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A Simple Life Profile
A Simple Life

@position_trader

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On a journey towards a simpler life. Thoughts on solitude, contentment, books, mindfulness, Zen, Financial Freedom, and investing.

Link to YouTube channel -
Joined December 2008
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@position_trader
A Simple Life
4 years
Around a month ago, I started a YouTube channel - A Simple Life. Short two-minute videos so far on - Zen Trading Investing Mindfulness Financial Freedom
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@position_trader
A Simple Life
3 years
"That man is richest whose pleasures are cheapest." - Henry David Thoreau A good book. A morning walk. A hot cup of coffee. A window with a view. What else?
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@position_trader
A Simple Life
5 years
A few books that have influenced me 1. Personal Finance: Rich Dad, Poor Dad 2. Trading: Trading in the Zone 3. Mindfulness: The Power of Now 4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto 5. Biography: Snowball on Buffett 6. Life: A Book of Simple Living
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@position_trader
A Simple Life
5 years
Here are my notes and highlights from “Atomic Habits” by James Clear. The book deals with how to go about developing good habits, one small bit at a time, and letting go of bad ones. It is a well-researched book and a highly engaging read, full of practical solutions. (1/n)
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@position_trader
A Simple Life
4 years
Each book you read is a minor software upgrade for your brain. #WorldBookDay
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A Simple Life
3 years
Walking is the most underrated form of meditation.
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@position_trader
A Simple Life
4 years
A thread on my notes and highlights from the book "Letters from a Stoic" by Seneca. Written in around 65 AD, the book is a literary masterpiece, and has had a great influence on me. I try to re-read it at least once a year. (1/n)
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@position_trader
A Simple Life
6 years
The best explanation of financial freedom I have read. From an advertisement in the 60s. Worth a read.
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@position_trader
A Simple Life
4 years
If you want the highs, you gotta accept the lows. True for investing. True for life.
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@position_trader
A Simple Life
4 years
Warren Buffett on IPOs - "It’s almost a mathematical impossibility to imagine that, out of the thousands of things for sale on a given day, the most attractively priced is the one being sold by a knowledgeable seller (company insiders) to a less knowledgeable buyer (investors).”
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@position_trader
A Simple Life
4 years
"It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages." - Henry Ford To sum it up, No customers = No wages.
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@position_trader
A Simple Life
5 years
“We suffer more often in imagination than in reality” ― Seneca (4 BC – AD 65)
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@position_trader
A Simple Life
3 years
If you have enough money and are still running after it, then you have missed the entire point of having money.
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@position_trader
A Simple Life
4 years
"That man is richest whose pleasures are cheapest." - Henry David Thoreau
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@position_trader
A Simple Life
4 years
A very under-appreciated fact about money - Money increases your ability to say "NO".
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@position_trader
A Simple Life
4 years
Excel Sheets are to investing what PowerPoint presentations are to meetings. Both give the illusion of having done a lot of work.
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@position_trader
A Simple Life
3 years
Everybody is battling their own demons. Be nice. Be kind.
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@position_trader
A Simple Life
4 years
Money increases your ability to say "No".
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@position_trader
A Simple Life
4 years
I am sorry but 2021 is not going to change anything for you unless you are willing to change yourself.
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@position_trader
A Simple Life
3 years
"Politicians and diapers must be changed often, and for the same reason." - Mark Twain.
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@position_trader
A Simple Life
4 years
Let's start the year with some basics. Personal Finance 101 1. Spend less than you earn. 2. Reduce, and finally, eliminate debt. 3. Take responsibility for your money. 4. Practice delayed gratification. 5. Don't look for happiness in material things. 6. Be grateful. Be kind.
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@position_trader
A Simple Life
4 years
Degrees are overrated. Skill is underrated.
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@position_trader
A Simple Life
4 years
Walking is a most underrated form of meditation.
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@position_trader
A Simple Life
4 years
The best explanation of Financial Freedom that I have ever come across. From an advertisement in the 60s. A must read.
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@position_trader
A Simple Life
4 years
According to me, the most insightful quote about money - "Wealth is the ability to fully experience life." - Henry David Thoreau
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@position_trader
A Simple Life
3 years
We simply carry too much baggage for a journey that can end anytime.
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@position_trader
A Simple Life
5 years
We spend large amounts of money on formal education, hoping simply for the opportunity to earn money. Yet, when it comes to stock markets, we expect to starting earning from day one, from the moment we buy a stock. Ironic, isn't it? The market too demands its tuition fees.
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@position_trader
A Simple Life
4 years
A list of books that have influenced me - 1. Personal Finance: Rich Dad, Poor Dad 2. Trading: Trading in the Zone 3. Mindfulness: The Power of Now 4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto 5. Life: A Book of Simple Living What's your list?
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@position_trader
A Simple Life
4 years
Personal Finance 101 - 1. Spend less than you earn. 2. Reduce, and finally, eliminate debt. 3. Take responsibility for your money. Invest it. 4. Practice delayed gratification. 5. Don't look for happiness in material things. 6. Be grateful. Be content.
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@position_trader
A Simple Life
3 years
"Rather go to bed without dinner than to rise in debt." - Benjamin Franklin
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@position_trader
A Simple Life
3 years
Bull markets convert investors into traders. Market corrections convert traders into investors. Happens every time.
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@position_trader
A Simple Life
4 years
Either put your money to work or work for money your entire life.
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@position_trader
A Simple Life
4 years
The rich have money; the wealthy have money and time.
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@position_trader
A Simple Life
4 years
Your Quality of Life depends on your ability to say "No". And money increases your ability to say "No".
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@position_trader
A Simple Life
6 years
Here are my notes and thoughts on the book “Your Money or Your Life”. The original version was published in 1992 and has been acknowledged as a one of the pioneers for the Financial Independence (FI) movement. An updated version of the book has been released recently. (1/n)
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@position_trader
A Simple Life
5 years
If you are successful, you probably underestimate the role of luck. If you are unsuccessful, you probably overestimate the role of luck.
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@position_trader
A Simple Life
4 years
"That man is richest whose pleasures are cheapest." - Henry David Thoreau
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@position_trader
A Simple Life
5 years
Most successful trading and investing strategies are actually pretty simple. But it's usually a very complex and painful route to get to that simple.
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@position_trader
A Simple Life
3 years
"At high tide fish eat ants; At low tide ants eat fish." - Thai proverb Everything is cyclic. Never forget.
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@position_trader
A Simple Life
4 years
You own nothing. It is all on rent.
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@position_trader
A Simple Life
5 years
Reading an interview by a prominent PMS Fund Manager stating that 350-400 midcaps, smallcaps can double in price in 2020. This may happen. This may not happen. But my main takeaway from the interview is this - Never ask a barber if you need a haircut.
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@position_trader
A Simple Life
3 years
"The No. 1 reason people fail in life is because they listen to their friends, family, and neighbors." - Napoleon Hill True for life. True for investing.
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@position_trader
A Simple Life
4 years
You can read about it. You can hear about it. You can see long-term historical charts. But, there is no substitute for experiencing a market panic yourself. The Class of 2008 welcomes the Class of 2020 🙂
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@position_trader
A Simple Life
4 years
The whole point of having money is to stop running after money.
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@position_trader
A Simple Life
4 years
A list of my favourite personal finance books. The earlier one reads such books, the more useful they can be. 1. Rich Dad Poor Dad 2. The Millionaire Next Door 3. The Richest Man in Babylon 4. Your Money or Your Life 5. Dollars and Sense
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@position_trader
A Simple Life
3 years
If you don't have enough of it, times like these make you realise the importance of money. If you have enough of it, times like these make you realise the limitations of money.
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@position_trader
A Simple Life
4 years
So, I guess everyone is a long term investor by now. #Nifty
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@position_trader
A Simple Life
5 years
On #BookLoversDay , here are a few books that have influenced me 1. Personal Finance: Rich Dad, Poor Dad 2. Trading: Trading in the Zone 3. Mindfulness: The Power of Now 4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto by Taleb 5. Biography: Snowball on Buffett
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@position_trader
A Simple Life
4 years
If it costs you your peace of mind, it costs too much.
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@position_trader
A Simple Life
4 years
The Personal Finance book that has influenced me the most is Rich Dad Poor Dad. Two concepts in particular stood out. 1. The definitions of assets and liabilities 2. The house you stay in is not an investment Which personal finance book has influenced you the most?
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@position_trader
A Simple Life
5 years
Years ago, I came across the 10-10-10 rule. Whatever you are worried about or deliberating upon, is it going to matter in 10 minutes? 10 months? 10 years? It helps keep things in perspective and also makes one realise how screwed up our priorities are. Know what matters.
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@position_trader
A Simple Life
4 years
A student approached a Zen Master (ZM) - Student: "How long will it take me to gain enlightenment if I join your temple?" ZM: "Ten years" Student: "And if I work real hard and double my efforts?" ZM: "Twenty years" - The more you seek it, the further it goes away from you.
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@position_trader
A Simple Life
4 years
The books I find myself reading again and again, and learning something new each time. 1. Siddhartha 2. Tao Te Ching 3. The Power of Now 4. Letters from a Stoic 5. On the Shortness of Life 6. The First and Last Freedom 7. Zen and the Art of Happiness What's your list? #books
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@position_trader
A Simple Life
4 years
The monthly salary is the modern slavery.
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@position_trader
A Simple Life
5 years
Financial Freedom is not about quitting your job. It is not about retirement It actually makes you better at your job. A better citizen. A better family guy Then what is financial freedom about? The best explanation of financial freedom that I have seen. From an ad in the 60s
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@position_trader
A Simple Life
3 years
The whole point of having money is to stop running after money.
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@position_trader
A Simple Life
4 years
Things I would tell the younger me if I could go back in time. - Fail more often - Travel more - Put just enough effort in school so to get by - Don't take life too seriously - You don't matter. Enjoy that! What advice would you give to your younger self, if any?
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@position_trader
A Simple Life
5 years
Power - ability to make others do what you want Freedom - ability to make yourself do what you want Yet, so many of us choose power over freedom everyday.
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@position_trader
A Simple Life
4 years
The most stupid thing you can do right now is invest with borrowed money. Or the money you need to pay next month's bills with. #StockMarket #Nifty
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@position_trader
A Simple Life
3 years
Don't spend the money you have not earned yet. That's it. This in itself is a great start on the journey to financial freedom.
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@position_trader
A Simple Life
4 years
Here are my notes from "The Art of Happiness: A Handbook for Living" by The Dalai Lama. (1/22)
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@position_trader
A Simple Life
3 years
Money increases your ability to say "No".
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@position_trader
A Simple Life
4 years
A list of my favourite personal finance books. The earlier one reads such books, the more useful they can be. 1. Rich Dad Poor Dad 2. The Millionaire Next Door 3. The Richest Man in Babylon 4. Your Money or Your Life 5. Dollars and Sense
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@position_trader
A Simple Life
4 years
Averaging up is much harder than averaging down. True for investing. True for trading.
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@position_trader
A Simple Life
3 years
The ability to sit back, relax and do nothing without feeling guilty about it is a life skill.
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@position_trader
A Simple Life
4 years
Talent is overrated. Discipline is underrated. True for investing. True for life.
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@position_trader
A Simple Life
3 years
A bull market converts long term investors into traders. A bear market converts traders into long term investors. That's just the way market cycles go.
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@position_trader
A Simple Life
4 years
A room full of books. A steaming cup of coffee. A melody in the background. What else could one ask for?
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@position_trader
A Simple Life
4 years
If you are knowledgable, you win most arguments you enter into. If you are wise, you stay away from most arguments.
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@position_trader
A Simple Life
3 years
There is no tool more productive than a focused mind.
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@position_trader
A Simple Life
3 years
According to me, the most insightful quote about money - "Wealth is the ability to fully experience life." - Henry David Thoreau
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@position_trader
A Simple Life
3 years
"That man is richest whose pleasures are cheapest." - Henry David Thoreau
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@position_trader
A Simple Life
3 years
If New Zealand's handling of the covid crisis has taught us anything, it is that empathy is the most important trait in leadership. Respect for their leadership. And respect for their people, for electing such a leader.
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@position_trader
A Simple Life
4 years
If you are feeling anxious and worried, I would highly suggest picking up any of the books by Thich Nhat Hanh. I promise that you will lose yourself in the present moment. You will find yourself in the present moment. A thread on some of his quotes that inspire me. (1/n)
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@position_trader
A Simple Life
4 years
"When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love...” ― Marcus Aurelius (AD 121 - 180) Gratitude.
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@position_trader
A Simple Life
5 years
Data is overrated. Intuition is underrated.
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@position_trader
A Simple Life
1 year
"That man is richest whose pleasures are cheapest." - Henry David Thoreau A good book. A morning walk. A hot cup of coffee. A window with a view. What else?
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@position_trader
A Simple Life
3 years
Just reading 10 books a year is enough to give you a huge competitive advantage in life.
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@position_trader
A Simple Life
4 years
A thread consolidating all the books reviewed by me on Twitter so far. Let's start with the book that has influenced me the most. It's not just a book, it is a way of life. 1. "Letters from a Stoic" by Seneca - written in 65 A.D.
@position_trader
A Simple Life
4 years
A thread on my notes and highlights from the book "Letters from a Stoic" by Seneca. Written in around 65 AD, the book is a literary masterpiece, and has had a great influence on me. I try to re-read it at least once a year. (1/n)
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@position_trader
A Simple Life
5 years
You CAN'T consistently sell at the top and buy at the bottom. Accept it. You will save yourself a lot of mental anguish if you accept this simple fact. The stock will continue to fall after you buy it. The stock will continue to rise after you sell it. Make your peace with it
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@position_trader
A Simple Life
4 years
There is a time to attack; a time to play defense. It takes both experience and wisdom to know what to do when. True for life. True for investing.
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@position_trader
A Simple Life
5 years
Financial Freedom can't be the ultimate goal. Say, you achieve it at the age of 40. Then what? What after that? It's a milestone in the journey. A significant milestone, but not the destination. A means, but not the goal. #FinancialFreedom
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@position_trader
A Simple Life
4 years
Money is important. Why? Having money means you don't have to compromise on things that are more important to you than money.
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@position_trader
A Simple Life
3 years
"Every mortal will taste death, but only some will taste life." - Rumi Think about it.
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@position_trader
A Simple Life
4 years
Walking, as an exercise, is seriously underrated. Added Bonus: Do it mindfully, and it is meditation too!
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@position_trader
A Simple Life
4 years
Just because you can Google it, doesn't mean you understand it.
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@position_trader
A Simple Life
4 years
Most of your problems exist only in your imagination. But they hold you back in reality.
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@position_trader
A Simple Life
4 years
Have you ever wondered why you are asked to focus on your breath during meditation? A short thread. #zen #meditation (1/5)
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@position_trader
A Simple Life
4 years
"Enjoy the little things, for one day you may look back and realise they were the big things." - Robert Brault
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@position_trader
A Simple Life
4 years
Financial Freedom is not a mathematical formula. It is a mindset. It is a way of life.
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@position_trader
A Simple Life
4 years
What is the root cause of all frustrations? Answer: Expectations.
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@position_trader
A Simple Life
4 years
It is all on rent. Be grateful, appreciate it and enjoy it while you can.
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@position_trader
A Simple Life
1 year
"That man is richest whose pleasures are cheapest." - Henry David Thoreau There is more than enough for your needs; never enough for your wants.
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@position_trader
A Simple Life
4 years
Knowing how to fight is strength. Knowing when to fight is wisdom.
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@position_trader
A Simple Life
4 years
Sometimes, the best move is making no move at all. True for life. True for investing.
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@position_trader
A Simple Life
4 years
9-to-5 has the power to suck the life out of you if you are not careful. Be very wary! Don't seek your identity in your job. It's a means to make a living; don't make it your life.
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@position_trader
A Simple Life
4 years
If you want the highs, you gotta fight through the lows. True for investing. True for life.
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@position_trader
A Simple Life
4 years
Read the best books, follow the best people, join the best groups but, Investing is a single player game.
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@position_trader
A Simple Life
4 years
"Doing nothing is better than being busy doing nothing." - Lao Tzu Busyness is a disease.
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A Simple Life
4 years
"Money isn't everything." True. It isn't. But you gotta have a certain amount of money to be able to say that. #FinancialFreedom
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