Order Bears the Meaning of Life
On Order as the Bearer of the Meaning of Life, The Single Best Investment and What I'm Doing
Welcome to the sixth edition of the ‘Read. Learn. Enjoy.’ letter.
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Order: The Bearer of the Meaning of Life
Did you ever hope to take it a bit easy after you’ve achieved a goal or completed a task?
How often did this work out?
My experience suggests that our hope of taking a breather rarely works out. No sooner than you achieve a goal, it is replaced by the next one in a never-ending spiral.
The Red Queen in Alice’s Adventures in the Wonderland says: “You have to keep running to stay in the same place.”
Read my essay on why things don’t remain static, life as an arms race with entropy and order as the bearer of the meaning of life.
Reading Recommendation
The Single Best Investment by Lowell Miller
The biggest challenge in stock investing is not knowledge, stock selection or analysis, but investor behaviour. The behavioural challenge is how to ignore the huge amount of information that is thrown at investors, the daily stock prices provided by Benjamin Graham’s Mr. Market and the sales machine of the finance and banking industry.
The Single Best Investment: Creating Wealth with Dividend Growth written by Lowell Miller provides a Do-It-Yourself (DIY) guide and strategy to stock investing. It is one of the most down-to-earth books written on stock investing.
The strategy articulated can remove the stress of daily market volatility while providing an opportunity to earn inflation and market beating returns.
The book is a must read for all investors.
A few takeaways from the book.
On bonds
Bonds arenʼt investments, theyʼre savings.
On the return on stock investing
The return you earn is a “payment” for accepting the “bouncing principal,” and it is also a payment for accepting the fact that you might need the money at a time of downward fluctuations.
On the Single Best Investment
Build your own private compounding machine.
On the Parts of the Compounding Machine
The Single Best Investment approach relies on a simple formula, so simple it almost seems impossibly simple:
High quality
+ High current dividend
+ High growth of dividend
= High total returns
You can read my review and summary of the book.
(The author has made a free PDF copy of the book available. Link in the book summary).
Book Reviews and Summaries
You can read 40+ book reviews and book summaries on my blog.
Three popular reviews and summaries:
Poems for the Soul by Sanober Khan – Yes. My review of the first full poetry book I have ever read is also the most popular one!
The Zurich Axioms by Max Gunther – A book that challenges conventional wisdom about investing, money and risk.
Freedom from the Known by J Krishnamurti – A book about freeing yourself from the past and the known.
More to come.
What I’m Doing
What I’m doing now and what’s coming up next.
NOW
Reading 📖
Dividend Growth Machine by Nathan Winklepleck
Thinking 🤔
Things that make you rich are not visible.
Things that are visible do not make you rich.
Writing ✍️
In addition to this edition of the letter:
Edited the title essay of this letter: Order: The Bearer of the Meaning of Life.
Book Review and Summary of The Single Best Investment by Lowell Miller.
NEXT
A hint of what’s coming up in the next few editions.
On why things have meaning when you focus on things in your control.
Will be catching up on the pending book summaries.
Book Review and Summary of How to Fail at Almost Everything and Still Win Big by Scott Adams.
Book Review and Summary of Financial Freedom by Grant Sabatier.
Thank you for reading till the end.
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Until next week,
- Satyajit
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