Bezos' Final Letter, Controlling Our Thoughts, and My Slides At Seedly's PFF!
Dear readers,
Time has really flown by since I left my full-time employment to focus on my publication here at Steady Compounding. Nowadays, I spend most of my time reading, researching companies and networking with other investors.
After 1.5 months, I have finally launched my premium membership! If you haven’t registered, feel free to take 20% off the early launch with coupon code: “20OFF”
This 20% off will apply to future payments as well! Do drop me an email at contact@steadycompounding.com if you encounter any issues with signing up.
I. Jeff Bezos’ Final Letter as CEO
This is a beautiful letter and is highly recommended as Jeff touches on life and business. He is a remarkable inventor, entrepreneur, and capital allocator and I love the framework he applies to live his life.
Some of my favorite bits:
“If you want to be successful in business (in life, actually), you have to create more than you consume. Your goal should be to create value for everyone you interact with. Any business that doesn’t create value for those it touches, even if it appears successful on the surface, isn’t long for this world. It’s on the way out. “
“Remember that stock prices are not about the past. They are a prediction of future cash flows discounted back to the present. The stock market anticipates.”
“We all know that distinctiveness – originality – is valuable. We are all taught to “be yourself.” What I’m really asking you to do is to embrace and be realistic about how much energy it takes to maintain that distinctiveness. The world wants you to be typical – in a thousand ways, it pulls at you. Don’t let it happen.”
“To all of you: be kind, be original, create more than you consume, and never, never, never let the universe smooth you into your surroundings. It remains Day 1.” 😢😢😢
II. Trevor Moawad on Controlling Our Thoughts
The past is predictive only if our behaviors stay the same.
It is what we do today, not how we feel about our past, that determines our future.
Really great story by Trevor and I will not spoil it for you. Give it a watch (4-minute clip), you will not regret it.
III. Everything You Need to Know before You Start Investing
Happy to have spoken with more than 1,000 participants last week to get them started on their investing journey. For anyone who wishes to download the slides from my workshop at Seedly PFF21, you can do so here!
For my Singaporean readers, if you are just starting out and would like to set up an account with Tiger (sign-up gift: one free Disney share) or Moomoo (sign-up gift: one free Apple share), please feel free to use my referral below (disclosure: I will receive a referral bonus of 30SGD).
I have set up my accounts and gotten my free Disney and Apple shares on top of a 30SGD welcome gift!
Moomoo: https://j.moomoo.com/004ZBP
Do note that for Tiger, a min deposit of SGD2,000.01 is required to qualify for a Disney share. While for Moomoo, a min deposit of SGD2,700 is required.