Control and Choice

Hi,

I started reading the book :

The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living: Featuring new translations of Seneca, Epictetus, and Marcus Aurelius By Ryan Holiday

This book is very interesting and philosophical and have a vast knowledge on every aspect of life. I think most of the question will be answered by the book. I suggest a must read.

The first lesson from the book is on the "Control and Choice". Control and choice meaning, we should only think about the things that are in  our control and stop worrying about the things that are not in our control, so we have only our choices in our control and not the out come, so only think about the choice not the result.

“The chief task in life is simply this: to identify and separate matters so that I can say clearly tomyself which are externals not under my control, and which have to do with the choices Iactually control. Where then do I look for good and evil? Not to uncontrollable externals, butwithin myself to the choices that are my own . . .”—EPICTETUS, DISCOURSES,

From the book, i have taken the below phrase:

 The single most important practice in Stoic philosophy is differentiating between what we can change and what we can’t. What we have influence over and what we do not. A flight is delayed because of weather—no amount of yelling at an airline representative will end a storm. No amount of wishing will make you taller or shorter or born in a different country. No matter how hard you try, you can’t make someone like you. And on top of that, time spent hurling yourself at these immovable objects is time not spent on the things we can change.

As in Bhagavad Gita Lord Shree Krishna said "karmanye vadhikaraste ma phaleshu kadachana"

So, We should only think about the Karma(Right Karma), and leave the result.

have a nice day and keep learning.

Mistakes : In Life & in Stock market

Hi,

I started reading and analyzing about market 2 years back and committed many mistakes and learned many lessons from them. In this post, i am going to shares some mistakes out of many. As said "We should learn from our's as well as from other's mistakes, so we will take the wise decisions in life and in investing."

As Sir Isaac Newton said:

"If i have seen further than others, it is by standing upon the shoulders of giants"

The above quote is more meaningful for reading voraciously on different subjects and learn the core ideas from them. But in this post i am using it instead of books, mistakes of others and learn from them.

Charlie Munger said :
"All I want to know is where i am going to die, so i will never go there."

This beautiful and thoughtful advise can apply in every part of life, business, market, job etc.

The below are some mistakes from my investing journey and may help you for your investing journey:

1: Don't borrow money from anyone and invest in market, at the end you will in loss only.
2: Don't invest on anyone else suggestion or  tips, you should do your own analysis and get conviction then only invest. If you don't have knowledge about the market and investing then first educate yourself.
3: Don't invest in any bad business like lots of debt in the books, very high P/E(Overvalued).
4: Don't invest on any stock if you don't understand the underling business of the organization.
5: In stock market, there is nothing certain, so be cautious and don't be overconfident that you only get profits, you may get loss as well, so prepare yourself emotionally.
6: Don't make your portfolio so big that you can not properly monitor it.
7: Stay away from IPO's but if still you want to invest in IPO then first do a thorough analysis of the IPO.
8: Don't Invest in any stock which is out of your "Circle of Competence".
9: Invest only that money in the market that you don't need in near future i.e 5 years and be ready if the investment become zero then also it will not harm you.
10: Don't Overpay for any business whatever good or attractive the business is.
11: Don't sell your winners early, let it compound with time.
12: Don't hold losers and don't average bad stocks.
13: Don't just learn from your mistakes, learn from other's as well.
14: Don't envy because others are making money in the market.
15: If you are investing in market and want to take wise decisions then don't waste your time, Read..Read.Read and Read a lot.

You can start your reading journey with the below books, Buy from the below link and start your journey:

The Intelligent Investor
One Up On Wall Street
Poor Charlie's Almanack
Warrent Buffett letters

At the last, In share market Don't follow others. You can see below what happen if you follow others.

There are many more mistakes from which i have learned many lessons. I will share some of them in other post.

Take care and keep learning
All the best!

Chalk n Duster- thought on education

Hello readers,

As the blog name TherandomWisdom, any wisdom or knowledge that i accumulate in my life, i will share that wisdom on the blog.

Malcolm X a human rights activist, said-

"Education is the passport to the future, for tomorrow belongs to those who prepare for it today."

Today i am going to share the wisdom learned from the movie : CHALK N DUSTER

Now a days, very few good quality movies are produced because these kind of movies will not attract viewer and money, but on the other side, this kind of movies are the real mirror of our system and society.

The movie "CHALK N DUSTER" is also a mirror image of our education system.

People forget their teachers and move on in their life and only think about their career and growth. Our entire system is like that, now a days a new trend started-people only think for the growth, money and career, no place for morals, ethics, love, emotions etc.

This movie is based on the life and events of two teachers and education system. This movie give's us some points to think:

1: The old is gold: The older the teacher, the more knowledge(Experience ) he/she have. He might not be as updated with technology as you are or the new generation is, but still he have the best knowledge of his subject, experience of years. He have the capability to make you a good human being.

"The best teachers are those who show you where to look but don't tell you what to see."

2: Question on the current education system: The movie raises questions on the current education system. The modern and only  business minded businessman, made the education sector as a business for their profit and each parent is their customer, thinking for the better future of their kids.

3: Education as a Business: In the movie Mr. Jacky Shroff said a good point -

"Let the Education be Education, don't make it a business".

but in current scenario just opposite is happening. People are just doing business of education.

Plot of the movie :

CHALK N DUSTER is journey of two teachers Vidya ( Shabana Azmi) & Jyoti ( Juhi Chawla) , serving at a Mumbai - based High School. Their passion and love for teaching, bonds them in a special relationship with their students. Their gratification is good grades, moral values they strive to impart to students.However, in an evil turn of events, a wicked lady, Kamini Gupta ( Divya Dutta) gets appointed as the School Principal, who earlier worked in the capacity of a Supervisor. She is extremely cunning by nature and monopolizes on every opportunity she can find her hands on. In a bid to make profits for the school, she decides to fire experienced teachers to replace them with fresher teachers. The saved funds of which she can boastfully present to the school trustees, at the cost of quality education. Vidya suffers a sudden heart attack due to her dismissal from school. The school management threatens the staff to cut ties with Vidya. At such a time, Jyoti stands up for her friend and colleague, Vidya. Together they fight to earn their respect and credibility as teachers and unite against prejudices set by the management.

There are many such thoughts come every day but no one is taking any step. Being a parent, i worry a lot, how i/we take care of our children and how they will grow their kids.
think about this....

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Have a nice day and keep learning!
-Mahesh