26th January 2020
Wealth Is What You Don’t Spend
There’s nothing wrong with that. Earning more is wonderful, just like exercise. We just shouldn’t lose sight of the fact that earning more will do little for building wealth if every extra dollar is offset by a dollar of new spending.
Why not to use two axes, and what to use instead
The scales of dual axis charts are arbitrary and can therefore (deliberately) mislead readers about the relationship between the two data series.
Transcript of "This could be why you are anxious or depresssed"
So far, we have scientific evidence for nine different causes of depression and anxiety. Two of them are indeed in our biology. Your genes can make you more sensitive to these problems, though they don’t write your destiny. And there are real brain changes that can happen when you become depressed that can make it harder to get out.
But most of the factors that have been proven to cause depression and anxiety are not in our biology.
2020 Startup Themes
The increase in revenue comes at the cost of long-term customer satisfaction, but nobody knows how to really measure that, so investors don’t care. Now Instagram has too many ads and finding a genuine phone charger on Amazon requires a degree in investigative journalism.
18th January 2020
Kodak vs. Fujifilm
In 2001, the film sales peaked worldwide but as the president of Fujifilm remembers: “a peak always conceals a treacherous valley.” First, the market began shrinking very slowly, then picked up speed and finally plunged at the rate of twenty or thirty percent a year. In 2010, worldwide demand for photographic film had fallen to less than a tenth of what it had been only ten years before.
Your Body Clock & Your Health
Majority of Indians suffer from chronic circadian rhythm disruption because of their eating patterns. Some of this is shaped by culture and some by the new urban lifestyle. It is customary for people to wake up early and have a cup of tea or coffee and a snack. This breaks their overnight fast. The body can efficiently process food for the next twelve hours at best. But they eat dinner late, often after 9pm. More than a third of their food is consumed when the body cannot optimally process it. Consequently, the incidence of pre-diabetes, diabetes, hypertension, heart attacks and general inflammatory diseases are on the rise even in people in their 30s and 40s.
Success is not permanent
How GE got killed and who killed it ?
Of course, GE is not dead, and it may well revive and flourish as a company. After all, IBM came back from the dead in the 1990s. But the GE model is dead — and there’s a long list of possible suspects.
How to remember anything forever
Spaced repetition can do wonders to improve your memory of data .
11th January 2020
Great Companies and Average Companies
Successful companies built one product at a time. They do not clutter.
Lesson from Magic
A Magician Explains Why We See What’s Not There.
Our brain is constantly picturing what the future should be.
All the information and data is not important
You don’t need read /react or reply to all the news , all the TV shows , all the emails , all the messages .
With too much data around , one needs to categorize & pay attention where he/she should spend time .
Like information which is useful but expiring is less important than the information which is useful and permanent
Acknowledging luck is not a sign of weakness
When we assess others, we tend to attribute successes to circumstance and failures to character — and when we assess our own lives, it is the opposite.
Everyone’s relationship with luck is somewhat self-interested and opportunistic.
04th January 2020
Building of Prestige - Bankruptcy To A Billion
I took every day as it came. I did not have a master plan that this was gonna become this big. If somebody had asked me 40 years ago if I will be talking to a TV channel, billionaire, what have you…I would have said, ‘No. No chance.’ So everything was by taking it as it comes. What will I be doing, what I am, it is all…I don’t like to use the word fate. It is chance.
What you want to become in future ?
Write a letter to yourself !
Setbacks can take you to the top
Top athletes – it turns out, many others – have a way of turning pain into rocket fuel. The defeat becomes a reason to push themselves even further the next time.
Which Business Model You Need To Pursue
The decision? Whether to grow slowly, organically, and profitably, or whether to have a big bang with very fast growth and lots of capital.
How Much Information You Need
Beyond a certain minimum amount, additional information only feeds — leaving aside the considerable cost of and delay occasioned in acquiring it — what psychologists call “confirmation bias.”
28th December 2019
Myths of the Indian Consumption Story
In Taiwan for example, the economy experienced accelerated growth on the back of huge investments in education. A highly skilled labour force and a high savings rate provided the perfect recipe for economic prosperity. However, Latin America largely squandered its opportunity. Policy Makers in India are well aware of this fact. In fact, SBI only recently warned about the dangers of India losing its demographic dividend by citing the example of "empty primary government schools in Karnataka". Unless there is an environment that facilitates useful education, the demographic dividend will likely remain a pipe dream.
The Psychology of Prediction
During the Vietnam War Secretary of Defense Robert McNamara tracked every combat statistic he could, creating a mountain of analytics and predictions to guide the war’s strategy.
Edward Lansdale, head of special operations at the Pentagon, once looked at McNamara’s statistics and told him something was missing.
“What?” McNamara asked.
“The feelings of the Vietnamese people,” Landsdale said.
That’s not the kind of thing a statistician pays attention to. But, boy, did it matter .
It’s harder to be kind than clever.”
If you can’t be kind, if you won’t empathize, then you’re not on the team. That team is Team Humanity, where we are all in this thing together. Where we are all flawed and imperfect. Where we treat other people’s point of view as charitably as we treat our own. Where we are civilized and respectful and, above all, kind to each other—particularly the less fortunate, the mistaken, and the afraid.
Want to know certain complex subjects in an easier way , well you should visit this website
My favourite ones are :
The Size of Space
The Deep Sea
The Baby Map
2020 Startup Themes
Online Advertisement -This increase in revenue comes at the cost of long-term customer satisfaction, but nobody knows how to really measure that, so investors don’t care. Now Instagram has too many ads and finding a genuine phone charger on Amazon requires a degree in investigative journalism.
As this chewing gum loses flavor in the coming year, there might be an opportunity for startups to traverse previously impassable peaks and attack an incumbent head-on. A new search engine. A new social network. It’s been a while since we had a new consumer startup, and it might just happen next year.
Key Employee Risk
Parachutes were so precious to the Apollo program that only three people in the nation were qualified to hand-pack the parachutes for the Apollo 15 capsule: Norma Cretal, Jimmy Calunga and Buzz Corey, who in 1971 — the year of that mission — all lived in Ventura County. Their expertise was so vital, they were not allowed to ride in the same car together for fear that a single auto accident could cripple the space program.
21st December 2019
Does This Make Any Sense?
China’s economy is two-thirds the size of the U.S. economy but has 4 times as many people. Yet the U.S. has a stock market capitalization that’s nearly 16 times larger than China’s.
India has 4 times as many people as the United States but an economy that’s one-tenth the size and a stock market that’s 1/50th the size.
Does this make sense?
7 customer service lessons from the best Uber driver ever
Schwartz argues that “the human brain is like a factory with two foremen: one is a ‘no man’ and the other is a ‘yes man’ . . . If you give the job to the ‘no man,’ your own mind will start finding logic and reasons to prove how can’t you do this job.”
State of Indian Economy
Savings and incomes are down and the economy is in a tailspin.
What happened to India’s dream of emulating China?
Focus on creating something beautiful, wealth would follow
Love something,learn it, master it,create it.Wealth automatically follows.
Till date,Mariah Carey has earned Rs 500 crores(US $ 70 Mn)from this song in royalty .
Majority of it comes on Christmas Days-whenever it is played -YouTube ,Alexa , iTunes etc.
Being ‘Busy’ Doesn’t Mean You’re Successful
Every time you say you’re busy, you’re actually saying that you can’t prioritize your life.
Most people identify being busy with being successful. But unlike 95% of the people I know, I don’t think being busy means you’re successful.
The truth is: If you’re busy, you don’t live at all. You just exist.
14th December 2019
Illusion of Transparency: Your Poker Face is Better Than You Think
Most of the time, other people can’t correctly guess what we’re thinking or feeling. Our emotions are not written all over our face all the time. The gap between our subjective experience and what other people pick up on is known as the illusion of transparency.
Things We Take for Granted, and Things We Don’t Miss
Suitcases with wheels didn’t become popular until the mid 90s. This was one of those things that made me stop and think, wow, I haven’t once thought about what a pain in the neck it was to travel when you had to carry your luggage.
A Deadly Day of Chaos at the Top of Mount Everest
Off late , the Everest experience often seems to have devolved even further into a circus-like pageant of stunts and self-promotion. In April 2017, DJ Paul Oakenfold outraged mountaineering purists by hosting an EDM concert at the base camp in Nepal; this year three Indian climbers returned home to celebratory crowds after they supposedly summited on May 26, only to be accused of fraud after other mountaineers claimed that they never made it past 23,500 feet.
The Greatest Story Ever Told
- Stories can be more powerful than tangible things.
- Stories are often wildly disconnected from our productive capacity.
- We confidently convince ourselves of absurd stories.
- We’re in a new era of storytelling, which changes how all of us need to think about investing.
I Passed on Berkshire Hathaway at $97 Per Share - MicroCapClub
Much of what I learned, I learned from watching extremely successful investors make and lose money. And from losing my own money.
6th December 2019
Elon Musk: The Architect of Tomorrow
They’re jerks who want us to die,” Musk elaborates. “They’re constantly trying to make up false rumors and amplify any negative rumors. It’s a really big incentive to lie and attack my integrity. It’s really awful. It’s…”
Avoiding Stupidity is Easier than Seeking Brilliance
In expert tennis, about 80 per cent of the points are won; in amateur tennis, about 80 per cent of the points are lost. In other words, professional tennis is a Winner’s Game – the final outcome is determined by the activities of the winner – and amateur tennis is a Loser’s Game – the final outcome is determined by the activities of the loser. The two games are, in their fundamental characteristic, not at all the same. They are opposites.
The most dangerous of all people is the fool who thinks he is brilliant.
The Path Of Least Resistance
The principle is that energy always moves along the path of least resistance and that any change you attempt to make in your life will not work if the path of least resistance does not lead in that direction. Find out how the universe , then acts accordingly.
How Life Imitates Chess by Gary Kasparov
The lesson here is that if you play without long-term goals your decisions will become purely reactive and you’ll be playing your opponent’s game, not your own.
1st December 2019
If you’re not spending 5 hours per week learning, you’re being irresponsible
We need 5 hr per week of learning to retool ourselves .
The grandmaster diet: How to lose weight while barely moving
Want to lose weight- be any analytical person , or become a chess player or take too much stress.
How Travel Can Change the Way You Think
Here are some goals if we want to take full advantage of travelling to new place .
- Try to actively know the place you are in. Observe the customs. Interact with the locals.
- Learn the whys behind the observation. Explore the history. Ask questions. Try to understand the answers in relation to what you are experiencing now, setting aside any previous assumptions.
- Notice how the journey is affecting you. What memories surface? What new insights do you have? Are your opinions and beliefs challenged?
1000 Fans & Business Success
If you want to be a successful businessman, to be a successful creator you don’t need millions.
You don’t need millions of dollars or millions of customers, millions of clients or millions of fans. To make a living as a craftsperson, photographer, musician, designer, author, animator, app maker, entrepreneur, or inventor you need only thousands of true fans.
Research highlights three main factors that lead to excellence:
- Qualitative changes in behavior
- Recognition of talent as a useless explanation
- Mundane actions, compounded over time
You See What You Want To See
This concept, known as confirmation bias, demonstrates why we tend to ignore or reject information that goes against our most deeply held beliefs.
Want to Become a Multimillionaire? Do These 14 Things Immediately
"The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire." -- Jim Rohn
24th November 2019
THE BUS TICKET THEORY OF GENIUS!
Everyone knows that to do great work you need both natural ability and determination. But there's a third ingredient that's not as well understood: an obsessive interest in a particular topic.
WHAT IS CHASING YOU !
We are all being chased by something. That thing is put there for a reason. You weren’t put on this Earth to be average. You were meant to crush it in business and in your personal life. To be successful you need to wake up every day like something is chasing you.
THE NEW DOT COM BUBBLE !
"Marketeers actually believe that their marketing works, even if it doesn't. Just like we believe our research is important, even if it isn't."