The Anarchy – A review


The Anarchy is a popular history book on the East Indian Company(EIC) in 18th Century India. Dalrymple regale us the rise of the EIC from a Tudor privateering operation full of ex-Caribbean privates to an imperial power. Considering that the British were pretty late to the spice trade in India compared to the Portuguese, Dutch, and the French, their raise as an imperial power is extraordinary.

Rise of of the first Multinational Corporation:

East Indian Company(EIC) basically invented corporate lobbying, insider training and first corporate bail out, and all the other things we loathe about modern corporation. EIC developed a symbiotic relationship with the British Parliamentarians. Company men like Clive used the looted money from India to buy both MPs and parliamentary seats. The Parliament backed the Company with state power because many MPs were shareholders of EIC and any action against the company will affect their personal wealth.

Silk, Spices and Sepoy:

Thanks to the dwindling military and financial power of the Mughals, a huge military labor market sprang up all across India. Dalrymple describes this as one of the most thriving free markets of fighting men anywhere in the world- all up for sale to the highest bidder. Warfare become a business enterprise and substantial section of peasants spent part of their time year as mercenaries. EIC were better off financially and were able to pay the sepoys the promised wage on time than many local rulers. EIC were using as much as 80% Indian sepoyts in many of their battles. 

The British very really lucky:

Although popular theories propose that the success of the EIC can be attributed to the fragmenting to Mughal India into tiny competing states; the military tech of the Europeans and innovation of banking, taxing and administration of the Anglo-saxons, one of the recurring themes that I found is how lucky in the may of the battles. Yes, the above theories are probably true and East India Company troop were more disciplined than their Indian rivals; but its incredible how consistently lucky the British were.

Break the Rules:

Warfare in India were actually done in gentlemanly manner. The Mughals. Marathas and other local rulers pursued negotiation, bribery and paying tribute. In case of actual conquest, there are rules by which they abide by. The Company men, especially Robert Clive, who committed suicide at the age of 49(Hope someone soon writes a biography on this truly appalling character), constantly breaking the rules like attacking at night and attacking at thunderstorm etc.

Why we need to learn to negotiate?

Mughals were completely clueless about who corporation functions or how unsavory Clive operates as an Profiteer. Ghulam Hussain Khan says a sale of jackass would have taken up more time than the time taken for the Treaty of Allahbad.  Post Treaty of Allahabad, EIC used Indian tax revenue to purchase textiles and spies. Even at the time of famines EIC enforces tax collection to maintain their revenue and growing military expenditure. At the height of the famine, English merchants engaged in grain hoarding, profiteering and speculation.

North vs South India? 

Even after Battle of Plassey, Cavalry was the dominant form of warfare in northern India and continued to fight each other despite the growing domination of the British. However the south was every quick to copy and learn the military innovations of the Europeans. Haider Ali had a modern infantry and his troops were more innovative and tactically ahead of EIC. They mastered the art of firing rockets long before the English. Nana Phadnavus, ‘the Maratha Machiavelli’, after the Treaty of Wadgaon, proposed a Triple Alliance between the Marathas, Haider and the Nizam of Hyderabad.

Indian Bankers love the Company:

The rise of EIC as an imperial power would not be possible with out the Indian bankers. The Indian financiers saw greater advantage in keeping the Company in power than they did supporting their own. By 1803, Indian bankers were competing with one another to back the company’s army.

In the end its the Company’s ability to mobilize money have them the edge over the Marathas and Tipu Sultan. It was no longer the superior European military technology.  Bengal alone was annually yeilding a steady revenue surplus of Rs 25 million at the time when Scindia struggled to net Rs 2 million.  The biggest firm of the period – the houses of Lala Kashmiri Mal, Ramchand-Gopalchand Shahu and Gopaldas-Manohardas – helped the military finance of the British. The Company duly rewarded the invaluable services in 1782 by making the house of Gopaldas the government’s banker.  Richard Wellesley managed raise Rs 10 million with the support of Marwari bankers of Bengal to fight the Fourth Anglo-Mysore war.

Final nail in the coffin:

Following the victory of the Battle of Delhi, EIC defeated the last indigenous power. Now linked Bengal, Madras and Bombay while imposing itself as Regent under the Mughals.

My only complaints is that the book doesn’t drive into the financial details of the Company despite the wealth information available. A bit of financial history of the Company would have helped us understand the nature of the Company better. Overall an entertaining history book. highly recommended.

HyperFocus – Book Notes


Hyperfocus is an ultimate book on productivity and help us to focus better. The crux of the book is that we live most of our life in heedlessness or “auto-pilot” mode and we need to be mindful of our attention. Rarely do we stop and examine our thoughts and tasks in our day-to-day lives. In today’s world of attention economy, we have different social media and gaming apps which use novel methods to capture a scarce commodity called “Human attention”.

What I really like about the book is that it presents two distinct and important ideas.

  1. Hyperfocus
  2. Scatterfocus


There are plenty of distractions that keep us from doing purposeful and productive works. Our mind seeks novel distractions instead of finishing that important task which we need to finish by EOD.

So how do we “Hyperfocus” in a world of constant notifications and distractions?

  1. Firstly,  acknowledge that our brain’s attention storage is limited and treat it as a scarce resource.
  2. The more complex the task, the more attention has to be paid.
  3. Avoid multi-tasking. Every time we multitask the area that can be used for focused attention becomes smaller.
  4. Eliminate distractions beforehand like switching off your mobile phone or disable notifications before you work on something important. This will help you to focus better on the task at hand.
  5. Pick the most consequential tasks for setting priorities for the day
  6. Don’t keep more than three things on the active list at any point in time. Keep your daily task list as simple as possible.
  7. Be mindful of your attention. Check every two hours whether you are in auto-pilot mode? Is your attention wandering? Are you working on a productive and meaningful task?


Scatterfocus is the opposite of Hyperfocus. Instead of focusing on a particular task, we let our mind wander and be unmindful. Is the book suggesting two contradictory ideas? Actually, no. Scatterfocus helps recharge our mind after prolonged period of work or hyperfoucs, generate new ideas and foster creativity.

Modes of scatterfocus:

  1. Capture mode: Take a notebook to capture & write down all the tasks and jobs that you have on your mind.
  2. Problem focus mode: Single out a problem that you are working on, write down all possible solutions in your pocket book and try going to sleep on the problem.
  3. Habitual mode: Take a habitual or repetitive task and perform it every now and then. You will be surprised to see how creative thoughts emerges from it.

Other tips and tricks:

  1. Emails: Check your emails no more than 3 times a day. If your job requires you to check emails often, then keep a time slot to check your emails. Try to articulate your response in 5 or less sentences.
  2. Meetings: Don’t attend meetings without an agenda. Try to question all recurring meetings if it,s really required. Try keep minimal audience for any meeting.
  3. Apps and Notifications: Keep all the social media and gaming apps in a different device. This might appear cumbersome on the surface but it will help you monitor your attention better , eliminate distractions and be mindful.
  4. Recharging: Take regular 10-15 mins break for every 60-90 mins like taking a walk or running near your work place, non-work related reading, going to the gym, listening to a podcast or audio-book, or having a conversation with friends.

Overall, this was an interesting read on how to focus and I hope these notes were beneficial to you. Do you have any interesting tips on how to focus better? If so, please do share.


[Book Review] India Moving

INdia Moving


India Moving is an excellent primer on Indian migration both within and outside the country over last two centuries. Given my own migration background I was naturally interested and quite curious on why certain communities in India are able outperform rest of country. Although its NOT a comprehensive study on the Indian history of Migration, it does a decent job. It does contain a lot interesting facts.

Did you know the logo of IIM Ahmedabad was inspired by Sidi Saiyyed Mosque which was built by Sidi, a group of people migrated from East Africa to India.

By far my favorite chapter is “Merchant and Captial”. This chapter focuses on the communities like Marwaris, Sindhis, Parsis and Chettairs who dominate the Indian economy. It was interesting to find that rise of Parsis is similar to the Robber barons in the Gilded age.

My next favorite chapter has to be “Diaspora and Dreams”. India receives highest remittances in the world. It was fascinating to learn about many involuntary and voluntary migration outside the country. Many volunteered to migrate outside the country to escape the rigid caste system and inequality.

Other chapters focuses on the great migration and displacement of communities due to partitions and riots within the country. I really wish the book had explored more on the subject. Overall on excellent primer on the subject. recommended

Book Review: Thinking in Bets



‘Thinking in Bets’ by Annie Duke is probably the best book on decision making that I have read. The Basic idea of the book is that thinking in bets will substantially improve the decision-making skills in our day-to-day life. Annie Duke is a professional poker player and according to her life imitates poker, not chess. Poker is a decision making game under uncertainty over time. It has valuable information hidden, there is element of luck in any outcome. The decision we make in our lives- raising kids, health, business- have uncertainty, hidden information & luck.

What a bet really is?
A bet is a decision about an uncertain future. Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out:

  • the quality of our decisions
  • luck.

Learning to recognize the difference between the two is what thinking in bets is all about.

What’s your best and worst decision?

Take a moment to imagine your best decision in the last year. Now take a moment to imagine your worst decision. Chances are you will equate the outcome of the decision to the quality of the decision. This is because we’re susceptible to “resulting” and hindsight bias.

We must disassociate outcome with decision. A great decision is the result of a good process and that process must represent an accurate picture of our state of knowledge.

Resulting: tendency to equate the quality of a decision with the quality of its outcome

Hindsight bias: tendency, after an outcome is known, to see the outcome as having been inevitable.

When we work backward from results to figure out why those things happened, we are susceptible to a variety of cognitive traps, like assuming causation when there is only a correlation, or cherry- picking data to confirm the narrative we prefer. We will pound a lot of square pegs into round holes to maintain the illusion of a tight relationship between our outcomes and our decisions.

Two Brains:

We’re susceptible to these mental traps because our brains are not built for rationality. Our brains work basically in two modes. Daniel Kahneman popularized the labels of “System 1” and “System 2”.

System 1: encompasses reflex, instinct, intuition, impulse and automatic processing.

System 2: is how we choose, concentrate and expend mental energy.

Both systems are necessary for survival. Mistakes happen when System 1 overtakes System 2 in decision-making.

Since most of what we do daily exists in automatic processing. We are used to thinking in System 1 mode. The challenge is to figure out how to make decisions within the limitations we already have.

Embrace uncertainty and Redefine wrong:

Embracing “I’m not sure” is difficult. We are trained in school that saying “I don’t know” is a bad thing. Not knowing in school is considered a failure of learning.

Of course, we want to encourage acquiring knowledge, but the first step is understanding what we don’t know. “I don’t know” is not a failure but a necessary step toward enlightenment.

There are many reasons why wrapping our arms around uncertainty and giving it a big hug will help us become better decision- makers. Here are two of them. First, “I’m not sure” is simply a more accurate representation of the world. Second, and related, when we accept that we can’t be sure, we are less likely to fall into the trap of black- and- white thinking.

Decisions are bets on the future, and they aren’t “right” or “wrong” based on whether they turn out well on any particular iteration. An unwanted result doesn’t make our decision wrong if we thought about the alternatives and probabilities in advance and allocated our resources.

Redefining wrong allows us to let go of all the anguish that comes from getting a bad result. First, the world is a pretty random place. The influence of luck makes it impossible to predict exactly how things will turn out, and all the hidden information makes it even worse. Second, being wrong hurts us more than being right feels good.

All decisions are bets:

All our decisions are always bets. We routinely decide among alternatives, put resources at risk, assess the likelihood of different outcomes, and consider what it is that we value.

The betting elements of decisions— choice, probability, risk, etc.— are more obvious in some situations than others. Investments are clearly bets. A decision about a stock (buy, don’t buy, sell, hold, not to mention esoteric investment options) involves a choice about the best use of financial resources. Incomplete information and factors outside of our control make all our investment choices uncertain

Most bets are bets against ourselves:

In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing.

Whenever we make a choice, we are betting on a potential future.

Our bets are only as good as our beliefs:

Our bets are only as good as our beliefs. our default setting is to believe what we hear is true.

We might think of ourselves as open- minded and capable of updating our beliefs based on new information, but the research conclusively shows otherwise. Instead of altering our beliefs to fit new information, we do the opposite, altering our interpretation of that information to fit our beliefs. Our pre- existing beliefs influence the way we experience the world. This irrational, circular information- processing pattern is called motivated reasoning. The way we process new information is driven by the beliefs we hold, strengthening them. Those strengthened beliefs then drive how we process further information, and so on.

Being smart makes it worse:

Being smart makes it worse the smarter you are, the better you are at constructing a narrative that supports your beliefs, rationalizing and framing the data to fit your argument or point of view. we all have a blind spot about recognizing our biases. The surprise is that blind- spot bias is greater the smarter you are.

Wanna bet?

Offering a wager is the best way to fight these mental traps and brings the risk out in the open, making explicit what is already implicit. We can train ourselves to view the world through the lens of “Wanna bet?”

Once we start doing that, we are more likely to recognize that there is always a degree of uncertainty, that we are generally less sure than we thought we were, that practically nothing is black and white, 0% or 100%. We don’t need someone challenging us to an actual bet to do this. We can think like a bettor, purposefully and on our own, like it’s a game even if we’re just doing it ourselves.

Instead of thinking of confidence as all- or- nothing (“ I’m confident” or “I’m not confident”), our expression of our confidence would then capture all the shades of grey in between. Incorporating uncertainty into the way we think about our beliefs comes with many benefits.


CUDOS stands for

  • Communism (data belong to the group)
  • Universalism (apply uniform standards to claims and evidence, regardless of where they came from)
  • Disinterestedness (vigilance against potential conflicts that can influence the group’s evaluation)
  • Organized Skepticism (discussion among the group to encourage engagement and dissent)

Techniques to become a better bets:

Techniques like Suzy Welch’s 10-10-10, temporal discounting problem, pre-commitment, pre-mortem can help us make better bets on our futures.

Our irrational, impulsive & instant gratification tendency are because we favor our present-self at the expense of our future-self. This is called “temporal discounting”. Thinking about the future and recognizing when we commit temporal discounting and helps us maintain the right frame of mind.

Suzy Welch’s  10-10-10 has the effect of bringing the future-us into more of our in the moment decisions. Before taking a bet/decisions visualize how it will affect us in the next 10 minutes, 10 months and 10 years.

Tilt is a poker term when a player is not in a mental or emotional state to choose optimal strategy.
Whenever you feel you are experiencing “tilt”, pre-commit to walk away from the situation.

Backcasting is a useful time-travel exercise where we imagine a successful future and identify necessary steps for reaching our goals. Working backward helps even more when we give ourselves the freedom to imagine an unfavorable future. It also makes it possible to identify when there are low-probability events that must occur to reach the goal

Premortems: working backward from a negative future. It’s an investigation into something awful, but before it happens. Asking “Okay, we failed. Why did we fail?” frees everyone to identify potential points of failure without the for fear of being viewed as a naysayer. Despite the popular wisdom that we achieve success through positive visualization, it turns out that incorporating negative visualization makes us more likely to achieve our goals.
We are going to do better, and be happier, if we start by recognizing that we’ll never be sure of the future.

Final thoughts:

Although the book becomes repetitive places, this is easily one of the best books have read on decision making and cognitive psycology. If you are planning to read only one book for the year, I recommend you pick this up.

In case if you are looking for super-short and concise book summary of the same, you can check out my twitter thread.

7 rules to follow in Crypto-trading

Recently, a friend of mine shared few ground rules that he follows in crypto-trading. Thought it will be beneficial if I share it with everyone.

Note: This is NOT an investment advice. Its a general guideline to help you navigate in the world of crypto.

1.Invest only what you can afford to lose:  Even the most trusted markets in the word, like equities, had rocky couple of centuries. Its no surprise that the crypto-market will also go through a similar Wild West beginning. So invest only what you can afford to lose and it should be between 1-5% of your net-worth. And DO NOT borrow money to invest in cryptos .

2.Do Dollar-Cost averaging: Decide the amount you want to invest (ideally between 1-5% of your net-worth) and take a fraction of the amount & invest in a fixed regular period irrespective of crypto price. This commonly used technique  which will help you average out the investment risk.

3. For God’s sake, read the white-paper: What gives a crypto value? To understand it, you must read its white-paper.  White-paper should convince the users ‘why use a blockchain?’ and ‘what is the underlying utility value?’. (If you are a non-technical person then I strongly recommend reading all the crypto-essential reads which helped me.)

4. Don’t follow the crowd:
1. Don’t do FAD: Just because a random dude or friend of a friend suggest you to invest in a x-coin, doesn’t mean you should. Do your own research.

2. Don’t do FOMO:  Just because a random dude or friend of a friend made a killing by investing in a x-coin, doesn’t mean you should. Do your own research. ( In short, Don’t be a lazy bum by not doing your own research. READ!!)

5. Calculate the Expected values: The definition of expected value is: the sum of all possible values for a random variable, each value multiplied by its probability of occurrence. The net expected value is positive. +EV is good indicator.

Suppose you are planning to invest $500 in Bitcoin. Let’s say, just for the sake of argument, the probability of bitcoin turning to $5 is 50% and there is 50% chance that the pay off is asymmetric, say 2x (x is the amount you invested).

50% * $450 = 225 (50% probability of losing $450)
50% * $1000 = 500 (50% probability of making 2x)

EV= (-225)+500=+275

6. If you are wrong, admit it and move on: Everyone makes few investment mistakes here and there. If you’ve invested in the wrong project, accept your mistake & cut your loss early. Try to understand where you made the mistake. Did you fail to do your research? Did you get your macro or micro analysis wrong? Retrace, correct and sharpen your skills

7. Don’t be a sucker: If someones guarantees a fixed amount of returns by investing in their mining service or ICOs or any block-chain project, you need to shout “FRAUD” and run away from those scammers.





Why own Bitcoin?

There are significant risks to invest in Bitcoin, but, there is still a significant asymmetric payoff for owing bitcoin. Bitcoin is path-breaking both from economics and computer science prespective.

From computer science prespective it solves ‘Byzantine general’s problem’. And Bitcoin is a good Store of value from economic point of view. As it is has all properties of SOV like durability, portability, verifiable, divisible, scarce and censorship resistance.

System designed against you:

Like it or not, the system is rigged. If you look at the price change (see below) in the last ten years from Housing, Food, Education to Healthcare the price has increased dramatically. Only exception are the consumer products like software, electronics and clothing. Unfortunately, you can’t eat iPads.

You give more to the system than what the system gives back to you. Bitcoin doesn’t just give you an alternative investment to the existing system. Bitcoin is your EXIT from the existing system to build something new and experimental.

Asymmetric bet:

Bitcoin is one of the those investment like derivative option where the potential downside is limited and the upside is unlimited.

Excepted value:

It makes sense mathematically to own Bitcoin.

Some basic math first. What is Excepted value? The definition of expected value is: the sum of all possible values for a random variable, each value multiplied by its probability of occurrence.

Suppose you are planning to invest $500 in Bitcoin. Let’s say, just for the sake of argument, the probability of bitcoin turning to $5 is 50% and there is 50% chance that the pay off is asymmetric, say 2x (x is the amount you invested).

50% * $450 = 225 (50% probability of losing $450)
50% * $1000 = 500 (50% probability of making 2x)

EV= (-225)+500=+275

The net expected value is positive. +EV is good indicator to HODL bitcoins.


If you are a Nocoiner, I hope the above the article helped you to be more open to HODL Bitcoin.

If you’re a HODLER, HODL on tight and enjoy the ride.

28 Principles to Live by on 28th Birthday

Principles are internal Operating System based on which we function in the real world. Inspired by Ray Dalio’s Principles, I wanted to explicitly write down and share the principles which I believe in. Although this is primarily a self- conversation, I hope that you will find something useful.

1.Read More, No TV:
“The man who does not read has no advantage over the man who cannot read.” — Mark Twain.

Having spent my childhood frivolously in front of television, I guarantee that TV adds no value to your life. Dump the TV , cut your cable subscription and subscribe to your local library. Reading will enrich you and open many avenues in life. Read at least one hour a day no matter what.

2. Embrace the inner Contrarian:
“Vox Populi, Vox Dei” — Latin Proverb or “Crowd is untruth” — Søren Kierkegaard.

The so called conventional wisdom has made us believe that there is wisdom to the crowds. I’m sure every culture has some variation of the quote”Vox Populi, Vox Dei”. However if you closely examine history, you will notice that there is no wisdom to the crowds. Only Manias and bubbles exists in crowds. Embrace the your inner Contrarian (with a capital c) and go against it.

3.Addition by Subtraction:
“Good habits are the key to all success. Bad habits are the unlocked door to failure.”

Adding a new feature to an App is great but bug fixing is crucial. Likewise, fix a bad habit or characteristic to become better and stronger. Improve via negativa.

4.Remove the Toxic and Negative people:
“Stay away from negative people they have a problem for every solution” — Albert Einstein

Life is short. Remove the toxic and negative people from your circle.

5.Seek Community:
“No man is an Island” — John Donne

This one took me a while to realise. Even contrarians need a community. Find your community, seek deep meaning, nurture &add value to them.

6.Compete with yourself:
“To be a champion, compete; to be a great champion, compete with the best; but to be the greatest champion, compete with yourself.” — Matshona Dhilwayo

I know its a cliché. But you will never find someone with identical experiences, memories, circumstances and memories as yours. You are the best person to compete with. Be the best version of yourself!

7. Self-regulate your online hours:
“Today, spend a little time cultivating relationships offline. Never forget that everybody isn’t on social media.” — Germany Kent

Internet is a double-edged sword. Unless you are careful, you will never know whether you are consuming the internet or the internet is consuming you. Don’t take break to go offline. When you find break, go online.

8. Fitness:
“Your body has rights over you, so take care of it” — Prophet Muhammad.

Especially in today’s time, Fitness is of paramount importance. Because your physical well being correlates with your mental well being.

9. Journal:
“Don’t trust your memory, jot it all down” — Earl Schoaaff

This one is a work in progress for me. Keep a journal and document your life in words and not just via social media.

10. Learn to think in Numbers:
“Mathematics is the language in which God has written the universe” — Galileo

If you cannot think in Numbers, you are putting yourself in disadvantage. World of computers have chipped away our mathematical acumen. Slowly and steadily regain your Math skills and apply in daily life.

11. Make ONE big move every year:
Our comfort zone is a place where you keep yourself in a self-illusion and nothing can grow there but your potentiality can grow only when you can think and grow out of that zone.” — Rashedur Ryan Rahman

Making one big move every year is surprisingly a easy move comparatively. The Hardest part is convincing yourself to the task. Once you walk past it, it open many new doors.

12. Think big, Start small:
“Think big thoughts but relish small pleasures.” — H. Jackson Brown. Jr

Another cliché here. But think about it. If you have a Big daunting goal, having many small milestones will help you reinforce positive feedback and help you achieve it.

13. Its okay to change your POV. 
The Man Who Views the World at 50 the Same as He Did at 20 Has Wasted 30 Years of His Life.” — Muhammed Ali

Don’t be intransigent. Its okay to change your point of view in the light of new evidence. Willingness to change is a sign of a sound person.

14. Be Open-Minded:
“A mind is like a parachute. It doesn’t work if it is not open.” — Frank Zappa

Having an Open-Mind, opens you to many possibilities. With Possibilities comes opportunities.

15. Trends are over-rated mostly:
Everything popular is wrong” — Oscar Wilde

Popularity isn’t proof. If something is trendy its either over-valued or over-sold, so be wary of trends generally.

16. Don’t heed to other’s opinions:
Yeah, well, you know, that’s just, like, your opinion, man. — Jeffery “The Dude” Lebowski

You have a Super-power, if you don’t care what other people think.

17. Be curious:
Be curious not Judgemental .” — Walt Whitman

Go wherever your mind takes you. Follow your curiousity.

18. Protect your attention: 
It takes discipline not to let social media steal your time.” — Alex Ohanian

First of all Attention on any given day is of finite supply. And studies have proved it again and again. Secondly and most importantly the Attention economy is slowly eating our attention like parasites eating our brain. So learn to guard you attention.

19. Know your Weakness:
“Every weakness contains within itself a strength.” — Shusaku Endo

Knowing what you don’t know and knowing your weakness will help you stay out of troubles almost all the time.

20. Take intelligent risks:
“Never was anything great achieved without danger.” ―Niccolo Machiavelli

Most of the seemingly risk free choices are often the riskiest. First understand what is risk. The word “risk” derives from the early Italian risicare, which means “to dare”. So Analysis, Understand and daringly, place your bets.

21. Avoid Thinking Traps:
“I don’t want the cheese, I Just want to get out of the trap” -anon

There are certain thinking traps you need to avoid like “Group traps”, “Burning Issue traps”, “Status-quo traps”.

22. Have Low Time Preference:
Don’t put off for tomorrow what you should do today. — Aesop fable “The Ant and the Grasshopper

From Aesop fables “The Ant and the Grasshopper” to Stanford Marshmellow experiment , it shows the importance of having low time preference or delayed gratification. Learn self-control.

23. Always invest in yourself:
“You will never go broke from investing in yourself” — anon

If you are not ready to invest in yourself, no one else will. You are the best investment you will ever make in your life.

24. It is okay to Start over:
“Isn’t it nice to think that tomorrow is a new day with no mistakes in it yet?”
― L.M. Montgomery

Its okay to Start over as long as you don’t stop.

25. Don’t be afraid to make a decision:
“Don’t be afraid to make decisions in life.” — Arnold Schwarzenegger

Most decisions in life are reversibile. So don’t hold back, make a decision. If it works you will be happy. If it doesn’t work you will be wise.

26. Have Skin in the game: 
Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference” — Nicholas Taleb

Don’t give or take advice unless he or she who giving advice has skin in the game. From Economist to Teachers are selling opinions with no skin in the game. If you give advice, ask yourself “If I were in his/her position, would I do the same thing?”

27. Be obsessive:
“You become what you think about all day long.” — Ralph Waldo Emerson

Be obsessive. Run it in loop until you make it.

28. You’re the most important person in your life:
“Be yourself; everyone else is already taken.” — Oscar Wilde

Be yourself. You’re the most important person in your life. The only person you should try to make happy and impress is your own self.