T.Raveenthiran

Former High Commissioner of Sri Lanka to Nigeria & Kenya.

[T.Raveenthiran @Raveenthiran80]

Heat is especially hard on people taking antidepressants https://t.co/N2fKVGaYlQ

[Johan @Adityapandeydev]

Warren Buffett on what actually makes a life successful:

1. "if you get to be 65 or 70 and the people you want to love you actually love you, you're a success."
i've met very rich men. testimonial dinners. schools named after them. and nobody loves them. their own kids say "he's in the attic."

2. the best investment you'll ever make is in yourself.
learn to communicate. on paper and in person. if you can't get your idea across, it's like winking at a girl in the dark. nothing happens. get good at it and you raise your own value 50%. and nobody can ever take it from you.

3. you get one mind and one body. that's the whole deal.
say i gave you a car and told you it's the only one you get for the rest of your life. you'd read the manual. keep it in the garage. baby it.
you get exactly one body like that. you can't start caring for it at 50. by then it's rusted out.

4. you become whoever you spend your time with.
you drift in the direction of the people around you. so pick people better than you.
the biggest pick of your life is your spouse. marry someone a little better than you. and hope they don't figure it out too fast.

5. with money, doing nothing beats doing something.
a farm or an apartment, you can't sell it tomorrow. so you just hold it. stocks you can sell in a second. so people can't help themselves.
but moving your money around isn't smarter than leaving it alone. buy a piece of america and stop touching it.

[Rohit @HeyRohhit]

Watch this 2-hour Lee Kuan Yew interview. It'll change how you think about leadership.
It is more valuable than 20 business books.
Bookmark & give it 2hour today, no matter what.

[Annie 所长 @web3annie]

听好了，这是马斯克对 5 年后 AI 世界的 3 个预言：

1. 你们引以为傲的文凭，三年内会比厕纸还不值钱！
你花四年学的金融模型、法律条文、医学诊断，机器人看一眼就学会了。读医学院？别去了，2030年Optimus机器人做手术的水平，会超过地球上任何一个顶尖人类外科医生

2. 人类不再是地球上最聪明的物种了！
2031年，全球所有数字智能的总和 ＞ 所有人类智能

3. 你现在拼命存钱准备退休？蠢透了
5-7年内全球经济总量翻倍，人形机器人数量超过人类，它们盖房子、修水管、做手术、开卡车，钱这个东西会失去意义，彻底不需要了。

因为你想要什么，机器人都能造，能源来自太阳，材料来自回收。

[Lewis 🏴󠁧󠁢󠁷󠁬󠁳󠁿 @WaldronLewis]

Jeff Bezos literally gave a 40-minute interview that explains how to build and run a company better than any leadership course ever written. Here's what he shared:

1. You don't make thousands of decisions. You make a handful that actually matter.

"As a senior executive, you get paid to make a small number of high-quality decisions. Your job is not to make thousands of decisions every day." Most people measure themselves by how busy they are. Bezos measures himself by how good his few big decisions are. Everything else gets delegated.

2. Three good decisions a day is plenty.

"Warren Buffett says he's good if he makes three good decisions a year. I make like three good decisions a day." He deliberately keeps the number small so that each one gets his full attention. The goal is not volume. The goal is quality on the things that genuinely move the company.

3. Protect your sharpest hours for your hardest thinking.

Bezos refuses to schedule anything important before 10am or after 5pm. "I like to putter in the morning. I like to read the newspaper, have coffee, have breakfast with my kids before they go to school." He does his high-IQ meetings before lunch because by late afternoon his brain is done. "If it's a really mentally challenging decision, that's a 10am meeting. Because by 5pm I'm like, I can't think about that today, let's try again tomorrow at 10am."

4. Sleep is a business decision, not a luxury.

He aims for eight hours a night, and he frames it purely in terms of output. "I think better, I have more energy, my mood is better." He points out that as a senior leader making a small number of huge decisions, being tired for even one of them is far more costly than the extra hours of work you'd get by sleeping less.

5. The decision that built Amazon came from imagining himself at 80.

When Bezos had a great job at a Wall Street firm and wanted to leave to sell books online, he was terrified. So he built what he calls the regret minimization framework. "I wanted to project myself forward to age 80 and say, okay, I'm looking back on my life, I want to have minimized the number of regrets I have."

6. Almost every regret is something you didn't do.

"I knew that when I was 80, I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn't regret that. But the one thing I might regret is not ever having tried. And that would haunt me every day." Most regrets are acts of omission, the paths you never took.

7. When you invest early, you bet on the person, not the idea.

When Bezos told his wife and parents he was quitting to start Amazon, they backed him instantly, before they even understood it. "With your loved ones, you bet on them. You're not betting on the idea, you are betting on the person." The idea will change a hundred times. The founder is the constant.

8. The stock is not the company, and the company is not the stock.

When the dot-com bubble burst, Amazon's share price collapsed from $113 to $6. Bezos didn't panic because he was watching the business, not the price. "I was watching all of our internal business metrics. Number of customers, profit per unit, defects, everything you can imagine." As long as the real numbers moved in the right direction, the share price was just noise.

9. Never feel smarter because the stock went up.

"When the stock is up 30% in a month, don't feel 30% smarter. Because when the stock is down 30% in a month, it's not going to feel so good to feel 30% dumber." He simply refused to let the daily price affect how he felt or what he decided. The market's mood is not a scorecard for your business.

10. Obsess over customers, not competitors.

"It is a huge advantage to any company if you can stay focused on your customer instead of your competitor." Bezos says this is the single biggest reason Amazon succeeded. Competitor-focused companies wait to see what rivals do. Customer-focused companies keep inventing because customers are always divinely discontent and always want more.

11. Pioneering buys you roughly two years before the copycats arrive.

Bezos is clear-eyed about invention. If you create something genuinely new, you get about a two-year head start before competitors clone it. That window is everything. It's why he pushes Amazon to keep inventing rather than defending. The moment you stop pioneering, the clock runs out.

He warned his early investors there was a 70% chance Amazon would fail completely. He was right that it was a gamble, and he did it anyway, because the regret of never trying would have been worse than the failure.

Here's the thing though....

Bezos became the most studied businessman alive because his thinking was written down and shared. The shareholder letters, the interviews, the frameworks. The company made him rich. The ideas made him a teacher to millions of founders who will never meet him.

We build massive distribution and grow personal brands on X and beyond without our clients lifting a finger.

If you're a founder or VC looking for that kind of exposure, book a call below:

https://t.co/iVgfrRVQGj

[Investment Wisdom @InvestingCanons]

Warren Buffett: "What gives you opportunities is other people doing dumb things."

Charlie Munger: “…if people weren’t so often wrong, we wouldn’t be so rich.”

[Ronit Pereira @CAronitpereira]

Warren Buffett on his Diet:

“Partly I stay healthy by staying happy, doing the thing I love, working with people I like to work with.”

“I’ve gone light on the diet advice, I eat like a normal 6 year old. If you look at the mortality statistics, 6 year olds don’t die very often.” 😂

[Atlas @crptAtlas]

Peter Lynch turned $18 million into $14 billion, averaging 29.2% a year for 13 years

Warren Buffett once called him just to ask, "can I use your quote?"

He just gave his rarest interview in years and explained exactly how he picks stocks

"if you can't explain to an 11 year old why you own a stock, you're toast"

He owns zero AI stocks

He can't even pronounce Nvidia

He works off yellow pads and a phone

And he still beats almost everyone

He walked away at 46 because his father died at that exact age

"I remember that number"

If he had stayed, the fund would be worth $60 billion today

His entire edge was a thesis so clear a kid could repeat it

And that clarity is really just verification done by hand

A quant loop does the same thing automatically

It researches every signal, checks it against hard rules and only trades what survives

Build that and you have Lynch's discipline running on its own while you sleep

I broke the full framework down in the article below

[Jaynit @jaynitx]

Charlie Munger spent 50 years studying why intelligent people make catastrophically stupid decisions.

It is the most useful thing I have ever watched:

1. Incentives are more powerful than anyone thinks. Munger says he has been in the top 5% of his age cohort his entire life in understanding the power of incentives and he has still underestimated it every single year. Federal Express could not get their night shift to work efficiently until someone realized they were paying by the hour. They switched to paying by the shift. The problem disappeared immediately.

2. People rationalise terrible behavior when their incentives point that way, and they do not even know they are doing it. A doctor in Nebraska was removing perfectly healthy gallbladders for years. When Munger asked an old colleague whether the doctor knew he was harming patients, the answer was no. he genuinely believed the gallbladder was the source of all medical evil and that removing it was an act of love. That is incentive-caused bias at its most extreme.

3. Psychological denial is real, and it is not just for weak people. A family friend's son flew off a carrier in the North Atlantic and never came back. His mother, a completely sane woman, simply never believed he was dead. Reality was too painful, so she distorted it until it was bearable. Munger says we all do this to some extent, and it causes terrible problems.

4. Consistency and commitment tendency are one of the most powerful forces in the human mind. Once you have stated a position publicly, you are psychologically locked into it. Max Planck said the really important new physics was never accepted by the old guard. A new guard came along that was less brain blocked by its previous conclusions. If this happened to the deans of physics, Munger says, imagine what it does to ordinary people.

5. The Chinese brainwashing system used on prisoners of war worked better than torture. They did not start with big demands. They maneuvered people into making tiny little commitments and declarations and slowly built from there. The same mechanism operates in every cult, every sales system, and every ideology that gets deeply embedded in people's heads.

6. Pavlovian association shapes buying behavior at a level most people never consciously process. Munger estimates three quarters of all advertising works on pure Pavlov. Coca-Cola does not want to be associated with funerals. They want to be associated with the Olympics, wonderful music, heroics. The association itself changes how people feel about the product at a subconscious level. Raising the price of a product can actually increase its market share because price and quality are associated in the human mind, and people use price as a signal of value.

7. Persian messenger syndrome is alive and running every major organization. The Persians killed the messenger who brought bad news. Bill Paley in his last 20 years, did not hear one thing he did not want to hear. everyone around him knew bringing bad news was dangerous. The result was that one of the most powerful men in media made terrible decisions for two decades because reality never reached him.

8. Social proof causes otherwise intelligent people to follow each other off cliffs. When one oil company bought a fertilizer company in the 1970s, practically every other major oil company rushed out and did the same. There was no rational reason for oil companies to own fertilizer companies. But if Exxon was doing it, it was good enough for Mobil. Every single acquisition was a disaster.

9. The efficient market theory persisted in academia for decades despite Berkshire Hathaway existing as a living contradiction. One economist kept adding sigmas to explain away the anomaly. two sigma, then three, then four, eventually six sigma. Munger's observation: It is better to add a sigma than change a theory just because the evidence comes in differently. That economist later went into money management himself and sank like a stone.

10. Contrast bias warps perception constantly and invisibly. Put your hand in hot water, then room temperature water. It feels cold. Put your hand in cold water, then room temperature water. It feels hot. same bucket. The human sensory apparatus has no absolute scale, only a contrast scale. Real estate agents exploit this deliberately. They show you two overpriced, awful houses first, then take you to a merely overpriced house, and it feels like a bargain.

11. The frog in slowly heating water is the business version of contrast bias. If something bad comes to you in small pieces, you are likely to miss it entirely. Munger says he has known many high-powered brilliant businessmen who were destroyed this way. not because they were stupid but because each incremental change was too small to trigger alarm. The contrast was never large enough to notice.

12. Authority bias is so powerful it can make trained professionals watch a plane crash. In flight simulator experiments, when the pilot, the authority figure, does something that any trained co-pilot knows will crash the plane, 25% of the time, the co-pilot sits there and lets it crash anyway. They have been trained to know better. The authority relationship overrides the training.

13. Deprivation super reaction syndrome explains why people go insane over small losses. Munger's neighbor had a 180 degree view of the harbor. the neighbor put in a pine tree about 3 feet high that turned it into a 179 and three-quarter degree view. They had a blood feud that went on for years. The New Coke disaster is the corporate version. Coca-Cola told customers they were changing a flavor and triggered a deprival super reaction so powerful that Pepsi was weeks away from releasing old Coke in a Pepsi bottle. smart engineers. brilliant lawyers. armies of psychologists. All missed it.

14. Envy and jealousy are far more powerful than greed and almost entirely absent from psychology textbooks. Munger says Warren Buffett has said half a dozen times that it is not greed that drives the world but envy. In a thousand-page psychology textbook, the index entry for envy and jealousy is blank. One of the most powerful forces in human behavior and academia essentially ignores it.

15. Gambling addiction is not explained by variable reinforcement alone. Skinner thought he had fully explained gambling by showing that variable reward schedules pound in behavior more powerfully than fixed ones. But the people who design modern slot machines know things Skinner did not. Lotteries where you pick your own number get far more play than lotteries where the number is assigned to you. People who commit to a number believe it has more validity because they chose it. Near misses on slot machines trigger deprival super reaction syndrome. It is four or five psychological tendencies working together, not one.

16. The most dangerous situations are when multiple psychological tendencies combine toward the same end at once. Munger calls this the lollapalooza effect. Tupperware parties use four or five tendencies simultaneously. Moonie conversion methods combine multiple tendencies and work extraordinarily well. alcoholics anonymous achieves a 50% no drinking rate when everything else fails because it also combines multiple tendencies toward a constructive end. The Milgram experiment is not just about obedience. it involves authority bias, consistency and commitment tendency, and contrast effects all working together. That combination turns human brains into mush.

17. Boards of directors are structurally designed to fail as corrective mechanisms. The top executive is the authority figure. He is doing something questionable. You look around, and nobody else is objecting, which is social proof that it is fine. He flies you around in the corporate jet and raises your director fees every year, which triggers reciprocation tendency. Munger's rule: boards only act when the behavior gets so bad it starts making them look foolish or threatens legal liability. That is the only forcing function that reliably works.

18. John Goodfriend of Salomon Brothers destroyed his career and reputation because he did not fire a trusted employee who had lied to the government. Every psychological tendency pointed toward keeping the man. He was a close colleague. His wife was known. He was part of a group that had made over a billion dollars for the firm. He said he had never done it before and would never do it again. Goodfriend looked into his eyes and believed him. The man did it again. The lesson: everyone who gets caught embezzling says they have never done it before and will never do it again. That is what they all say.

19. Darwin avoided confirmation bias by deliberately seeking out disconfirming evidence. Munger says Darwin was not especially smart by ordinary standards of human acuity. Yet he is buried in Westminster Abbey. Munger studied how Darwin worked and realized he had psychological tricks worth learning. Darwin always paid extra attention to evidence that contradicted his theories. Munger started doing the same and credits it as one of the most important intellectual habits of his life.

20. Why is the most important word in communication? Carl Braun designed oil refineries with spectacular skill, and you got fired in his company if you wrote a communication without explaining why. not just who, what, where, and when, but why. Braun knew that in a complex system where things can blow up, a communication system that always explains the reason behind an instruction works dramatically better than one that does not. Forstein, the general counsel of Salomon, told Goodfriend on multiple occasions that he had to report the employee's misconduct. He explained it was the right thing to do. He never explained what would happen to Goodfriend personally if he did not. he failed to use the most powerful tool of persuasion. Goodfriend ignored him. When Goodfriend went down, Forstein went with him.

[Ronit Pereira @CAronitpereira]

“Charlie and Warren always knew they were going to be rich, but they weren’t in a hurry.”

“Warren said to me, if you’re a slightly above average investor, you spend less than you earn and do not use leverage, you can’t help but get rich over a lifetime.”

- Mohnish Pabrai

[Goshawk Trades @GoshawkTrades]

Druckenmiller on why most investors can't sell losers:

"if the reason i bought a stock is no longer the case, i don't care what i paid for it."

"if i bought it at 60 and it's 50 because the market discovered the problem before me, i have no emotion whatsoever."

"after a while you develop enough confidence that you're not afraid to clean the slate and start over. because you have the confidence that you'll be successful again."

"you're not going to sit there in a lazy position that you're not that sure about anymore. just clean house."

"i don't care what i paid for a stock. it's absolutely irrelevant to my investment process going forward."

then on buying back higher than he sold:

"i don't like it. but i'm perfectly willing to buy something back higher than i sold it. some people can't get themselves to do it. i can."

this is the exact same principle behind properly managing strategies. if the edge isn't there anymore, turn it off. don't sit in it hoping it recovers just because you spent three months building it. clean house. start fresh. the next opportunity doesn't care about your sunk costs.

[Goshawk Trades @GoshawkTrades]

Druckenmiller's advice to young people who want to get into finance:

"if they're going in it for the money, they should go elsewhere."

"there's too many people in the business like me that just love the game and the passion. and they're not going to be able to outwork the people that are passionate."

"and it's not a fun game if you're losing."

the people who survive long enough to compound real returns are the ones who genuinely enjoy the research, the building, the debugging at 2 AM. if you're only here for the P&L, the first extended drawdown will end you.

[ludoonchart @ludoonchart]

George Soros on the reality of taking losses:

"once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes."

nobody has a perfect win rate. taking a red trade is just a cost of doing business, not an insult to your iq

the gap between pros and retail is simple. retail takes a loss, their ego gets bruised, and they baghold until the account blows up praying for a magical bounce. a pro sees the thesis is dead, cuts the trade with zero emotion, and moves on to the next setup

needing to be right all the time will bankrupt you. the market doesn't give a damn about your ego. being wrong is fine. staying wrong is how you lose everything

bookmark and watch the video below

[Investment Wisdom @InvestingCanons]

Peter Lynch:

“The important thing is you can’t get too attached to a stock. You have to understand there’s a company behind it…and say: ‘if it deteriorates, if the fundamentals slip, you have to say goodbye to it.’”

[GAZAWOOD - the PALLYWOOD saga @GAZAWOOD1]

"Allah created a kind of animal, and that animal is the woman.
They are animals like cows, sheep, monkeys and camels and made for men's use.
He gave them human form so men wouldn't be afraid of them."

- Ayatollah Sadiq al-Shirazi, senior Iranian regime cleric.

[Ronit Pereira @CAronitpereira]

“There’s a 100% correlation between company’s earnings and the stock price growth.”

“People worry about the oil prices, inflation, too much money supply, who’s the president, who’s nominated at supreme court, the ozone layer. It’s nothing to do the stock price.”

- Peter Lynch

[Investment Wisdom @InvestingCanons]

Warren Buffett: "I probably read 5-6 hours a day. I read 5 daily newspapers, a fair number of magazines, 10Ks, annual reports, & a lot of other things too. I've always enjoyed reading."

Munger: “It’s a lifelong game & if you don’t keep learning, other people will pass you by…”

[Business Nerd @Business_Nerd_]

Kevin O'Leary's mother's investing rules:

• Never more than 5% in one stock or bond
• Never more than 20% in one sector
• Trim any winner that grows past 5%

55 years. Two asset classes. Hedge-fund-beating returns.

h/t: The Founders Principles

[ludoonchart @ludoonchart]

Ron Baron thinks saving your money is the stupidest thing you can do

"regular guys keep their cash in a bank hoping to make 4% - but the government prints money so fast that your savings lose half their value every 10 years"

"normal people trade every single day trying to make a quick buck - we find one absolute monopoly, put a billion dollars into it, and wait 15 years"

"when everyone on wall street laughed at Spacex we didn't care - we gave them $700 million, completely ignored the news, and watched it become a $200 billion company"

watch him explain why he never keeps his money in cash

[Investment Wisdom @InvestingCanons]

“Investors should remember that excitement and expenses are their enemies.”

— Warren Buffett