warren buffet mantra

 There are only two rules for making money

1    Never lose money

2    Never forget the first rule. Period

Helping you understand amazon seller sales growth in india ?

 

1. What is the growth constraints/bottlenecks for seller who is doing $2.5M per year on Amazon?

   1. size of the market (50%) - seller will grow with growth of the platform

      1. by the time someone will hit this run rate - they will be category leaders in 2-5 sub-categories and at least on primary category ( being leader in the primary category - now the limit is platform growth itself)

   2. operations ( 40 %)- amazon is not a stable business - it is similar to running a restaurant

      1. if you are not focussing on indicators , like an eagle - you competitor will fuck you

   3. capital - ( 10 %) - by this points seller has become really efficient at managing capital

      1. amazon payment cycle is predictable
      2. they can easily borrow short term funds and service the interest easily

2. What will be their EBITDA margin?

   1. 15 - 25 % ( in india at least)

3. What is their current growth rate?

   1. 30 % - 50 % - year on year - if stick to same categories in the same country
   2. 75-100 %
      1. if the seller starts in adjoining categories or
      2. if the seller chooses to sell in multiple countries ( it will far far higher than these percentages)

4. How will their grow/gowth rate if their bottlenecks are remove?

   1. already answered

After 25 crore.....next 100 is inevitable

first 5 crore is impossible 

next 20 crore is hard

next 100 crore is inevitable

Use selfcontrol to practice powerlaw perseverance for unitility exhange to create a monopoly

 the search completes.

It will feel difficult till the time it doesn't become a habit

 It is applicable to almost all skills and challenges in life.

It takes some time for our brain to inculcate new information, it takes even more time to use that info in your practice, do it consistently and it will convert into a habit in no time.

once it converts in a habit - it will become damn easy, no matter what the fuck it is.

The one thing

 “What’s the ONE Thing you can do this week such that by doing it everything else would be easier or unnecessary?”

Where I’d had huge success, I had narrowed my concentration to one thing, and where my success varied, my focus had too.

When you want the absolute best chance to succeed at

anything you want, your approach should always be the same. Go

small.

“Going small” is ignoring all the things you could do and

doing what you should do. It’s recognizing that not all things

matter equally and finding the things that matter most. It’s a tighter

way to connect what you do with what you want. It’s realizing that

extraordinary results are directly determined by how narrow you

can make your focus.

GETTING EXTRAORDINARY RESULTS

So when you think about success, shoot for the moon. The moon

is reachable if you prioritize everything and put all of your energy

into accomplishing the most important thing. Getting extraordinary

results is all about creating a domino effect in your life.

Toppling dominoes is pretty straightforward. You line them

up and tip over the first one. In the real world, though, it’s a bit

more complicated. The challenge is that life doesn’t line everything

up for us and say, “Here’s where you should start.” Highly

successful people know this. So every day they line up their

priorities anew, find the lead domino, and whack away at it until it

falls.

Success is built sequentially. It’s one

thing at a time.

stock picking 1.2

 The company should meet these two criteria

• Repeat purchase/recurring utility - one every month
• it should grow with the growth of the internet - the internet should increase/support the 1st point
• it should be the leader in the market in that category - india is a low trust country
• price - ?

I Will elaborate it later 

Fun fact:

What percentage of Indian invest in stock market?

2%

While investing in stock markets has become more popular in recent times, overall penetration remains low — only 2.78 crore Indians invest in the stock markets, which is around 2% of the country's population. In comparison, over 50% of Americans own stocks.