Nauman ul Haq

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

When you stop treating your current opportunity as a stepping stone to something else and start treating it as the only one that matters, opportunity finds you.

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

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.

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 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

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.

A lesson I need to learn: It's ok to disappoint other people if you avoid disappointing yourself.

Charlie Munger on how to rise in life:

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.”