Book summary: Atomic Habits by James Clear

Title: Atomic Habits
Author: James Clear
Publisher: Penguin Random House
ISBN-10: 1847941834
ISBN-13: 978-1847941831
Buy from: Amazon.in | Amazon.com

Introduction

There is a myth and an all-pervading belief that in order to transform your life, we need to transform our behaviour in a major way and need to do is fast. To lose weight, people go on crash diets overnight. Alcoholics and addicts go cold turkey. People with no previous experience with workouts join the gym and work out so hard on day 1 that they get sore muscles.

James Clear offers us a better solution in his book Atomic Habits. He argues that in order to transform our life and add new behaviour, it is necessary to take tiny steps and let the habits build and then change one thing at a time.

Continue reading Book summary: Atomic Habits by James Clear

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: Left Brain, Right Stuff by Phil Rosenzweig

Title: Left Brain, Right Stuff
Author: Phil Rosenzweig
Publisher: Profile Books
ISBN-10: 1781251363
ISBN-13: 978-1781251362
Buy on: Amazon.com | Amazon.in

Intro

Swiss author Phil Rosenzweig talks about two modes in which our brain operates: deliberation and implementation. The process of deliberation is for carefully considering options and their outcomes. Pros and cons are weighed, the best and worst outcomes are sized up and a decision is made. With a decision made, the process of implementation is when you stop deliberating, focus on the tasks and get them done. Rosenzweig offers that the two modes are divided into the two sides of the brain: left and right. Continue reading Book Summary: Left Brain, Right Stuff by Phil Rosenzweig

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: Rich Dad Poor Dad by Robert Kiyosaki

Click to Buy here in Amazon.in or Amazon.com

ASIN: B06XV926YF

I had read this book a long time back and decided to re-read it now. It is surprising how many insights I received in the process. So I have decided to summarize this classic and follow it up with all the books in the series.

Only Rule For Getting Rich:

Know the difference between Assets and Liabilities. Buy Assets.

An Asset is something that puts money in my pocket.
A Liability is something that takes money out of my pocket.

As someone from an accounting background, for a long time I was resistant about the above definition. But now when I am training myself to think like an investor, this is the only definition that makes sense. The only practical way to evaluate opportunities.

Continue reading Book Summary: Rich Dad Poor Dad by Robert Kiyosaki

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

How to remember what you read?

We read that “Great Leaders are Great readers.” So we set up new year resolutions that say “I will read at least 10/20/50 books this year“. Some of us even get to that number, but often we look back and can’t seem to remember any ideas from a book we really enjoyed reading and thought was great.

Most productivity Guru’s can’t list the ‘seven habits’ from the cult book, ‘Seven habits of highly effective people’ although they have read it several times and even train others on them. So how do we ensure that we not just read a book, but actually remember what is in it and make an impact in our life.

Continue reading How to remember what you read?

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: What Got You Here Won’t Get You There by Marshall Goldsmith

Title: What got you here won’t get you there
Author: Marshall Goldsmith
Publisher: Hachette books
ISBN-10: 1781251568
ISBN-13: 978-1781251560
Buy here: Amazon.in | Amazon.com

Introduction

Marshall Goldsmith is a behaviour coach in leading companies. His day-to-day life involves working with CEOs of top companies, entrepreneurs, top lawyers and dignitaries. Goldsmith takes these already successful people and makes them more successful. How can he do that? Is he an engineer? A businessman? A mystic?

None of these. Goldman has discovered that for the people who are already in the top 2 percentile in their field, further growth is not limited by skill or lack of magic. Instead it is limited by their own behaviour. The way they behave with themselves, their colleagues, their families and their support group influences their success. Goldsmith describes 20 habits that act as a hindrance to further growth of these already highly successful people. With these habits, people stand in their own way. Some of them hit a plateau, while a few of them self-destruct, throwing away their careers and relationships. Continue reading Book Summary: What Got You Here Won’t Get You There by Marshall Goldsmith

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: Intelligent Investor – Benjamin Graham

Buy here in Amazon.com or Amazon.in

ISBN-10: 9780062312686
ISBN-13: 978-0062312686

Warning: This book is an advanced read even for finance professionals. You must have basic knowledge on capital markets to be able to understand and appreciate the book. Like high echelons of Carnatic music, this book is a God send for those obsessed with return on and of their investment, but most others may be unable to appreciate the finesse of the mentioned points.

Continue reading Book Summary: Intelligent Investor – Benjamin Graham

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book summary: Miracle Morning

Book title: Miracle Morning
Author: Hal Elrod
Publisher: Self
ISBN-10: 0979019710
ISBN-13: 978-0979019715
Buy on: Amazon.in | Amazon.com

Introduction

In this book, the author Hal Elrod talks about how waking up early in the morning and then following 6 simple practices transformed his life. The author abbreviates the 6 things in his morning routine as SAVERS. In his 1-hour routine, he goes through 6 activities that give him the perspective he needs for the day. Continue reading Book summary: Miracle Morning

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book summary: Work clean by Dan Charnas

Book title: Work clean – The life changing power of mise-en-place
Author: Dan Charnas
ISBN-10: 1623365929
ISBN-13: 978-1623365929
Buy on Amazon.in | Amazon.com

Introduction

Mise-en-place is a French term that means that there is a place for everything and everything must be in its place. The use of French is because the term originated in culinary circles in France where chefs emphasise the importance of a clean and organised kitchen counter to do things efficiently and ensure high food quality. As a result, just like everything culinary, saute and hors d’ouvre, words from the romantic language stuck around in English too.

Having worked with leading chefs in the United States, the author Dan Charnas talks about how to plan, organise and clean up so that you get the best out of your activities. Throughout the book he illustrates stories and scenes from the America’s top restaurants that exhibit thorough planning, organisation, cleanliness, minimalism and maximum utilisation. Charnas extends the knowledge gained from cooking into his personal and professional lives. In this book, he teaches us how to do so. Continue reading Book summary: Work clean by Dan Charnas

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: One upon Wall Street by Peter Lynch

One_upon_wallstreet_PeterLynch

ISBN-10: 0743200403
ISBN-13: 978-0743200400

Buy Amazon.in

Buy Amazon.com

Peter Lynch, one of the greatest investors of our time has given ample time tested techniques in this book.

How retail investors can win in the stock market

-> Take advantage of what you already know. i.e invest in familiar sectors.
-> Invest in a house before you invest in a stock market
-> Ignore short term fluctations
-> Predicting economy or stock market direction is futile
-> 6/10 wins is a stellar record

Continue reading Book Summary: One upon Wall Street by Peter Lynch

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.

Book Summary: How to Avoid Loss and Earn Consistently in the Stock Market by Prasanjit Paul

How to Avoid Loss and Earn Consistently in Stock Market

ISBN: 9352679717 PaperBack
ASIN: B076MKJV6Y Kindle

Buy Here

Who is the book for: The book is meant for retail investors with a long term investment horizon.

What retail investors must avoid to avoid losing money?

(1) Following the stock tips provided by brokers blindly. Brokers have vested interests in increasing volume of your trade and not your profits.

(2) Intraday Trading : Its a high speed game which hardly anyone has mastered. Its no wonder we don’t have any stock market millionaires/billionaires who have become rich solely due to intra day trading.

(3) Investing on Borrowed Money: Although stock market is one of the greatest wealth generators it comes with no guarantees or timelines. Pressure of borrowed money and to make higher returns than the cost of funds can cause the investors to take many high risk bets leading to loss of capital.

(4) F&O trading: High margin trading without understanding its risk can cause capital to be wiped out in no time.

The time tested strategy to create wealth in the stock market is to:

“Invest in high quality business(stocks) and hold it for the long run.”

Continue reading Book Summary: How to Avoid Loss and Earn Consistently in the Stock Market by Prasanjit Paul

We know you love books. We would you like to give two FREE audio books. Grab your trial Audible Membership with Two Free Audio Books . Cancel at anytime and retain your books.