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Random Gyaan

Discuss Random Gyaan at the Words of Wisdom within the Traderji.com; Stocks on the move, Andreas Clenow Having rigid trading rules offers great advantages. You’ll always ...


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  #21  
Old 19th December 2015, 06:46 PM
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Default Re: Random Gyaan

Stocks on the move, Andreas Clenow

Quote:
Having rigid trading rules offers great advantages. You’ll always have a set course of action. Your decisions will never be based on randomness or your mood of the day. In case of market distress, you’ll have a ready plan that you know has worked in the past.


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  #22  
Old 31st December 2015, 11:36 PM
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Default Re: Random Gyaan

The Alchemist, Paulo Coelho

Quote:
'Well there is only one piece of advice I can give you,' said the wisest of wise men. 'The secret of happiness is to see all the marvels of the world, and never to forget the drops of oil on the spoon.'
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  #23  
Old 5th January 2016, 11:45 PM
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Default Re: Random Gyaan

Source: KenFolios

Quote:
He could just pass 10th. He was jobless. Nothing too much in the name of assets.

He reached Mumbai is search of job. It was not a great start for him. He was looted outside the Bandra station for the only rupees 200 he had and other belongings. He lost everything excluding the clothes he was wearing.

The most unfortunate thing was that he was robbed by the person who accompanied him to Mumbai and promised a rupees 1200 per month job. Because he feared that his parents would not allow him work in Mumbai, he came to Mumbai without informing them.

Before coming to Mumbai, he worked in Chennai and earned rupees 250 a month. He would send the money to his family in Nagalapuram Village located in the Tuticorin district of Tamilnadu. His family included his parents and seven siblings.

He did not understand Hindi. Feeling pity about his situation, a Tamilian took him to a temple and appealed visitors to contribute money and arrange a ticket for him to Chennai.

But the 17 year old boy, Prem Ganapathy, was damn sure that Mumbai is going to make his life.

After bit of effort, he got a job of washing utensils at Mahim Bakery. He would earn rupees 150 per month. He continued working at several restaurants to earn and save.

In about two years, he saved some money to start his own business of selling Idlis. He hired a handcart for rupees 150 per month rent and bought some utensils along with a stove for rupees 1000. It was year 1992, when he started operating his business outside Vashi railway station.

After doing it all alone for some time. He felt the need for some manpower as his business grew. He brought two of his younger brothers to Mumbai. He ensured hygiene at the eatery and they all wore a cap. This was a surprise for his customers as roadside eateries did never care about this.

Local authorities seized his cart on many occasions and he had to pay penalty to get it back as such carts did not get a license. In few years, he saved some money and leased a shop by giving rupees 50000 as deposit. They paid a monthly rent of rupees 5000 and also hired two additional employees. His streetside cart was now a small restaurant.

Many of his frequent visitors were college students and he made good friendship with them. He learned using internet from them and started looking for recipes on internet. He started experimenting with dosas and in the first year itself, introduced 26 new dosas like Schezwan Dosa, Paneer Chilli Dosa and Spring Roll Dosa. By 2002, his restaurant had 105 varieties of dosa and earned a lot of fame.

However, he always dreamt of having an outlet in a mall. He approached many malls but his offer was turned down as they were reserved for big brand like McDonald’s etc.

But he got an opportunity to open his outlet in the Center One Mall at Vashi. He got the opportunity because the managerial staff at the mall were frequent visitors to his restaurant. His outlet in the mall was a big success and people started asking for business franchisee. He agreed to the offer on a condition that all the ingredients will be provided by them.

In year 2012, they had 45 restaurant across 11 Indians states and 7 at foreign nations like New Zealand, Dubai(U.A.E), Muscat(Oman). Everything under the name of The Dosa Plaza.

The man who was standing outside Bandra station without a single penny with him in 1990, had set up a brand and empire of 30 crores in 2012.
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  #24  
Old 6th January 2016, 11:08 PM
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Default Re: Random Gyaan

Source: Quora

Quote:
Q: What is water at 99 degrees?
A: It is just water. Probably quite hot but just plain water.

Q: What happens at 100 degrees?
A: It becomes steam.

Q: What can steam do?
A: Steam can move locomotives.

So keep trying, pushing harder. You never know when you are at 99 and how much more is needed to become that 100. And then you can do the unimaginable.
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  #25  
Old 8th January 2016, 08:33 PM
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Default Re: Random Gyaan

Rahul Dravid on patience:

Quote:
When I’m requested to speak to youngsters I like talking about this phase of my life and liken it to a fascinating plant: The Chinese Bamboo. You can take a Chinese bamboo seed and plant it in the ground, water and nurture the seed for an entire year & not even see a single sprout. Infact, you’ll not see a sprout for 5 years. But suddenly, a tiny shoot will spring from the ground. And over the next 6 weeks, the plant can grow as tall as 90 feet. It can grow as fast as 39 inches every 24 hours. You can literally watch the plant grow.

What was the plant doing during these 5 years, the seemingly dormant period? It was growing its roots. For 5 full years, it was preparing itself for rapid, full growth. Without this root structure, the plant simply couldn’t support itself for its future growth. Some would say the plant grew 90 feet in 6 weeks, I would say it grew 90 feet in 5 years & 6 weeks.
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  #26  
Old 10th January 2016, 11:37 PM
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Default Re: Random Gyaan

Eleanor Roosevelt

Quote:
Great minds discuss ideas
Average minds discuss events
Small minds discuss people
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  #27  
Old 15th January 2016, 07:25 PM
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Default Re: Random Gyaan

How to stay calm when you know you'll be stressed - Daniel Levitin, TED Talk

Quote:
I'm a neuroscientist by training and I know a little bit about how the brain performs under stress. It releases cortisol that raises your heart rate, it modulates adrenaline levels and it clouds your thinking...

And I started wondering, are there things that I can do, systems that I can put into place, that will prevent bad things from happening? Or at least if bad things happen, will minimize the likelihood of it being a total catastrophe...

Danny shared with me that he'd been practicing something called prospective hindsight, ...also called the pre-mortem. Now, you all know what the postmortem is. Whenever there's a disaster, a team of experts come in and they try to figure out what went wrong, right? Well, in the pre-mortem, Danny explained, you look ahead and you try to figure out all the things that could go wrong, and then you try to figure out what you can do to prevent those things from happening, or to minimize the damage.

...Remember, when you're under stress, the brain releases cortisol.Cortisol is toxic, and it causes cloudy thinking. So part of the practice of the pre-mortem is to recognize that under stress you're not going to be at your best, and you should put systems in place.

...Remember, our brain under stress releases cortisol, and one of the things that happens at that time is a whole bunch on systems shut down. There's an evolutionary reason for this. Face-to-face with a predator, you don't need your digestive system, or your libido, or your immune system, because if you're body is expending metabolism on those things and you don't react quickly, you might become the lion's lunch, and then none of those things matter. Unfortunately, one of the things that goes out the window during those times of stress is rational, logical thinking...

I think the important point here is recognizing that all of us are flawed. We all are going to fail now and then. The idea is to think ahead to what those failures might be, to put systems in place that will help minimize the damage, or to prevent the bad things from happening in the first place.

Last edited by mindgames; 15th January 2016 at 07:30 PM.
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  #28  
Old 15th January 2016, 07:36 PM
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Default Re: Random Gyaan

How to make stress your friend - Kelly McGonigal, TED Talk

Quote:
My confession is this: I am a health psychologist, and my mission is to help people be happier and healthier. But I fear that something I've been teaching for the last 10 years is doing more harm than good, and it has to do with stress. For years I've been telling people, stress makes you sick. It increases the risk of everything from the common cold to cardiovascular disease. Basically, I've turned stress into the enemy. But I have changed my mind about stress, and today, I want to change yours.

.....Can changing how you think about stress make you healthier? And here the science says yes. When you change your mind about stress, you can change your body's response to stress.

.....But what if you viewed them (signs of stress) instead as signs that your body was energized, was preparing you to meet this challenge? Now that is exactly what participants were told in a study conducted at Harvard University. Before they went through the social stress test, they were taught to rethink their stress response as helpful. That pounding heart is preparing you for action. If you're breathing faster, it's no problem. It's getting more oxygen to your brain. And participants who learned to view the stress response as helpful for their performance, well, they were less stressed out, less anxious, more confident, but the most fascinating finding to me was how their physical stress response change.

Now, in a typical stress response, your heart rate goes up, and your blood vessels constrict like this. And this is one of the reasons that chronic stress is sometimes associated with cardiovascular disease. It's not really healthy to be in this state all the time. But in the study, when participants viewed their stress response as helpful, their blood vessels stayed relaxed like this. Their heart was still pounding, but this is a much healthier cardiovascular profile. It actually looks a lot like what happens in moments of joy and courage.

The way you think and how you act can transform your experience of stress. When you choose to view your stress response as helpful, you create the biology of courage.
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  #29  
Old 16th January 2016, 04:39 PM
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Default Re: Random Gyaan

Stocks on the move, Andreas Clenow

Quote:
If you want to be a systematic trader, you will have to learn how to program. It’s not something that you can outsource. All too often, this aspect of the job is glossed over.

Even if you’re head of a team of hedge fund quants, you still need to understand programming. There was a time when a doctor or a lawyer didn’t need to know how to use a typewriter. They had people doing that for them and they were far too busy to be engaged in such menial activities. That’s unfortunately how many aspiring traders view programming. Can you imagine today a lawyer who can’t type? Of course he’s got an assistant, but being unable to type would make him absolutely helpless.

The good news is that you won’t need to learn any deeper programming skills. It might be an advantage for some who do want to go deeper, but it’s not required. Some basic programming skills however can’t be avoided if you want to be in the systematic trading field.
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  #30  
Old 24th January 2016, 07:23 PM
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Default Re: Random Gyaan

Sam Walton, Made in America

Quote:
Somehow over the years, folks have gotten the impression that Wal-Mart was something I dreamed up out of the blue as a middle-aged man, and that it was just this great idea that turned into an overnight success. It's true that I was 44 when we opened our first Wal-Mart in 1962, but the store was totally an outgrowth of everything we'd been doing since Newport.....And like most other overnight successes, it was about 20 years in the making.

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