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"A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable, and rapidly changing world."
— Seth Klarman
"Getting money, and being able to keep that money are two vastly different skills.
Getting money requires action, taking risks, being positive.
Keeping money requires just the opposite skills - playing safe, being fearful, and a lot of inaction."
- The Psychology Of Money
I recently came across data on who we spend our time with over the course of our lives.
The insights are simultaneously inspiring and depressing.
Here are 6 graphs everyone needs to see:
Subjects that should be taught in school: active communication, conflict resolution, attachment theory, emotional regulation, nervous system awareness, and how to create healthy relationship dynamics.
Education needs a paradigm shift.
10 habits of happy people:
1 kind to others
2 optimistic and appreciative
3 no sense of entitlement
4 forgiving
5 honest and humble
6 good manners
7 purposeful work
8 mindful and self-aware
9 physically and mentally fit
10 quality time with loved ones
Nintendo is worth $48.86 Billion.
But that wouldn't be possible without the help of a dangerous partner:
The Japanese Mafia.
Here's the dark story behind the most family-friendly gaming company in the world:🧵
Most Indians SUCK at trusting people or building trust
That's why the rich keep getting richer!
Here's how trusting each other will make India a 5 trillion economy:
"The safest way to get what you want is to deserve what you want. It's such a simple idea – it's the golden rule:
You want to deliver to the world what you would buy if you were on the other end."
— Charlie Munger
Japan's famous bullet train used to make a loud boom when it traveled through tunnels.
But, thanks to a spot of bird-watching, an engineer was able to fix the problem after he was inspired by a kingfisher.
Learnings can come from the most unexpected places sometimes :)
Bombay High Court (Nagpur Bench) issues directions on on feeding of stray dogs :
"If any person is interested in feeding stray dogs, he shall first adopt the stray dog, bring it to home, register it with Municipal authorities or put it in some dog shelter"- Court orders.