Spotlight

A question to all the avid book readers —

Of all the newly released bestselling books you’ve read, how many of those are still in the bestseller list?

You don’t need to answer it. With this rhetorical question I want to draw your attention towards a fascinating phenomenon. Nassim Taleb calls it the Lindy Effect.

People have listened to Beethoven for two centuries, argues John Cook, “the Beatles for about four decades, and Beyoncé for about a decade. So we might expect Beyoncé to fade into obscurity a decade from now, the Beatles four decades from now, and Beethoven a couple centuries from now.”
[Read more…] about Spotlight: Lindy Beyond Books – Part 1

Michael Schumacher is widely regarded as the greatest Formula One driver of all time. In his career, he has under his belt the most number of World Championship titles, the most number of Grand Prix wins, and the most number of fastest laps.

You could call him the Sachin Tendulkar of racing, which brings me to the fact that Tendulkar himself has been a long time fan of Michael Schumacher. In 2002, Sachin met with Schumi. Both being sportsmen, they must have exchanged a few notes about keeping fit.

Sachin came back astounded with the amount of time that Schumi devoted to just one part of his body: the neck. “He exercises it for one-and-half hours. Can you believe it?” he marvelled.
[Read more…] about Spotlight: The Illiterate of the 21st century

“Never put all your eggs in one basket.” ~ Proverb

“Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket.” ~ Andrew Carnegie

The fight of putting all your eggs in one basket and not doing so seems as old as the egg itself.

The story is the same when it comes to diversifying (eggs in many baskets) or concentrating (eggs in very few baskets) your investment portfolio.

So if you are grappling with this question – “How many stocks should I own to make a diversified portfolio?” – don’t worry for you are not alone in struggling with this question.
[Read more…] about Spotlight: How Many Stocks Should You Own?

In this series, we’re discussing twenty great ideas to make 2020 a transformational year. In the previous two issues of Spotlight, I wrote about 11 powerful ideas.

What is an idea? It’s a catalyst for new thought.

So, through these ideas, I am offering you a different way of looking at the world. I can’t tell you what to do or how to do. But once you have a fresh perspective, the right action will follow from the new understanding. And that action will be very specific and unique to your situation.

Here are five more pieces for your reflection.
[Read more…] about Spotlight: 20 Ideas to Make 2020 a Life Changing Year – Part 3