I had the pleasure of chatting with Louis Gave (@gave_vincent)--CEO of Hong Kong money manager Gavekal--in London recently.
Louis has been investing in China for almost 30 years. When it comes to REALLY understanding China, Louis is second to none.
Insights from our chat ⬇️🧵
#Traders are often not stressed by external things. They stress themselves!
If you put too much pressure on you, you can't trade correctly. Make a break and retry it again. Have the right expectations!
"The best way to play a game is to detach from the scoreboard.
The scoreboard is your best friend if you use it to track your progress.
It becomes your enemy if you attach your ego with it."
@KunalBSarkar
Roger Federer is one of only six athletes to cross $1 billion in career earnings while still active.
The part you didn't know?
He left behind a $10 million annual sponsorship deal with Nike and turned it into a $600 million-plus payday.
Here's the wild story 👇
@sanarayan Dabbawala were content n happy with their growth.. Uber n Ola were also born because of high margins enjoyed by Rick/taxi due to frequent price hike they took.. high margins made the field level playing for them to compete. Someone's complacency is always opportunity for others
@ashwinidamani Mf are open ended for subscription/redemption on daily NAV. LIC n EPFO are long term product with lock-in. Seeing daily NAV doesn't help (example PE or RE investment) .. obviously disclosure/portfolio and more transparency is good
There is always this wonderful tension between veteran investors and emerging/new investors that have outperformed.
I'm always reminded of this wonderful story by Stan Druckenmiller. 🔥🔥
@sidd1307 “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
The Psychology of Money is the culmination of more than a decade of thinking and writing from @morganhousel.
I enjoyed it as much as I enjoy reading his articles every week.
These are my favorite points from every chapter.
THREAD/
#DidYouKnow
Sudha Murti (Wife of #Infosys founder Narayan Murthy whose wealth is over 2500cr) sells vegetables in front of Venkateshwar Temple for 1 day every year to get rid of any kind of EGO अहंकार
🙏