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

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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.”

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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.

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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.

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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.

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Book Summary: The Richest Man in Babylon

This is one of the oldest books on investments and personal finance that has survived time and covers all the basic knowledge required for a beginner wealth builder. The fable covers simple advice to start wealth building to most common mistakes committed by those in their journey to financial independence.

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Book Summary: To Sell is Human: Daniel Pink

to sell is humanTo Sell is Human Daniel Pink

  • ISBN-10: 0857867202
  • ISBN-13: 978-0857867209

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Dan Pink in this book discusses the changing landscape of Selling where buyer is now the King and all of us are sellers in one way or other. He challenges a lot of accepted norms of selling. He also proposes new ways that has worked for people who thrive in this new environment. Dan has divided the book into three parts. Lets us now examine each part of the book individually.

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In Praise of Effort

Baijnath, a small town in Uttarakhand, has a complex of 18 temples of Lord Shiva and other deities. The temples are credited to the Katyuri rulers who ruled this part of India at the time to which the temples have been dated.

The narrative has been dramatised by the locals to the point where they believe that the temples came up overnight through magic. This myth surrounds several architectural landmarks in India and abroad.

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Book Summary: Just Ask the right questions to get what you want : Ian Cooper

Just Ask
Just Ask
  • ISBN-10: 0273712780
    • ISBN-13: 978-0273712787

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This is a short book but is going to be a difficult book to summarize as it as numerous short chapters with valuable content. The index itself itself runs four pages, so I am going to just give you enough info to prompt you to pick the book.

Why asking the right questions is important?

One who asks the questions, owns the conversation. We are inherently tuned to answer any question posed in front of us. So by asking the right questions, we can direct our and the other persons thing in the direction we want.

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