readers who haven’t been following this series of posts, it makes sense to read these posts first 1. Preview 2. Introduction and Disclosures 3. Risk Management The concept of risk-reward is alien to most investors. Before I get to the actionable insights, a brief introduction to what is meant by the trade-off between risk and rewar...

Thinking In Bets by Annie Duke is a pretty recent publication and in my opinion, a must-read. I have added some of my thoughts like analogies between what she has written and Scott Adams best-selling books namely: How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life, Win Bigly: Persuasion in a World Where Fa...

For readers who haven’t been following this series of posts, it makes sense to read these posts first: 1. Preview 2. Introduction and Disclosures When people talk of the values of real estate, as in flats or parcels of land etc, one often hears the words, Location, Location, Location - the context is that the value of the asset is most...

Interested readers might want to read The Art of Trading - Preview before reading this post. 1. Most of what is written in the posts that follow are from three sources. One is the books that I have read, the second is my experience as a trader and the third is my observations of clients’ trades over so many years of my being a market p...

Disclosures / Disclaimers: 1. Nothing in this post or the ones that follow should be considered as trading advice. Please treat what is written as indicative, and not instructive. 2. Trading or speculating in the Indian stock market is essentially of three types, (1) day trading, (2) trading stock and index futures, and (3) via stock a...