We have reviewed atleast three books on Fundamental analysis: One Upon Wall Street – Peter Lynch, Intelligent Investor by Benjamin Graham and How to Avoid Loss and Earn Consistently in Stock Market by Prasanjit Paul . Hence I wanted to give you a neutral perspective and show you the other side of Fundamental Analysis. Continue reading How well does Fundamental Analysis Work?
Nail your hands-off tasks to get more hands-on
If you are making a vegetable pulav, do you boil the rice first or chop the vegetables? If you want to learn Android, do you download the software first or start reading the tutorials? If you answered the first choice in both cases, then you are on the right track. You have the ability to spot invisible, trivial, but important tasks that need to be kick-started and performed in the background, while you move onto focus-requiring important tasks.
Life is full of tasks where you pay active attention to what you are doing. You can only do one, or at most two, such activities at a time. Let’s call them hands-on tasks. However, some other tasks chug along merrily in the background not seeking your undivided attention. But they need you to kick-start them before you walk away. Ideally, you want the results of such tasks to be ready by the time you are done with your hands-on tasks. These tasks are called hands-off tasks.
Often, the most productive days in your life are when you remember to start the hands-off tasks, with their results waiting for you when you need them. You sail smoothly from one activity to another in a seamless fashion.
Continue reading Nail your hands-off tasks to get more hands-on
Choices and Impact
Choice: This or That
When I was a child, No one just asked us “Who is your favourite actor?”. They always asked Do you like Rajinikanth or Kamalhassan? Our prime time debates with panels were of topics like: What is good: Nuclear Family or Joint Family? Or Who is the better warrior – Arjuna or Karna? We were expected to pick a stand and argue our best. We spent considerable time arguing over these topics without ever having one person to our side from the other.
In ancient times, the question was like – Who is the more powerful God – Shiva or Vishnu? Today the questions have just been modified and become – Who is a better cricketer – Dhoni or Kohli ? or Who is a bigger star – Sharukh or Salman? Continue reading Choices and Impact
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
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The myth of Garbage in, Garbage out
Recently, I read the post Avoiding the GIGO trap, by author and marketing guru Seth Godin. It mentions how several systems punish the user by rejecting inputs not suited for those systems. A seasoned or a highly qualified user usually learns how to use such a system properly through experience or through a high level of aptitude for that system, but the rest of the world continues to struggle to even gain entry. Usually the users come to know about these limitations ONLY after their input is rejected after a lot of hard work or when a sub-standard input causes the system to come crashing down on them.
Seth Godin points out that these systems try to obsess with ‘Garbage In, Garbage Out’ principle. He argues that is not a good thing. Examples of such systems include computer programming languages, some top-rated schools in India and Formula race cars. We’ll see why in the sections that follow. Continue reading The myth of Garbage in, Garbage out
Be your own guest
India is a country with several thousands of communities based on language, religion and native region. In the modern Indian workplace, it is difficult to tell one community from another. However, pick a few sample individuals and visit their homes. The lifestyle they live at home says a lot about the community they hail from. Given the same level of household income, some communities treat themselves like royalty, while others intentionally deprive themselves, calling it frugality. They only loosen up when guests visit them. Continue reading Be your own guest
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
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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
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How to Learn just about Anything? – Part II – Acquiring Skills
We have all wanted to learn new skills like painting, singing, playing an instrument as an adult when we do not have the luxury of attending series of classes or the 10,000 hours as claimed by several. It is not so hard and even some life skills like swimming, driving can be learnt in as low as 20 hours. In this post we discuss the method for acquiring a skill at an amateur level at the shortest possible time.
Planning Stage:
Step 1: Define Success
A clearly defined goal is the starting point of the journey. Don’t start with more than one skill or goal.
Eg: 1) To be able to type 60 wpm using a qwerty keyboard with not more than 3 mistakes.
2) To be able to do a portrait sketch in pencil with reasonable semblance.
3) To be able to play ‘chinna chinna asai‘ song in my keyboard with correct tempo and tune.
4) To be able to swim across the 50m pool in freestyle without stopping
5) To be able to park the car in any parking lot properly
Continue reading How to Learn just about Anything? – Part II – Acquiring Skills
Why to break your routine for one day?
In today’s world, we have an acronym called TGIF (Thank God It’s Friday). The basis for this acronym is that people who put in difficult hours at work during the weekdays do not have to do so during the weekend. Instead they ‘get to do’ something leisurely and things they really love. TGIF suggests that you are slogging through your week and doing what’s not important to you. It says that you have given up control of your life to someone else who isn’t allowing you to do what you please. It says that you are a slave. It says that your life as you want it only happens during the weekends. TGIF is a depressing acronym.
With a career I love and with my each day being an opportunity to learn more and work on things I care about, the concept of TGIF is lost on me. But, I agree with one aspect TGIF suggests. Do something different from your daily routine at least once a week. Here is why. Continue reading Why to break your routine for one day?