It is said that in the adversities lies the opportunities. Such is the concept of ‘neo-banking’. Though this concept arose before the pandemic, it gained the most relevance during the pandemic. Physical presence not having any significant relevance now, there lies ample of opportunities for this upcoming space.Being the fastest growing space currently, neo-banking brings about the next wave of innovations and opportunities across the globe.
Started only in 2016, boAt has propelled to become India’s No. 1 fashionable audio brand. A truly inspiring journey of the start-up which hasn’t done any wrong on its way. It wouldn’t be naïve to say that the next befitting milestone for the start-up would be to become a Unicorn in its space! Let’s unfold the story till now.
There is saying by the great Charlie Munger – “All I want to know is where I am going to die so that I’ll never go there.” It seems to be a pretty obvious statement but a deep understanding would reveal that it is not just confined to life, but the maxim is applicable to almost every aspect of our lives. The idea is – many a times you need to think the opposite of what you want because not all problems can’t be solved forward. The process is called the #inversion and is one of the many #mental models penned by Charlie Munger. Inversion helps identifying and eliminating the worst possible outcomes and helps decrease the probability of failures. Thinking backwards could also help you unlock solutions to many difficult problems. Let us understand more about this power technique and how it can be applied for decision making in investing and life. So, “To move forward – let’s think backwards”!
Ever wondered why most of our investments fail? With each failure having a unique reason. We often realize our mistakes in the light of the hindsight, be it investing or life. We think how best we could have avoided it.
Let us try to find out how Mental models, a concept popularized by Charlie munger, can be used to make more informed decisions, in a simple but an efficient way.
We have something special for all the stock market enthusiasts out there, Check it out!
RBI recently announced an extension of moratorium by banks on the loans provided to the borrowers. Is this a boon or bane for you? Find out in our article.