Study notes from ‘Emotional Intelligence’

Students who manage their workloads in this way tend to do well at school even if they have average IQs. 3. Emotional intelligence enables you to behave in ways which evoke favourable reactions from others. For example, imagine you are the manager of a company where one member of staff is constantly making the same mistakes. You’ll need to tell him about this and get him to change, but you have to do it in the right way. If you hurt his feelings, he may become angry or defensive, and less likely to make the changes you desire. If you … Continue reading Study notes from ‘Emotional Intelligence’

Study notes from ‘Numbers Rule Your World’

It’s the varying patter of when guests arrive at the amusement park, and not the average number of guests arriving, that makes the lines so mind-numbingly long. Even if Disney could accurately predict the number of park visitors hopping on the Dumbo rise on a peak day, a line would still form because guests come at irregular intervals throughout the day, and because the ride’s capacity remains fixed. So, planning for capacity can deal with average rises in demand, but not with fluctuating demand. Disney has come to deal with this issue using a feature called FastPass, which entitles guests … Continue reading Study notes from ‘Numbers Rule Your World’

Study notes from ‘The New Trading for a Living’

2. Though poor trading may resemble gambling, good trading is nothing like it. The inability to resist the urge to bet is a sure sign that you’re an inveterate gambler.If you ever have the feeling that you need to trade or that you just can’t stop, you are gambling. Another sign is when single trade begin affecting you emotionally. If the stocks move in your favour, you feel happy and powerful, but if the trade moves against you, you feel crappy. Emotional trading causes you to gamble away your money is search of positive feelings. A professional trader doesn’t get … Continue reading Study notes from ‘The New Trading for a Living’

Study notes from ‘Pitch Anything’

1.There is a big difference between what we are trying to tell our audience and what people really understand the message. Our brains have developed at three different levels over the years, organising itself into three different layers: 2. When you pitch you are using your neocortex to turn your ideas into words. But the problem is that the people who are watching your presentation are not necessarily using the neocortex to understand your pitch. Most of the time, the primitive ‘croc brain’ ignores the message, which it finds very difficult to understand, and begins to ignore the pitcher immediately. … Continue reading Study notes from ‘Pitch Anything’

Study notes from ‘Rich Dad’s Cashflow Quadrant’

‘My educated dad was a voracious reader of books, so he was word-smart, but he was not financially literate.’ Robert T. Klyosaki 5. Working hard and working smart are two different things. 6. Today, we live in what is roughly defined as the ‘Information Age.’ It marked the end of the ‘Industrial Age’. It was also the beginning of the end of for secure, unionised jobs and good government pensions. In today’s economy, we can’t rely on the government to look after us. We need to take our financial security into our own hands. If the government raises taxes to … Continue reading Study notes from ‘Rich Dad’s Cashflow Quadrant’

Study notes from ‘Common Stocks and Uncommon Profits’

5. When considering a company’s investment potential, you’ll want to collect detailed information about the company from every possible angle. Of course, you could easily track down a trader and ask her which companies she would recommend investing in. However, there’s no guarantee that she’ll give you accurate information, because traders have to protect their own interests. Instead, employ the scuttlebutt method: dig for information from every possible source. Contact vendors, customers, former employees and research scientists or executives in trade associations. As long as you ensure that you won’t make the information public or out your informant. Contacting a … Continue reading Study notes from ‘Common Stocks and Uncommon Profits’

Study notes from ‘The 15 Invaluable Laws of Growth’

‘Borrowed beliefs have no passion, therefore no power.’ John C. Maxwell 6. To win, you have to accept loss. All growth involves loss in the form of trade-offs. 7. To really grow, you need to contribute to others. Making sure that we’re not only taking support, but also thinking about how to give it to others. Using your skills for good will not only be beneficial to the world; it will give you new insight into what you’re capable of. 8. Combine your biggest, wildest dreams with practical daily actions. 9. What will fulfil you? The answer to that is … Continue reading Study notes from ‘The 15 Invaluable Laws of Growth’

Study notes from ‘Poor Charlie’s Almanack’

‘Once you’ve done something bad, it’s easy to take the next step and then you are a moral sewer.’ Charlie Munger His strict morality awareness and zero tolerance of breaking the law; he despised ‘creative accounting’ or any unethical practices e.g. accounting for derivatives- inflating books based upon values from speculation. This attitude and insistence of bottom line led his successful avoidance of consequences of 2008 Financial Crisis. 4. Learn from mistakes and not afraid of changing minds. If you find a new idea more useful, discard the old ones immediately. Welcome criticisms. ‘Only a very confident person is able … Continue reading Study notes from ‘Poor Charlie’s Almanack’