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The power of simple finance
A Wharton professor, who taught us valuation, once told this story of Merton Miller, who won the Nobel Prize in Economics for his work on the Miller-Modigliani theorem. At that time, our professor was a student at the University of Chicago, where...
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Life is complex
The following have a common underlying causative factor: 1. Vulnerability to cults and conspiracy theories. 2. Fundamentalism – religious,...
Understanding through reflection
I know a few people who read a lot of books but if you hear them talk, very little wisdom comes out. Isn’t that surprising? Why does that happen? My...
When you break the limit, your limit goes up
If self-improvement always feels easy, you are probably not doing it right. Here is why. When does your body get better? When it finds that it can’t...
Time is limited
If you write 10 emails a day, every week, you send out 50 emails. In 2 years, you would have written 5000 emails. In the amount of time it takes to...
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The life starts again
If you flip a regular coin 10 times, on average, you expect 5 heads and 5 tails. But what if the first 9 coin throws all show up 'heads'? Now you are down to the 10th throw. What would you predict? Our gut will very strongly suggest 'tails.' But...
Productivity is not a race
Productivity = Doing the maximum no. of to-dos in the shortest time. Wrong. This is a seductive but nonsensical idea. Every day, ideally, only one or two things should be your real priorities -- these have to be done at any cost. E.g., my priority...
Action beats rumination
I have often seen people say, "I have no regrets." Sadly, I am not like them. I have a lot of regrets, big and small. In fact, I find regrets unavoidable. After all, as long as you live, you will make mistakes and do stupid things. That is what...
Love for hard things is the secret
Most of your life will be spent doing three kinds of things: Category 1: Things you do because they are easy and fun. Category 2: Things you do even though they are hard. Category 3: Things you do BECAUSE they are hard. And here is my prediction:...