Money complicates choices leading to decision paralysis,But, on the other hand, saying we do not need money once it is made is borderline hypocrisy.As with money, skills, too, blossom with time. If nurtured. Nithin believes that the one skill India needs to become both wealthy and inclusive is entrepreneurship. Key to this are decision frameworks on risks and rewards, and developing storytelling skills to inspire more people to become entrepreneurs.

Compounding Money, Skills And More

There exists an inexplicable bond between time and money. For Nithin, that relationship began early with stock market trading. Even as a youngster, Nithin had set his mind on specific rupee goals, and put up posters of the things he had wanted to acquire.  The manifestation worked, and Nithin would end up acquiring those things later in life. But as he matured, Nithin came to a realisation: that decisions taken to optimize for quick money-making may not always be the right way, often because what seems right in the short-term may not work in the long run.

On Compounding Money

As with money, skills, too, blossom with time. If nurtured.  Nithin believes that the one skill India needs to become both wealthy and inclusive is entrepreneurship. Key to this are decision frameworks on risks and rewards, and developing storytelling skills to inspire more people to become entrepreneurs.

Compounding Skills 

The biggest lesson in understanding Zerodha’s journey is how a company can be built with humility and value. Key discussions from Zerodha’s early days that remain a constant even today have revolved around helping traders do better and make more money, as well as helping people do better with their money. For founders seeking to create long-term value, an underlying lesson from Nithin’s discussion was a lesson in humility and stoicism: staying rationally optimistic, factoring in worst-case outcomes, and establishing clear expectations for everyone in a team.

Compounding Value 

It is even more critical to unlearn certain misconceptions. One such is valuation, according to Nithin. While some industry insiders and experts believe in external benchmarks such as valuation as key measures of a company’s worth, Nithin reiterates a simple fact—what might be right for an investor may not always be right for the customer. “What is important to know is that valuation is an obligation. It is not money. Neither is it a benchmark to measure ourselves,” Nithin said. “Building a business with real value takes time.”

Unlearning  Valua

Nitin kamath the founder of zerodha, a discount broking firm in India, talks about how compounding is important in all aspects of life

The Co-founder and CEO of India’s largest trading platform shared some crucial nuggets of wisdom on money and life at India’s biggest startup-tech event. 

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

business

Business

books

Books

humanresources

Human Resources

On compounding money, skills and value: Nithin Kamath’s not-so-secret sauce to improving your odds

It turns out there’s a reason you function better at different times of the day, and it all comes down to biology and genetics. Dr. Michael Breus, a California-based clinical psychologist and sleep specialist known as “the Sleep Doctor,” said as much in his book “<a href="https://amzn.to/3FSP4wN">The Power of When: Discover Your Chronotype. </a>”

Why We Are Different At Different Times Of The Day

Chronotypes are genetic, linked to your PER3 gene. Your chronotype is connected to your internal body clock and circadian rhythms. Night owls have shorter PER3 genes, while early birds have longer ones. In addition to influencing the times you wake or go to sleep, the length of your PER3 gene also dictates how much sleep you need. Night owls need less, early birds need more.

How Sleep Chronotype Works

<ul><li>Bears naturally sleep and wake according to the sun. They feel most energetic during daytime and have little trouble falling asleep at night. A Bear’s <a href="http://www.upscalinglife.com/hell-week-challenge-yourself-to-find-your-true-capabilities/">peak productivity </a>occurs in the mid-morning and dips during mid-afternoon. 50% of the population falls into this chronotype.</li><li>Wolves (or traditionally the night owl) wake up later and go to sleep later than others. A Wolf’s peak productive time is in the middle of the day, and their productivity lasts until the evening, when all other chronotypes have already logged out. 15 to 20% of the population falls into this chronotype.</li></ul>

Chronotype - Bears N Wolves

Lions (or the traditional early bird) wake up early and are most productive in the morning. Their peak lasts until noon, so naturally the Lions are tired when evening falls and go to sleep early. 15 to 20% of the population falls into this chronotype.Dolphins are typically light sleepers who have difficulty following a steady sleeping pattern. Dolphins awaken during the night relatively often. They are most productive from mid-morning to early afternoon. About 10% of the population falls into this chronotype.li

Chronotypes- Lions And Dolphins

A 1998 study showed that night owls have a higher average income than early birds.A 1999 study found that night owls showed a higher level of intelligence, even when tested in the morning.Night owls have more sex (possibly because it is thought of as a nighttime activity).Stomachs of night owls process caffeine better. Their nighttime sleep is less disrupted by daytime caffeine consumption.Your chronotype is your natural cycle. If you try to work against it, you will have a harder time falling asleep or staying awake during the day, and you’ll also experience more sleep disturbances.

Being A Night Owls Is Not That Bad Afterall

Do not fight your chronotype — move with it! Go to sleep when you’re tired rather than forcing yourself to go to bed earlier or later. Schedule your <a href="http://www.upscalinglife.com/five-key-principles-of-setting-personal-goals/">most important tasks </a>during your peak productivity periods. But most of all, don’t give yourself a hard time about your chronotype. Whether you are a night owl or an early bird, it doesn’t say anything about you as a person. It is in your genes, and simply explains your most natural rhythm.

How To Not Fight Your Chronotype

Your sleep patterns define your chronotypes. And there is lot of personality traits that can be mapped back to your chronotype. Read the ideas below for more inputs on this.

Knowing your sleep chronotype can help you determine when to do things like take a nap, or when you should ask for a raise.

health

Health

Sleep Chronotypes Determine your Peak Productity - Upscaling Life

Trust is one of the most vital forms of capital a leader has today. Amid economic turbulence and global uncertainty, people are increasingly turning to their employers and business leaders as a source of truth, rather than their institutions and government officials, according to a new global survey by Harvard Business School’s Institute for the Study of Business in Global Society and the Edelman Trust Institute.[1]

Trust

Trust, which can be defined as a belief in the abilities, integrity, and character of another person, is often thought of as something that personal relationships are built on, but according to recent research in Harvard Business Review , trust is the foundation of most successful organizations.[2]

What Is Trust

A high-trust organization is one in which employees feel safe to take risks, express themselves freely, and innovate. When trust is instilled in an organization, tasks get accomplished with less difficulty because people are more likely to collaborate and communicate with each other in productive ways. As a result, outcomes tend to be more successful.

The Benefits Of A High Trust Organisation

<ul><li>Share information openly and candidly . Keep the team updated on what’s going on in the company and at the senior leadership level. Don’t withhold resources from employees or make decisions in secret. </li><li>Provide regular feedback . Be clear about the team vision and expectations of team members. Share how employees are tracking toward their performance—both positively and constructively. </li><li>Encourage open communication . Create an environment where employees feel comfortable speaking up and voicing their opinions—even if those opinions differ from leadership. Leaders can follow formal processes, such as anonymous surveys, as well as informal processes, such as asking employees for their thoughts on a workplace topic at regular check-in meetings. </li> </ul>

<ul><li>Start with self-awareness. Leaders become more authentic when they begin with knowing who they are—what they value, what they’re good at, how emotionally intelligent they are—and how others perceive them. </li><li>Show vulnerability. When leaders reveal their trip-ups and failures, they are seen as more approachable and less arrogant[4], but showing vulnerability isn’t always easy. Start by sharing lessons from past mistakes or areas of development. </li><li>Embrace the journey. The path to authenticity can be tricky. Nevertheless, the answer is not in pushing away difficult emotions or situations that might arise, but in embracing the ups and downs. And, above all, learning from them and sharing those learnings with team members. </li> </ul>

<ul><li>Follow through on commitments. To be reliable, leaders must ensure their actions line up with their words. Employees will quickly lose faith in a leader if they can’t rely on the leader to do as they say.</li><li>Establish expertise. Employees don’t expect their leaders to know everything, but they do need to hold a certain level of confidence in their leaders’ capabilities. To build their confidence, root ideas in sound evidence, suggest industry best practices, and share trends, insights, and resources relevant to the team’s function.</li><li> </li></ul>

Be Reliable 

<ul><li>Follow through on commitments. To be reliable, leaders must ensure their actions line up with their words. Employees will quickly lose faith in a leader if they can’t rely on the leader to do as they say.</li><li>Establish expertise. Employees don’t expect their leaders to know everything, but they do need to hold a certain level of confidence in their leaders’ capabilities. To build their confidence, root ideas in sound evidence, suggest industry best practices, and share trends, insights, and resources relevant to the team’s function.</li><li>Demonstrate integrity and fairness. All team members should be ab<warningtag>le to rely on their leaders for fair treatment, especially when it comes to growth opportunities. Provide all team members with learning experiences so they can develop their skillsets, whether through projects, training programs, or other roles in the organization.</warningtag></li></ul>

Demonstrate integrity and fairness. All team members should be able to rely on their leaders for fair treatment, especially when it comes to growth opportunities. Provide all team members with learning experiences so they can develop their skillsets, whether through projects, training programs, or other roles in the organization.

Integrity Is The Key

As an organization grows, it’s important to continue investing in <a href="https://www.harvardbusiness.org/what-we-do/leadership-development-training-what-we-do/">leadership development </a>. That way, the next generation of leaders will understand how to build trust within their teams—and why it’s so important. This means giving them the skills and tools they need, such as authentic leadership training, communication training, and <a href="https://www.harvardbusiness.org/diversity-inclusion-and-belonging/">DEI </a>training, to name a few. It also means ensuring that leaders meet regularly with team members to foster open dialogue and build connections.

Train Leaders To Build Trust

One of a leader’s most critical responsibilities is building trust with their teams. Transparency, authenticity, and reliability pave the way.

On compounding money, skills and value: Nithin Kamath’s not-so-secret sauce to improving your odds

Sleep Chronotypes Determine your Peak Productity - Upscaling Life

How Leaders Build Trust | Harvard Business Publishing

Saurabh Singh