Stereotype of investing and life

One of the Harvard Business School alumni shared an inspiring case study on building a competitive strategy from Joan Magretta's book "Understanding Michael Porter: The Essential Guide to Competition and Strategy" on Aravind Eye Hospital. India’s Aravind Eye Hospital was founded in 1976 by an idealistic retired army surgeon, Govindappa Venkataswamy, known as Dr. V. Dr. V. didn’t need a detailed market segmentation map to identify a large population with a dramatically underserved need. Millions of Indians suffer from preventable blindness because they can’t afford cataract surgery. Starting with just eleven beds and three doctors, Aravind has become the world’s largest provider of eye care in the world, performing about 300,000 surgeries a year, at least two-thirds of them for free. Aravind has an extraordinary value proposition. Correction: it has two value propositions. One is aimed at affluent customers who want the best eye care money can buy. These customers wa...

There are numerous books available on personal finance and investing that claim to reveal the secrets of becoming a millionaire. However, despite this vast amount of information, only a small percentage of the world's population, approximately 3 million people, are actual millionaires, which is around 0.03% of the total population. While there is no surefire way to achieve millionaire status, there are three basic principles that can help increase the likelihood of accumulating wealth over time.  1. Generating multiple streams of income 2. Living within one's means, and  3. Making informed investment decisions.  By diversifying their sources of income, controlling expenses, and investing wisely, individuals can improve their chances of attaining financial success.

Looking at life as a game can be beneficial in avoiding feelings of depression or emotional distress. Game theory, a widely used concept in economics, can assist in making informed decisions when it comes to selecting the right people, places, and investments in one's life. There are four types of games that can be played with the government, competitors, emotions, or anyone else: NO. Player 1 Player 2 1 Win Win 2 Win Lose 3 Lose Win 4 Lose Lose   As Charlie Munger has said, what not to do is more important than what to do in life. Warren Buffett also says that "successful people say no to almost everything", especially when it comes to lose-lose situations. Wasting time on these types of games can be detrimental to one's materialistic life, such as investing in a business where the market is declining. Th...