Category: Bookworm

The-Most-Importat-Thing

The most important thing

The last post of 2014 would be to learn from one of the investment classics, “The most important thing” by Howard Marks.

The book has a clear disclaimer in its introduction and I love, it reproducing for you below

You won’t find a how-to book here. There’s no sure fire recipe for investment success. No step- by- step instructions. No valuation formulas containing mathematical constants or fixed ratios— in fact, very few numbers. Just a way to think that might help you make good decisions and, perhaps more important, avoid the pitfalls that ensnare so many.

Now coming to understand what is the most important thing in investing, the Most Important Thing is not a single thing but a of host things . . first up is second- level thinking , in words of author

First- level thinking is simplistic and superficial, and just about everyone can do it (a bad sign for anything involving an attempt at superiority). All the first- level thinker needs is an opinion about the future, as in “The outlook for the company is favourable, meaning the stock will go up.” Second- level thinking is deep, complex and convoluted. The second level thinker takes a

… Read the rest
Weekly Digest

A review of The Dhandho Investor

Weekly Digest – The Dhandho Investor, this week focuses first on an investment book – The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai . This book by Mohnish Pabrai describes the concept of value investing in the simplest terms. Even a person new to investing could get a good idea of how value investing really works. He also shows how he reverse engineered Buffett’s investing mechanism and used it in his investment style.Mr. Pabrai’s idea generation- reworking of older philosophies into a newer framework and language is very thoughtful.

Watch this interactive video with Author , the main concepts from book are shared in video as well

Buy book here
viagra cialis generico It has been launched with the various levels of diabetes in addition of ED treatment. Over practice of alcohol may bring erection issue and that too try address online prescriptions for cialis in a negative manner. When the buy cialis brain senses sexual stimulation, it sends nerve signals to be sent from brain to the male genital organ, which results it to become erect. Gupta will give you best pfizer viagra prix Erectile Dysfunction pill at lower prices.

*****

Students of … Read the rest

Yes you can start at $100 Dollars !

Fire your boss, Do what you love and work better to live more

This is how Chris Guillebeau starts his best seller $100 dollar start up–  what follows is 274 pages of biblical material for all aspiring micro business owners.

What is a micro business ? – a business that can be started with $100 or less in pocket and you definitely don’t need to be an MBA. The book is laced with examples of 50 ordinary men and women who made it with $100 or less.

It is another self help manual to become rich ? – No . This book is a blue print to build on dream that you always had – quitting the 9-5 circle to live and earn with freedom. Stories of ordinary folks on how personal freedom lies in pursuit of value for others.

The books kicks off with a lesson on convergence, often heard the idiom make passion your work however we have to understand that not everything that we are passionate about or skilled at, is interesting to the rest of the world. Like I am passionate about reading, but would anyone pay me for reading – I would be glad … Read the rest

What I learnt from Tim and The 4 hour work week

I had recently laid my hands on this fantastic book by Tim Ferriss.  Although written in 2006 it is still relevant in today’s times .

I would not like to discuss each and every  tricks,tools  & ideas which he has shared in his book, however I would like share what is the best I learned from this book. Without further Adieu here we go:-

  1. The timing is never right – Quoting from book “I once asked my mom how she decided when to have her first child, little oP me. The answer was simple: “It was something we
    wanted, and we decided there was no point in putting it off. The
    timing is never right to have a baby.” And so it is. Life is a glorious journey of uncertainties, there will be in doubts , questions & confusions  in whatever we want to pursue. There is no joy in putting off something which you always wanted to do because unless you do it the timing will never be right. Consider what is stopping you  financially, emotionally, and physically ? and then take it head on
  2. Stop being busy – There are deadlines to meet in jobs, commitments to fulfill
… Read the rest