Insanely Practical

Becoming rich and staying rich are two different things. Becoming rich involves a lot of effort and getting out of the comfort zone. Of course, you need to work your ass off. But staying rich requires intelligence. Because money put on depreciating assets can reduce the wealth into half within a short period. All the efforts that were put on creating this massive wealth goes in vain. Staying rich is equally important as becoming rich.

Margin of safety should be considered as a form of safeness factor. The amount of risk it will helps us to minimize while making an investment is highly useful. Buying stocks rather at the fair value than market value makes sense.

A day can be madede little bit more productive when planned. Planning blocks free flow of time to some extent.

People's perception about money is different. But we can observe that regardless of their diversity in perception, all of them are busy chasing it. And very few realize early that chasing money should not be the first priority. So they chase experience and happiness instead. But those who are chasing money keep it as their prime focus. Not every one goes the same way to make money. We see people investing, doing business, learning the new age skills and few become thieves and pirates. The reason people choose different ways are because of their diversity in perception forged by unique experiences.

What to do when hours of hard work just because you pressed the wrong button accidentally gets deleted? Cotemplate on the mistake and improve next time

Most of the time the bad performance is imparted on the employees or those who work as a group. With good equipment and working condition, there is still some huge loses. The revenue steeps down and the operational expenses are shooting up. The reason might be with the leadership. The person at the top must be the reason behind such a drastic fall in the profits or the desired outcome. Under him works the mob and he needs to make sure that they are well protected and safe. Safeness doesn't mean it is of external physical threat, it may be the insecurity that they feel inside the work place. By offering them the security, things would be better.

Deep work is the meaningful way to achieve the results within calculated time. Deep work isn't only useful for professional cause, its impact innthe personal life is substantial. It makes the cognitive brain to function at it best and to direct focus as the way we want.

Shipping is equally important as producing. Once the product is ready to ship, it must be shipped instead of thrashing. A lot of product might get thrashed if the deadline is fragile.

We need to be cautious while taking trades on the assets which we barely heard about. Most of the time these assets, since they are far from our acquaintance gives us bad impressions every time. Either we have to make acquaintance with it or trade with what is already familiar to us.

Imperialism sometimes can be be referred as looting. The most effective way to show the power is to acquire more land as possible. This is was the motive behind imperialism that once it was flourishing. Although they knew somehow this will not be their land forever, they started looting and looted at utmost.

Health is a prime factor and without a healthy body, there is no healthy mind. We must build a strong body to cater the mind.

Society as a pyramid is real and those who at the top always likes to be at the top. Whatever they preach at the public won't work. The thing is that you will be doomed of you live below the the pyramid.

Addiction can be overcome by rewarding harmful feeling after performing it. Here the brain gets a notification that this act is associated with something dangerous and a frequent exposure to this phenomenon makes brain beleive that this is something that seriously dangerous.

Being uncomfortable with anything is a sign that we should seek what's there to is. Most of the people settle instead. This mistake once proceeded results in a great misery.

Focusing on industrial average return is good for wealth creation. Most of the time, when trying to double the money by each results in havoc. The wealth creation turns into a rollercoaster of ups and downs and finally yielding to a huge loss. We tend to put money based on the momentum and by the time we put this, it will be over and might turn to the distribution stage. Since the long term vision is now way nearer, then it will be hard to sustain at worst stages.

Human cravings through abstinence can be restricted to a certain extent. But it won't work always. Even for monks, they sometimes fall into the prey of sexual pleasures and ruining their entire reputation at the end. There is nothing to blame. The biological desires, if not satisfied eventually comes back with strong appetite and we fall prey to the cravings. A balanced life portfolio is better than having mastering at a single expedition.

Courage plays an incredible role in execution. For the things that demand creativity and focus often comes with a risk of failure. By creating our own product and making it suitable for the masses requires tonns of effort. But it isn't enough. The continuous push we gave to ourselves must be backed by the courage. Any time we must push the 'shipping' button not knowing what's gonna happen after that.

Colonialism happens when two nations with power disparity meets. The one with great military side and great wealth accumulation wins. That is strategic. More wealth means more power. Everytime they lose something, they can bring it back with monetary power. Being democratic isn't enough, being a superpower is what it takes to defend and invade.

 Valuation should be taken into account before considering the investment. Once you find the company as overvalued, then you should stay away from it at least till correction. Correction is inevitable and for whatever it is, correction will happen sooner or later.

To have a good portfolio isn't about finding several multibaggers or investing in coins that are ready to explode, it is about diversifying the portfolio. Diversifying the portfolio is not just putting money into some random assets, it is actually diversifying the risk. Because narrowing risk to just a few assets is foolish. The greater the risk, the greater the reward and worser the failure. So having a well-diversified portfolio is important than having multibaggers.

 To become great we must let go of the good. Keeping the old prodigy and living in that term is certainly won't take us far. That is why we must adopt the fact that what bought us here won't take us there. we must always strive to become better each day to become great. Most people are averse when it comes to changing their beliefs and thereby changing their beliefs. The first and foremost is that it is hard and requires a lot of effort. But once we begin the journey to become great, we must adopt the habit of learning. Anything that requires the paradigm shift requires hardcore learning and never-ending questioning. But one thing for sure is that this journey will definitely reward the effort. 

It is evident that the highly valued stocks always corrects itself. It doesn't matter whether it is in a booming industry or a company with solid fundamentals, once it reaches high valuation, it will someday somehow corrects itself. By somehow I meant that the usual occurance in stock market. The news, people's psychology, candlestick formation, poor financial results, corporate mismanagement, lawsuits and price action. It is not necessary that any of this should contribute to the fall. But one thing for sure is that, once overvalued, it always corrects.