Nauman ul Haq

I think about interest rate hedges the same way I do about commodity prices: it’s about risk management.

Unless you’re a macro hedge fund that speculates on rates for a living, making a gain on interest rates is luck, not genius. I’ve seen plenty of CEOs and CFOs call one interest rate or oil price correctly and suddenly believe they’re the next

The direct method forecasts actual cash transactions as they hit the bank. Opening cash + receipts – payments = closing cash. It’s simple, tangible, and intuitive. Anyone can follow it.

The indirect method is derived from the P&L and balance sheet. It starts with a definition of profit. Many use net income (I prefer EBITDA or EBIT), adjust for

"The Ones Who Walk Away from Omelas" is a philosophical short story by Ursula K. Le Guin, first published in 1973. It poses a moral question about happiness and the cost at which it comes. The story describes the utopian city of Omelas during the Festival of Summer. Omelas is portrayed as an idyllic place filled with joy, prosperity, and

Drogo is a young army officer who is assigned to a distant fort, the Bastiani Fortress, which guards against a potential but unlikely invasion by the Tartars.

Drogo spends his entire life at the fortress, waiting for the momentous battle that he hopes will give meaning to his existence and solidify his legacy. However, as time passes, life slips

Borrowed wisdom breaks under pressure because you haven't earned it.

You're trusting someone else's compression without knowing what created it.

Earned wisdom, on the other hand, holds up because it's rooted in your actual experience. You know when it works, why it works, when to ignore it and when to bend it because you created the compression.

Not everyone runs on your clock. Your urgent isn't their urgent.

While you're optimizing every minute toward specific goals, others might be optimizing for presence, relationships, or balance.

The key is protecting your time without demonizing theirs.

Author Haruki Murakami on the plateau of talent:

“They can’t take it any further. And why not? Because they won’t put in the effort. Because they haven’t had the discipline pounded into them. They’ve been spoiled. They have just enough talent so they’ve been able to play things well without any effort and they’ve had people telling them how great

A lot of success in life is just putting yourself in a position for good things to happen to you.

+ Be reliable
+ Avoid drama
+ Help other people win
+ Take care of your body
+ Take care of your mind
+ Live below your means
+ Treat your job as if it matters
+ Take care of your relationships

Simple, but not easy.

We're wired for novelty, but life rewards repetition.

Good ideas are rare. When you find something that works, you've found gold. But instead of mining it, we go looking for more gold.

We'd rather have ten ideas that might work than one that does.