Technical Analysis Made Simple

 

Technical Analysis Made Simple

This short guide is for those who want to master technical analysis with outs pending too much time on it.

 First things first, let’s define what we are talking about. Technical analysis is there search of price history. The idea behind technical analysis is that history always repeats it self. Analysts believe  things that happened in the past would repeat in the future.

Two types of technical analysis

Chart analysis

We draw support and resistance lines, review chart patterns, etc. The main advantage of chart  analysis is its simplicity. However, there is ad is advantage: the human factor is essential here as  analysts can interpret a single chart differently.

Mathematical analysis

This type uses technical indicators—the lines calculated based on various formulas depending on price. Here, the human factor is irrelevant since all the analysts will see the same picture based on the same indicators. The disadvantage is the huge number (more than 300) of indicators, which makes it challenging to master all of them.

Let’s begin with the chart analysis and the concepts you need to know to understand it.

Chart analysis

1. Support and resistance lines

These lines represent the values where the
price bounces back and starts moving in the
opposite direction. The analysts draw them
to know where the price reversal will happen.

This is a real-life example of a price moving up and down. The two parallel lines help us understand where the price will reverse.

What happens if everything goes as planned? The price will move down from the resistance line.

The support and resistance

lines might be inclined. 

Here, the situation is exactly the same, but the price direction differs.

Let’s consider the price again. Where will it go? Yes, exactly as predicted!

Learn more

2. Simple Patterns

Let’s discuss some simple traditional patterns in chart analysis. A price tends to form a pattern, and some of such patterns tend to repeat.

Head and shoulders

You can see three tops on the chart here, with the one in the middle higher than the others. If you see the head and shoulders pattern on a chart, you should expect the price to change the direction.

On this chart, the head and shoulders pattern warned about further price falls.

Learn more

Double top

 

The same is true for the double top pattern

Remember that real-life charts may not look exactly like these perfect patterns. For example, you should not expect the patterns to always form a perfect symmetry. You’ve seen the two most popular patterns used in chart analyses, but there are plenty of others, such as reversal head and shoulders, double bottom, flag, or pennant.

Learn more

3. Japanese Candlesticks

The Japanese actually invented their own approach to chart type

for financial analysis — the Japanese candlesticks.

Let’s discuss one of the most important candlestick patterns –

the engulfing candle.

 

You can see two candlesticks: a red and a green one. The second candlestick’s body should be larger than the first one: it engulfs the first candlestick’s body.  In this case, the price direction  might change. Note that the lines on the top and the bottom of the candlesticks (the tails) have no significance.

The price had been rising on this chart until the engulfing pattern emerged. The second red candlestick covered the green one, and the price dropped.

Learn more

Mathematical Analysis

You are now ready for mathematical analysis.                 All the charts here are based on the       We will cover a few of the most popular indicators:       default platform settings, but you can

                                                                                                     always customize them as needed.

• Moving averages
• MACD
• RSI
• Stochastic

1. Simple Moving Average

This is the simplest indicator. It is calculated as the average of the price and represents a line.

The black line on this chart is the moving average.

How do we use it?

1. This is the overall price movement. If the line goes down, opening sell trades is better, and vice versa.
2. The line shows an appropriate moment to buy or sell. You should buy if the price breaks above the moving average up (green arrow) or sell otherwise (red arrow):

Learn more

2. MACD

We won’t discuss how the indicator is calculated: it is sufficient to know that it allows us to assess the strength of price movement in a market.

The indicator consists of the MACD histogram and the MACD line.                   >>>>>

MACD suggests to open the trades as follows:

1. When MACD lines go up, you should open buy positions and vice versa.
2.  If the MACD histogram rises, trade up (trade down otherwise).

The situation is a little more complicated if we look at the intersection of the lines:

The one moving faster is the MACD line, and the smoother one is the signal line. When the MACD line breaks the slow line moving up, it is time to open buy positions (and otherwise)

Learn more

3. RSI

Relative Strength Index (RSI) is one of the most popular indicators with traders. The indicator consists of a line that moves between two zones: overbought (upper zone) and oversold (lower one).

A trader gets a signal to open a trade when the indicator returns to its regular working zone:

• If the line breaks the upper line going down, i. e.it returns from the overbought zone, it is time to open a sell position.
• When the RSI line crosses the lower line and heads up (returns from the oversold zone), the time is for a Buy trade.

Learn more

4. Stochastic

A stochastic also has two lines: the fast stochastic line and the slow stochastic line.

• If the fast line breaks the slow line down, you can open a sell position.

• If the fast line breaks the slow one up, you can open a buy position.

Remember that the lines should only intersect in the overbought and oversold zones.

Learn more

Conclusion

Keep in mind:

• Any indicator can give a false signal.
• Some indicators only apply to solid movements (MACD lines, simple moving average, etc.).
• Other indicators are more appropriate when there are no significant movements on the market (Stochastic oscillator, RSI, etc.).
• It is wise to use multiple indicators simultaneously, combining technical analysis with chart analysis.
• However, don’t use too many indicators: 2 or 3 should always be sufficient.

Test your knowledge

Find the support and resistance lines here:

Locate the double top pattern on the chart                    Find at least two engulfing patterns here:

below:

 Locate the entry points on the chart below                    Find all the entry points using MACD (the blue

(the blue line is the price, and the red one is                   line is MACD, and the red line is signal).

the moving average).

Find all entry points using RSI.                                    Use the stochastic to decide if you should buy or

                                                                                      sell.

Published: By: Chaka Blass - October 29, 2024

AI Photo Enhancing | Chaka Blass

 

AI photo restoration

AI photo restoration refers to the use of advanced artificial intelligence and machine learning algorithms to repair and enhance old, damaged, or low-quality photos, often producing results that are difficult to achieve through traditional manual editing. Through processes like image inpainting, super-resolution, and noise reduction, AI-driven photo restoration tools can quickly and effectively reconstruct damaged parts, restore faded colors, improve sharpness, and bring details back to life with impressive accuracy.

Key Features and Techniques in AI Photo Restoration

1. Image Inpainting: This is one of the central techniques in AI photo restoration. Inpainting fills in missing or damaged parts of an image by analyzing the surrounding context and predicting the missing details. Advanced models use neural networks to understand textures, patterns, and colors to accurately reconstruct cracks, tears, and other blemishes in photos, creating a seamless appearance.

1. Super-Resolution: AI photo restoration also leverages super-resolution, a process that enhances the image's resolution by adding details and refining edges. This can be particularly helpful for old photos with low resolution, enabling users to improve sharpness and detail without compromising on image quality. With super-resolution, AI can increase the clarity of facial features, make textures more defined, and even generate details that may have been lost due to degradation over time.

1. Colorization: For black-and-white photos, AI-powered colorization can add historically accurate colors or vibrant, lifelike tones. Using machine learning, colorization models can recognize objects, skin tones, and common elements in photos, suggesting colors based on training data. This allows AI to restore old family photos, vintage portraits, and historical archives with colors that look natural and believable.

1. Noise Reduction and Grain Removal: Many old photos suffer from noise and grain due to aging film or digital degradation. AI-based noise reduction algorithms can analyze these imperfections and remove them while preserving image details, effectively cleaning up photos for a polished look. These algorithms are trained to distinguish between noise and actual image content, ensuring that important details remain intact while unwanted artifacts are removed.

1. Sharpness and Detail Enhancement: AI tools can also enhance the sharpness and detail in images, particularly useful for photos with blurred or unclear features. By analyzing the edges and textures within an image, AI restoration can improve focus on specific areas, bringing back fine details that enhance the overall quality.

1. Face Restoration: A specialized application within AI restoration is face restoration. Some models focus on restoring facial features in low-resolution or damaged photos, making it possible to bring clarity to eyes, lips, and other facial characteristics. This is particularly valuable for restoring portraits or family photos where facial details are crucial.

How AI Photo Restoration Works

AI photo restoration typically uses deep learning models trained on massive datasets of high-quality and degraded images. By learning the relationships between these images, the model can make educated guesses about what a restored photo should look like. The models, often built on convolutional neural networks (CNNs) or generative adversarial networks (GANs), analyze damaged images and attempt to replicate the undamaged version through intelligent prediction. GANs, for instance, use a generator and discriminator network, where one tries to restore the photo, and the other critiques the results, pushing the generator to produce more realistic restorations.

Advantages of AI Photo Restoration

• Efficiency: Traditional photo restoration is time-consuming and labor-intensive. AI-driven tools can achieve high-quality restoration within seconds, making it ideal for large-scale projects or personal use.

• Accessibility: Previously, photo restoration required skilled professionals, but AI tools have democratized the process. Many online and mobile applications now allow anyone to upload and restore photos with minimal technical knowledge.

• Consistency: AI algorithms can perform consistent, high-quality restorations without subjective errors, ensuring each restored photo meets a standard level of quality.

Limitations of AI Photo Restoration

While AI photo restoration is highly effective, it has limitations. For example, complex restorations requiring precise manual adjustments may still require a professional's touch. Moreover, AI predictions may not always align perfectly with reality, especially for colorization where historical accuracy may be difficult to determine.

In summary, AI photo restoration is transforming the way old photos are preserved and shared, making it accessible, efficient, and cost-effective. With continued advancements in AI technology, photo restoration tools are becoming increasingly sophisticated, promising even more accurate and lifelike results in the future.

 ENHANCE YOUR PHOTO

   

Published: By: Chaka Blass - October 26, 2024

Canva Pro Get Free | Chaka Blass

 

CANVA PRO

Canva Pro is a powerful subscription-based tool that enhances Canva’s free design platform, offering a wide range of advanced features tailored for individuals, businesses, and teams looking to create professional-level visuals easily. Whether you're a graphic designer, marketer, or simply need a high-quality design tool, Canva Pro provides you with added functionality, resources, and flexibility to help streamline your creative process and improve your workflow.

Key Features of Canva Pro

1.      Access to Premium Templates and Assets: Canva Pro grants access to over 100 million premium stock photos, videos, audio files, and design assets. This extensive library of professional, ready-to-use templates ensures you’ll find designs suitable for any project, from social media posts and presentations to business cards and marketing materials.

2.      Customizable Brand Kit: Canva Pro allows users to create and maintain a brand kit, which includes brand logos, colors, and fonts. This is ideal for businesses and brands that want to ensure a consistent look and feel across all their designs. The brand kit makes it easy to apply your brand identity to every design with just a few clicks, maintaining a cohesive aesthetic.

3.      Magic Resize Tool: One of Canva Pro’s standout features is its “Magic Resize” tool. With a single click, you can transform your design to fit multiple formats, like resizing a Facebook post to fit Twitter, Instagram, or LinkedIn without having to start from scratch. This feature saves significant time when you’re creating multiple versions of the same design for different platforms.

4.      Background Remover: Canva Pro includes an automatic background remover, enabling users to create cleaner, more professional images without needing external editing software. This tool is particularly useful for creating product photos, promotional graphics, or any design where the subject should stand out.

5.      Content Planner: Canva Pro’s built-in content planner allows you to schedule posts directly from Canva to your social media accounts. This feature is invaluable for social media managers and businesses looking to organize and automate their content. The planner simplifies social media management by providing a visual calendar, making it easy to plan, preview, and post content across platforms.

6.      Collaborative Tools and Team Features: Canva Pro is designed for teamwork. You can invite team members, assign roles, and collaborate on designs in real-time. Team folders make it easy to organize projects, and comments within designs streamline communication. This makes Canva Pro an excellent choice for agencies, remote teams, or anyone managing multiple collaborators.

7.      Unlimited Storage and Folders: Canva Pro users have access to unlimited storage and can create as many folders as they need, which makes organizing assets and designs simpler. This is especially useful for larger teams or projects with extensive design files, as it removes storage limitations and provides a clutter-free workspace.

8.      Additional Export Options: With Canva Pro, you can export your designs in a variety of formats, including GIF, SVG, and high-resolution images. This flexibility is perfect for users who need high-quality exports for printing or digital marketing materials, such as logos and other branding elements.

9.      24/7 Support: Canva Pro subscribers have access to dedicated 24/7 customer support to assist with technical questions and design guidance.

How to Activate Canva Pro

1. Sign Up or Log In: To activate Canva Pro, first sign up for a Canva account or log in to an existing one.
2. Click the link: Below on the site, Click the “GET HERE”
3. Some times wait for 60 seconds: after click Get it from the new window
4. Activation Complete: you can enjoy and work with Canva pro Teams

In summary, Canva Pro is an all-in-one solution for creating professional visuals, providing tools and features that allow anyone to design efficiently and creatively without advanced design skills. Whether you’re managing a brand or just enhancing personal projects, Canva Pro’s value lies in its versatility, ease of use, and time-saving features.

 

Published: By: Chaka Blass - October 26, 2024

Electronic Diversity Visa Program | Chaka Blass

 

The Diversity Visa Lottery Program

 

The Diversity Visa (DV) Lottery Program, commonly known as the Green Card Lottery, is an annual program administered by the U.S. Department of State that provides a pathway for individuals from countries with low rates of immigration to the United States to obtain a U.S. permanent resident card, or "green card." Established under the Immigration Act of 1990, the program aims to diversify the immigrant population in the United States by offering an opportunity to people from underrepresented countries. Each year, 50,000 diversity visas are allocated through a randomized selection process, allowing successful applicants and their families to live, work, and study in the United States as permanent residents.

Eligibility Criteria

To participate in the DV Lottery, applicants must meet two primary eligibility criteria: nationality and education/work experience. First, they must be a native of a qualifying country—typically a country with historically low immigration rates to the United States. The list of eligible countries is updated annually based on U.S. immigration patterns, and citizens of countries with high rates of immigration, such as China, India, and Mexico, are often excluded.

Second, applicants must meet educational or work experience requirements. They must have either a high school education or its equivalent, defined as successful completion of a 12-year course of elementary and secondary education, or two years of work experience within the last five years in an occupation that requires at least two years of training or experience. These criteria are set to ensure that entrants have the necessary skills to contribute to the U.S. economy.

Application Process

The DV Lottery application process is free, and individuals can apply only online through the official U.S. Department of State website during the specified application period, typically in October each year. Applicants submit basic information, including personal details, education, and country of birth. They must also upload a recent digital photograph that meets specific requirements. Only one entry per person is allowed, and multiple entries can lead to disqualification.

After the application period closes, entries are randomly selected by a computer system. Selected applicants, or “selectees,” are notified through the Department of State's Electronic Diversity Visa (E-DV) website in May of the following year. It’s important to note that the State Department does not notify winners via email, phone, or mail—this information is available only through the official website.

Post-Selection Steps

Being selected in the DV Lottery does not guarantee a green card; it only means that the applicant is eligible to apply for one. Selectees are required to act quickly, as there are more selected applicants than available visas, and processing is done on a first-come, first-served basis. Selectees must submit additional documentation, undergo a medical examination, and attend an interview at a U.S. consulate or embassy. During the interview, applicants must demonstrate that they meet all eligibility requirements and do not fall under any grounds of inadmissibility, such as having a criminal record or certain health conditions.

If approved, the applicant and qualifying family members (spouse and children under 21) receive immigrant visas, allowing them to travel to the United States. Upon entry, they are granted permanent resident status, and their green cards are mailed to them shortly afterward.

Benefits and Limitations

One of the main benefits of the DV Lottery program is that it provides an accessible pathway to U.S. residency for individuals who may not qualify through other immigration channels, such as family or employment-based immigration. Green card holders can live and work anywhere in the United States, apply for U.S. citizenship after a certain period, and enjoy many legal rights and protections.

However, the DV program also has limitations. Selection does not guarantee a visa, as demand often exceeds supply, and applicants must meet strict eligibility and admissibility requirements. Additionally, the application process is competitive and may change due to legislative or policy changes.

Conclusion

The Diversity Visa Lottery Program offers a unique opportunity for people from diverse backgrounds to achieve the American Dream. While the process can be challenging and competitive, the DV Lottery continues to be a vital component of U.S. immigration policy, fostering cultural diversity and enriching American society.

How to Apply ? See this Video

 

Published: By: Chaka Blass - October 26, 2024

Simple Trading Book | Learn & Earn | Buy Now

 

SIMPLE TRADING BOOK

Trading is soooooo Simple, When you learn..

Introduction

- What is Cryptocurrency Trading ?

• Cryptocurrency trading means taking a financial position on the price direction of individual cryptocurrencies against the dollar (in Crypto/Dollar Pairs) or against another Crypto, Via crypto to crypto pairs.

- How to Trade Cryptocurrency ?

1.  Make a Crypto Exchange Account. 
• (Binance, OctaFX, Coinbase, Crypto.com, FTC etc.)
2. Fund your account.
3. Pick a crypto to invest in.
4. Choose a strategy. (From our Book)
5. Store your cryptocurrency.

The Book is

•  100% original Trading Book
• 64 Pages
• 32 Sheets
• Inkjet Printing
• 70GSM Paper
• Binding with front is transparent sheet & Back is Plastic Sheet
• Back Plastic Colours (Red, Green, Black & Blue)

Book Chapters

1. Psychology
2. Candle Stick Patterns
3. Trading Strategies
4. Chart Patterns

How to buy ?

If you are Sri Lankan

• You can buy on Daraz or Direct on this Site..
• Buy on Daraz Click Here !  
• Buy Direct Click Here ! You can Get Discount from direct buying..

• Direct Buying Accepted Payment Methods for Sri Lankans
• Bank Transfer, Skrill, Binance & Payoneer

Other Nationalities

• You can buy on Ebay or Direct on this Site..
• Buy on Ebay Click Here ! 
• Buy Direct Click Here ! You can Get Discount from direct buying..

• Direct Buying Accepted Payment Methods for Other Nationalities
• International Bank Transfer, Skrill, Binance & Payoneer

Published: By: Chaka Blass - October 25, 2024

The Psychology of Money | (Original Copy) English Version PDF Free Download

 

The Psychology of Money

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel is a book that delves into the often-overlooked human side of financial decisions. Rather than focusing on formulas, stocks, or purely technical advice, Housel’s approach is centered on how emotions, biases, and human behavior influence the ways we think about, manage, and grow our wealth. Through a series of short, easily digestible chapters, Housel provides 19 distinct lessons on how psychology and money interact, making complex financial principles accessible and relatable.

The book underscores that wealth is not merely a numbers game; it is profoundly personal and influenced by our upbringing, life experiences, and individual perceptions of risk and reward. Housel emphasizes that financial success is less about being highly educated or talented and more about having control over our behavior. For instance, he discusses how people's risk tolerance varies widely, shaped by experiences such as financial booms and busts, family background, or even cultural factors. This perspective helps readers understand why two people with similar financial situations might make vastly different decisions with their money.

A key takeaway in The Psychology of Money is the importance of patience and long-term thinking. Housel illustrates how compounding works best when given enough time, and he uses the example of Warren Buffett’s net worth, which became enormous not only due to investment skills but also because Buffett started investing very young and stayed invested for decades. This patient approach contrasts sharply with the behavior of investors who constantly chase high returns or are swayed by short-term market volatility. Housel emphasizes that resisting the urge to react impulsively to market fluctuations is essential for financial success, a skill he claims is more behavioral than mathematical.

Housel also explores the idea that wealth is what we don’t see. People often perceive financial success by outward appearances—expensive houses, cars, and other possessions—yet these visible indicators are not true wealth. Real wealth, he argues, is having financial freedom, the ability to spend time as one wishes, and peace of mind. This notion redefines wealth in terms of freedom and security rather than material goods, a perspective that can lead readers to reconsider their spending habits.

In addition to practical advice on how to think about investing and saving, The Psychology of Money also sheds light on the role of luck and risk. Housel suggests that success often results from a combination of skill and circumstance, and that it’s wise to acknowledge the role of luck in one’s achievements and be humble in success. Similarly, he advocates for understanding and preparing for risk, since it’s an inevitable part of financial growth. By accepting risk as an integral part of life and finances, people can avoid panic and anxiety when faced with uncertain situations.

Ultimately, The Psychology of Money encourages readers to rethink what they value and what wealth means to them personally. Through simple stories, anecdotes, and historical references, Housel reminds us that financial well-being is as much about emotional intelligence as it is about numbers. The book's timeless approach makes it relevant to anyone, whether they are just starting their financial journey or are seasoned investors, by emphasizing that the journey to financial well-being begins with mastering one’s mind, habits, and emotional responses.

Morgan Housel’s work serves as a reminder that financial literacy is not just about knowledge but about understanding human behavior, encouraging readers to embrace patience, humility, and introspection in their pursuit of financial success and personal happiness.

Published: By: Chaka Blass - October 13, 2024

The Psychology of Money | பணம் சார் உளவியல் (Tamil Edition) PDF Free Download | Chaka Blass

 The Psychology Of Money பணம் பண்ணும் மனம்

Psychology of Money: Timeless lessons on wealth, greed and happiness -

by Morgan Housel (PDF version is attached).

‘பணம் பற்றிய உளவியல்’ என்று சொல்லாமல் ‘பணம் பண்ணும் மனம்’ என்று ஏன் சொல்லப்பட்டுள்ளது?

பணம் நம் மனத்தைப் (மனப்போக்கைப்) பண்ணுகிறது (செய்கிறது / வடிவமைக்கிறது) என்பது ஒரு பொருள். 'பணம் வந்தவுடன் ஆள் மாறிவிட்டான்' என்றும் 'எல்லாம் பணம் பண்ற வேலை' என்றும் 'பணம் என்றால் பிணமும் வாயைத் திறக்கும்' என்றும் 'பணம் பாதாளம் வரை பாயும்' என்றும் 'காசில்லை என்றால் கணவனே ஆனாலும் கதவைச் சாத்தாடி பெண்ணே' என்றும் உள்ள சொற்றொடர் வழக்குகள் இதைத் தான் குறிக்கின்றன.

பணம் பண்ணுவதற்கு (சாம்பதிப்பதற்கு / சேர்ப்பதற்கு / காப்பாற்றுவதற்கு) எத்தகைய மனம் வேண்டும் என்பதைக் குறிப்பது மற்றொரு பொருள். அதாவது இந்நூலில் சான்றுகளுடன் விவரித்துள்ள உள்ள மனப்போக்கு பணத்தைப் பெருக்கப் பயன்படும்.

சரி, தமிழ்த் தலைப்பைப் பற்றிய தம்பட்டம் போதும். நூலைப் பற்றிய நம் கருத்துகளை நூற்போம்!

253 பக்கங்களில் மூன்று இடங்களில் தான் தத்துவம் (philosophy) என்ற சொல் பயன்படுத்தப்பட்டு இருந்தாலும் புத்தகத்தின் தலைப்பில் உளவியல் என்று குறிப்பிட்டு இருந்தாலும் புத்தகத்திலிருந்து புரிந்து கொள்ள வேண்டிய‌ சாரம் தத்துவ முத்துகளே.

Philosophy (From Greek - philosophia meaning phil - love, sophia - knowledge / wisdom) means love of wisdom. Philosophy permeates / helps in all facets of living including making wealth.

தத்துவம் என்று சொன்னால் வறட்டுத் தனமாக ஒலிக்கலாம். அதற்குப் பதிலாக உளவியல் உத்திகள் (psychological tips) என்று சொல்லலாம்; கருத்துக் கண்ணாடிகள் (conceptual lens) என்றும் சொல்லலாம்.

நூலில் சொல்லப்பட்டுள்ள உத்திகள் எவையும் புதியவை அல்ல. பல ஆயிரம் ஆண்டுகளாக பல வடிவங்களில் (மத போதனைகள், நீதி நூல்கள், இதிகாசங்கள், பழமொழிகள், இலக்கியங்கள்...) சொல்லப்பட்டவையே.

என்றாலும் அவற்றை இத்தலைமுறையினருக்குச் சுவைக்கும் படியாக, பில் கேட்ஸ், வாரன் பஃப்பே, ராக்பெல்லர் போன்ற பலரின் வாழ்க்கை எடுத்துக்காட்டுகளோடு நூலாசிரியர் சொல்லியுள்ளார்.

சிக்கனமாக இரு.
சேமித்து வை.
அடுத்தவர்கள் மதிப்புக்காகப் பகட்டில் பாழாகாதே.
வருமானத்திற்குள் வாழ்.
ஆசைகளைக் கட்டுப்படுத்து.
உலகம் பெரிது. நீயோ ஒரு தூசு. உன் வாழ்க்கையோ ஒரு நீர்குமிழி. எனவே உன் புரிதல் கடுகளவு.
இன்பம் துன்பம் / ஏற்றம் இறக்கம் எதுவும் நிலைக்காது.
பணத்தை விட உறவு, நட்பு அவர்களிடம் உள்ள ஒத்திசைவு முக்கியம். அதுவே நீடித்த மகிழ்ச்சிக்கு அடிப்படை.
வாழ்க்கையில் / எதிர்காலத்தில் எதுவும் (ஆக்கம் / அழிவு) நடக்கலாம். எனவே அதை அவ்வப்போது நினைவு படுத்திக் கொள்.
உன்னுடைய முயற்சிக்கு ஒரு பங்கு உள்ளது. அதைத் தவிர பிற எதுவும் உன் கட்டுப்பாட்டில் இல்லை.
வெற்றி / நல்லது / இன்பம் நேரும் போது எல்லாம் உன்னால் என்று மயங்காதே. அதே போல் தோல்வி / தீயது / துன்பம் நேரும் போது எல்லாம் உன் தவறு என்று துவளாதே.

இவை ஒவ்வொன்றிற்கும் திருக்குறள் போன்ற நூல்களிலிருந்து பொருத்தமான எடுத்துக்காட்டுகளைச் சொல்ல முடியும். 

எதிலிருந்து (நூல் / மொழி / மரபு / பண்பாடு / மதம் / கலை / இலக்கியம் / அறிவியல் / விளையாட்டு / உழவு / தொழில் / வணிகம்...) தெரிந்து கொள்கிறோம் என்பதை விட என்ன (lessons / பாடங்கள்) தெரிந்து கொள்கிறோம் என்பதே முக்கியமில்லையா?

அமெரிக்காவை அடிப்படையாக வைத்து இந்நூல் எழுதப்பட்டிருந்தாலும் மனிதர்களின் இயல்புகள் உலகெங்கும் ஏறத்தாழ (சில மரபு, பண்பாட்டு வேறுபாடுகளுக்கு அப்பால்) ஒரே மாதிரியாகத்தானே உள்ளன. மேலும் பொருளாதார உலகமாயமாக்கல் என்பது அது பரவிய எல்லா நாடுகளிலும் மனிதர்களின் ஆங்காங்கு நிலவி வந்த‌ மரபு வாழ்க்கை முறைகளை மாற்றி ஒரே நீரோட்டத்தில் இழுத்து வருகின்றதே.

இந்நூலில் பல பகுதிகள் எனக்குப் பிடித்தும் பொருள் பொதிந்தும் இருந்தாலும் முக்கியமாக இந்நூலின் கடைசியில் ஆசிரியர் தன் வாழ்வில் இவற்றை எப்படிக் கடைபிடிக்கிறார் என்பதைச் சொல்லியிருப்பதுதான். சொல்லும் செயலும் பொருந்தாவிடில் என்ன பயன்? 

மற்றொரு சிறப்பான பண்பு இவ்வாசிரியர் தான் கண்டதே எல்லோருக்கும் எல்லா சூழ்நிலைகளிலும் பொருந்தி வரும் என்று போதனை செய்யாமல் அவரவர்கள் தங்களுக்கு எவை முக்கியம் என்று முடிவு செய்ய வேண்டியதன் அவசியத்தையும் அவற்றைப் பொறுத்து உத்திகள் வேறுபடும் என்பதையும் பல இடங்களில் தெளிவாக்கி உள்ளதாகும்.

சரி இந்த அளப்பை இத்துடன் முடித்துக் கொண்டு நூலிருந்து சில வரிகளைப் (not all are exact words from the book) பார்ப்போம். Hope this introduction inspires you to read the book in full.

“Less ego, more wealth”

“It is never as good or as bad as it looks”

“Respect the power of luck and risk”

“Time is the most powerful force in investing” (i.e. money compounds over longer time)

“Control over your time / life to do what you want, with who you want for as long as you want to, is the highest dividend of wealth” (So, always be mindful whether you are achieving that independence when trying to make wealth).

“No one is impressed with your possessions as much as you are” (you may think others admire you when they are actually admiring your possession imaging to possess them)

“You are more likely to gain respect and admiration by kindness and humility than horsepower (flashy car) and big house etc.

“Save for saving sake”

“Define the game you are playing. Don’t become a victim in others’ games”.

“I did not intend to get rich. I just wanted to get independent.” 

The Psychology of Money: Timeless lessons on wealth,

greed and happiness - by Morgan Housel

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Published: By: Chaka Blass - October 13, 2024