Breaking news: Live events defer your life!

Live events have an element of mystery. They appeal to your craving for the unknown. They give you the high of watching something unfold in front of you.  On the flip side, missing a live event can induce FOMO, the Fear Of Missing Out. You feel terrible that others get to know something that you don’t.

Personally, I feel that the importance of live events is overrated. Knowing things as they happen is irrelevant. Unless you are a day stock trader, war strategist or natural calamity rescue operator, you don’t need live information. That’s why I have stopped watching live events. And perhaps you should too. I have also talked against live events in a previous post, The magic of planning for the next day. Continue reading Breaking news: Live events defer your life!

Book Summary: One upon Wall Street by Peter Lynch

One_upon_wallstreet_PeterLynch

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

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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


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How Rajinikanth teaches you productivity, discipline and humility

Though raised in Mumbai, I am Tamil. People from Tamil Nadu have a huge affinity for their top actor of all time, Rajinikanth. Internet memes have been created in his honour. At every movie theatre in Tamil Nadu, be in Chennai or Kanyakumari, when a Rajini movie is aired, fanatic Tamils stand up and cheer his every punch dialogue. It can be comical, entertaining, bewildering or exasperating, depending on whether you like him or not. I am not a big Rajini fan, nor do I call him a superstar, nor think he is a particularly good actor. But even I cannot deny that his so-called ‘punch dialogues‘ are packed with lessons for life, especially in the virtues of productivity, discipline and humility. Add to that the music scores that accompany his every punch line and the words seem profound and immortal!

Continue reading How Rajinikanth teaches you productivity, discipline and humility

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
How to Avoid Loss and Earn Consistently in Stock Market

 

ISBN: 9352679717 PaperBack
ASIN: B076MKJV6Y Kindle

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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


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Grow awareness, but nudge yourself

Recently, Maharashtra banned the use of plastic bags. Shops stopped handing out polythene bags overnight and people found themselves carrying things in their hands or going back home to set out with a cloth bag. It caused some confusion and friction for a week. Then everything felt okay. Carrying a cloth bag seems like second nature as Maharashtra has accepted and fully integrated the ‘no plastic’ rule.

Why wouldn’t people bring their bags before the ban? Why did it take a ban to spur them into action? And how could people change so quickly?

People already knew that use of plastic is questionable and that cloth bags are environment friendly. There were thousands of awareness programs about the ‘evils’ of plastic. But the systems were in favour of plastic. With polythene bags costing a fraction of a Rupee, shops would give you polythene bags free of cost. People didn’t need to carry bags with them and would set out empty-handed. Not anymore. With cloth bags being costlier, vendors stock up only paper bags. But paper is unsuitable for wet (curd) or really heavy (watermelon) grocery. People had to take stock of their behaviour and alter it. They needed a nudge.

And nudge, we too did. The featured image of this post shows our home’s front door, with a cloth shopping bag attached to the hook. It is nearly impossible for us to forget our bag behind. In this post, I want to emphasise the importance of nudges and triggers. I want to say why mere awareness is not enough and why you should have a system of triggers to make you really do something you plan. Continue reading Grow awareness, but nudge yourself

Why we write a blog and why you should too !!

Last week, we successfully published our 100th blog post in ‘We Are The Living’. The journey has been very transformative to say the least. To start this blog was a random whacky idea we picked from some online expert. The blog has been helpful in surprising ways. In this 101st post in ‘We Are The Living’, I would like to state these reasons and hope that they can persuade you to start your own blog too.

Encounter my devils

The lenses that in which we view our world as children often become some of the hardest filters to get out of in our life. Mine had been about my height. Even now when I write this sentence it gives me a little uncomfortable feeling. The first time I really caught this bull by its horn was in the post ‘The Joy of Acceptance.’ I can confidently say I felt infinitely better after I wrote and published that article. It was also reassuring to know that it helped many others with the same struggle.

Another of my devil was my stinginess which I faced in ‘Why we should celebrate.’ Putting my fears, inhibitions and guilt in black and white made me take a step back, accept and handle them much better.

Continue reading Why we write a blog and why you should too !!

Book summary: Getting Things Done by David Allen

Book title: Getting Things Done: The Art of Stress-Free Productivity
Author: David Allen
ISBN-10: 0142000280
ISBN-13: 978-0142000281
Buy on Amazon.in | Amazon.com

 

 

 

 

 

 

Intro

The biggest problem in our modern life is that we overload ourselves with information and objects, but don’t have a good system to organise them. As a result, everything is a tangled mess, where we can hardly find what we need. Be it our houses or our email inboxes, we always face two problems.

  • We search all over the place and don’t find what we need immediately. This wastes a lot of time, which could have been put to productive use.
  • Eventually we give up our search and get copies of the same thing. This adds to our clutter and the size of the proverbial haystack, making it more difficult to find things the next time.

In his book, Getting Things Done, David Allen attacks the problem with a 5-pronged plan that you can start applying right now. Continue reading Book summary: Getting Things Done by David Allen


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Moments in a Bottle

We have all had struggles with bottled up emotions, frustrations, unhappiness, embarrassment, guilt etc. But how about flipping it up bottling up your happiness, joy, love and so on. I do not mean bottling up in the conventional way of not expressing it to the outside world, but quite literally bottling it up. i.e writing it up and putting it inside a bottle.

This was an idea that was made famous by Elizabeth Gilbert of the novel ‘Eat,Pay,Love’. We heard it though from Tim Ferris who was coerced by a friend to use it to stop and celebrate, enjoy his success and happiness before moving onto the next thing.

Continue reading Moments in a Bottle

The magic of planning for the next day

Let’s rewind to your morning today. Did you wake up with purpose, knowing exactly what to do for the next six hours? Or did you open your eyes with your brain all clouded, knowing that you have zillions of things to do, but with no idea about where and how to start? In this confused state, it is very easy to pick activities that need very little effort. For instance, snooze the alarm & stay back in bed. It is very easy to cling to activities that make your brain feel busy, but you aren’t doing anything productive. For instance, reading the newspaper all morning, browsing your email or watching TV. Continue reading The magic of planning for the next day

5 things We learnt in Our One Year of Travel

Quitting our jobs and giving up our house, to travel around India for one year is one of the most radical things we had ever done. Now that we are back from the epic journey it is time to look back and reflect how the year has been for us and what we had learnt in the journey.

(1) Start before you are ready

Before every trip most people plan judiciously. A packing lists that covers all possible scenarios, like rain coat if it rains, 5 kinds of accessories, 3 colours of lipsticks etc to match the dress that we carry and might buy. Things to do before the trip like cancel the newspaper, inform the maid, close the water taps, get a new cylinder etc.  Even a short trip of one week can be overwhelming if we keep such exacting demands on ourselves to be prepared for everything and to look perfect in every part of the trip.

In reality, we can never be fully prepared and ready for all the demands of travel or life.

As Tim Ferris says ” The stars will never align and the traffic lights of life will never all be green at the same time. If it’s important to you and you want to do it ‘eventually,’ just do it and correct course along the way.”

So like Nike says ‘Just do it.’ Atleast get started.

Continue reading 5 things We learnt in Our One Year of Travel