This book has been the most embarrassing book for me to read ever, for it showed me the mirror. In effect it was deeply revealing, it gave me a perspective into how I had been looking at several things. Dr. Carol Dweck’s research has been the most revealing and explained many of my bizarre moments of life.
Personality Mindsets: Fixed Vs Growth
People with fixed mindsets believe that abilities are frozen in stone. Most of their efforts are spent in trying to prove themselves. People with Growth Mindsets believe that we can change and improve with practice.
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.
Book title: Work clean – The life changing power of mise-en-place Author: Dan Charnas ISBN-10: 1623365929 ISBN-13: 978-1623365929
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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
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
Book title: Ready, fire, aim Author: Michael Masterson (aka Mark Ford) ISBN-10: 0470182024 ISBN-13: 978-0470182024 Buy here
What this book is about
Ready, fire, aim is not a typo. It is a deliberate word play on the common phrase Ready, aim, fire. Written by Michael Masterson, this book describes the process of building a company right from the startup phase to an enterprise that earns millions of dollars. The title suggests that we should always start before we are fully ready to launch something and that we should never obsess to the point of perfection. By launching before the product is perfect, we are letting the market decide how to improve it rather than falling into the trap of hubris, where we falsely believe that we fully know the market.