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๐ŸŽถ Who let the Doge out ๐ŸŽถ
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๐ŸŽถ Who let the Doge out ๐ŸŽถ

Peter Lynch's Cocktail Party Theory, Neuroscience Of Meditation, Why we sleep & many more...

Prado ๐Ÿ”‘
May 14, 2021
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Hi ๐Ÿ‘‹ Prado here

3 Things I thought worth sharing with yโ€™all

1. Peter Lynch's Cocktail Party Theory ๐Ÿฅ‚

Last Saturday I got a text from a brother. He asked about Dogecoin. How is it and should he buy it? The price was at its highest around โ‚น55. I told him โ€˜Donโ€™tโ€™.

Hereโ€™s why:

Elon musk was going on SNL the next day and this prediction went viral

The price was stable and I thought I should probably get in with more money.

I waited the entire day and in the evening I got a text from my brother.

Thatโ€™s when it hit me. The general audience with no knowledge of cryptocurrency is trying to get in to make some quick buck.

Thatโ€™s it. That was the cue to GTFO.

I sold them all and kept only 10 dogecoins for namesake โค๏ธ

SNL happened and in one of the videos, he called Dogecoin a hustle and things started getting crazy.

Price dropped more than 25%

It went from โ‚น56 to โ‚น36

He didnโ€™t invest though :)) He saved both of us some money ๐Ÿ™Œ

So what happened here is this theory created by Peter Lynch. Itโ€™s known as The Cocktail Party Theory ๐Ÿ™Œ

Peter Lynch was a legendary investor. No complex methods, no algorithms. Instead, he attended cocktail parties.

First type of cocktail party:-

The market is recovering from a big drop. No one at the party wants to talk about stocks. They talk about sports, weather, an appointment with the dentist.

When people are more interested in the tooth than stocks, that means the market has reached the bottom.

Second type of cocktail party:-

The market is up by 15%. Few will talk about stocks for a little while and then back to the dentist ๐Ÿ™Œ

Third type of cocktail party:-

The market is up by 30% from stage one.

People gather around and ignore the dentist. Few ask for stock recommendations even the dentist.

Almost everyone at the party has invested some money and is talking about it.

woman in black tank top holding clear wine glass

Last stage:-

The crowd is enthusiastic. Now they are telling you which stock you should buy.

Even the dentist has a few picks to offer. Neighbours start giving you investing advice.

It is now time to finish your drink, leave the party and get out of the market. It will soon reach the top and go down again.

I shared my selling dogecoins on Twitter and I got this reply.

Twitter avatar for @Wynzi87Wynzi @Wynzi87
@pradologue The cocktail theory basically ?

May 9th 2021

2 Likes

I dug more and it led me to this thread. Soon realised I was doing the same without knowing the theory. Common sense helped me save some money ๐Ÿ™Œ

Are you buying more right now or getting out of the market?

*This newsletter is not investment advice. Please do your own research before investing.

Never invest in something you donโ€™t understand ๐Ÿš€ Cheers



2) Few Interesting Things:

  • Neuroscience Of Meditation: How To Make Your Mind Awesome (Blog)

  • Selling hours (Blog)

  • True words ๐Ÿ‘‡

    Twitter avatar for @pradologuePrado ๐Ÿš€ @pradologue
    People on Instagram show off how they live, People on Twitter show off how they think ๐Ÿ™Œ

    May 8th 2021

    144 Retweets1,341 Likes

  • Picture of the week:- Twitter introduced No-Crop on phones.
    So I shared few pictures. Enjoy :)

    Twitter avatar for @pradologuePrado ๐Ÿš€ @pradologue
    Let's Fly ๐Ÿš€ |๐Ÿ“Elephanta Caves, Mumbai Enjoy a few no crop pictures โค๏ธ Every picture was shot on iPhone SE (1st generation)
    Image

    May 9th 2021

    1 Retweet38 Likes
  • Question of the week: If I interviewed your siblings and 3 best friends and asked them to describe you, what would they tell me?

  • Quick hack of the week:- Spotify syncs your local files with your laptop and phone. Now do it with audiobooks. Free audiobooks ๐Ÿ™Œ

    • (If you know of any hacks, send me a mail at pradologue@gmail.com)

  • Meme of the week:- True story (Watch the video here)

  • Currently reading โ€œWhy we sleepโ€ and trust me this book hella effective.

    Reminds me of this meme haha โค๏ธ

    Image

3. Quote of the week

Twitter avatar for @pradologuePrado ๐Ÿš€ @pradologue
If mental health is stock market, the market crashed 2-3 times since the pandemic started While the mental health companies are making top dollar ๐Ÿ™Œ

May 10th 2021

6 Retweets102 Likes

And this one ๐Ÿ™


Check out some previous newsletter:

  • How to show your work (Read)

  • 3 lessons dead people taught me (Read)

    Get more of these right in your mail every week๐Ÿ‘‡


Handwritten Letters = Sugarcube

Twitter avatar for @pradologuePrado ๐Ÿš€ @pradologue
Letter in time of Corona ๐Ÿ™Œ A sugarcube sent by a Twitter follower โค๏ธ He also sent me a blank one. If you could write it to one person, who would it be?
Image
Image
Image
Image

May 11th 2021

36 Likes

If you liked this newsletter, consider buying me a book (UPI is accepted)

Buy me a Book

In This Together,

Prado
Website | Twitter | Instagram | Buy me a Book | StoryCards | Youtube

Liking & commenting on this newsletter will help it get discovered by more people โค๏ธ

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Success and Innovation
Writes S&Iโ€™s Newsletter ยทMay 16, 2021Liked by Prado ๐Ÿ”‘

Today I learned about the Cocktail party theory from you. Thanks a ton for sharing. It kinda applies to a lot of things.

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1 reply by Prado ๐Ÿ”‘
Craig Burgess
Writes The Burgess Letter ยทMay 14, 2021Liked by Prado ๐Ÿ”‘

I'm still contemplating buying some Doge... but I'm mostly going all-in on ETH right now.

Beautiful photos by the way.

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2 replies by Prado ๐Ÿ”‘ and others
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