Friday, February 10, 2006

Self related ...

* The amount of money you can make with your hands is limited, however what you can make with your brain is limitless.

* We need tricks(not grand moral doses) to rid ourselves of the human weaknesses.

* Always ask ... what do I need to learn more?


* You are what you think. Apparently your word primes(molds) your subconscious.

* Regularly find-out and rearticulate your basic goals, purpose & needs.

* Monitor the mind to figure out if it is getting egocentric/irrational. Once detected, take corrective measures.

* Avoid ego-centric folks.

* "Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned". -Buddha

* Quality of relationships have very important affect on our feeling of well being. It affects Happiness, Motivation. But also might interfere with Concentration.

* One is scared of things that one doesn't control. (Car vs Plane example ...)

* In most cases, Friends/Peers influence more than Parents.

* Given a choice between rash decision and no decision, choose rash hasty decision.

* Learn by observing what others are doing.

* Maintain your own personal journal.


Finance related ...

* What you can earn with your hands is limited, however what you can earn with your brain is limitless.

* Research successful funds and try to find out which stocks they are buying.

* Set your stop losses to 7%.

* Better to concentrate than diversify.

* Concentrate to become rich, and diversify to remain rich.

* In addition to price change, keep an eye on the volume change.

* Remember the person who takes risk is the only one who becomes free.

* When deciding whether to sell something and buy something else, see it this way. If you did not own anything, which one would you buy?

* Invest & forget is the best strategy.

* Use your survival instincts.

* Remember collateral values get affected by the very act of credit.

* The secret to doing well in the market is not to be right all the time, but to lose the least amount possible when you might be wrong.

* Test any "testable" hypothesis before putting it into practise.

* People only learn from personal experiences. Effectively, one has to find it on its own. Such discoveries last.

* Psychologists Daniel Kahneman and Amos Tversky have confirmed via their studies that for most people, the pain of a financial loss is more than twice as intense as the pleasure of an equivalent gain.

* Buy Index funds.

* Use your shopping Mall has a good starting point in your stock picking journey.

* Business idea should be illustrable by using an Crayon.

* "Do not let the tax tail wag the investment dog[,]"

* What you do instead of your real work is your real work.

* Create new multiple profit centers.

* Find companies with cash in the bank more than its market capitalization.

* Fight herd mentality.

* Ideally P/E should not be more than the growth rate.

* Try to piggy back your investments on the professionals.

* Check out fund managers and the strategy that is working for them.

* Seek companies that are not easy to replicate.

Time & Priority Management tips ...

* Email is important to your job, but do not become a slave to email; it can rule your life and actually make you less productive.

* Don't keep Email up all day or you become a slave to it - answer the necesary ones early in the morning, close it out, do other tasks, and open it again later in the day.

* For messages that require substantial time commitment, drag and drop the message on the Calendar icon in Outlook and schedule it is an activity. When the time comes to act on the task, work on it until completion.

* Download technical/sales training in audio format and listen to them in your car during the 2+ hour commute. If they come down as wma, convert them with a little piece of software that can be bought from wma to mp3. Then burn mp3's on cd and play in the car.

* Manage time so that busy tasks get done during the 'loud' times of day. Quiet times should be when the heavy engineering (research, designs) gets done - this is when you need quite to concentrate.

* Instead of todo list, use calendar to direct your day to day activities.


* During the day take 5 minutes off to go outside, walk around, and collect you thoughts for the 2nd half of the day.

More ... coming soon ... very soon ...