Six Mindsets For Better Problem-Solving

1. Be ever curious: 

Shake up learned patterns, go on a mission of discovery, ask "why?"

2. Tolerate ambiguity and stay humble:

Adapt your thinking when facts change. Think in terms of odds, not certainties. 

3. Take a dragonfly view:

Take a 360 degrees of perception, use multi-faceted vision to see the big picture.

4. Pursue occurrent behavior:

Focus on what's actually happening, not what could be. Experiment to create your own data. 

5. Tap into collective intelligence:

The crowd has wisdom. Draw on diverse experiences through crowd souring. 

6. Show and tell: 

Connect with your audience. Make your solution obvious through immersive storytelling. 

How a bet in Apple yield $120 B for Warren Buffet?

Warren Buffett doesn't have a computer in his office and has only sent one e-mail in his life. His record of tech investments before Apple has also been minimal, with him avoiding investing opportunities in Microsoft & Google.

Buffet's advisors at his conglomerate Berkshire Hathaway, Todd Combs and Ted Weschler, acted as catalysts to convince him tp purchase $1B worth of Apple shares in 2016. By 2018, Berkshire owned Apple shares worth $36B.

A large chunk in Buffett's list of investment accounts for monopolies. He called the iPhone "probably the best business I know in the world," impressed by the growing monopolistic ecosystem that Apple has built around the smartphone. 

Tim Cook, in his early days as Apple's CEO called Buffett to seek advice, who told him it would be best to repurchase shares if they seemed undervalued. Cook took his advice and started Apple's buyback program, which boosted Apple's profits and turned out to be extensively beneficial for Berkshire. 

Apple became the first company in the world to close with a $3 trillion market cap in Jan. 2022. Consequently, Berkshire Hathaway now owns a 5.4% stake at Apple worth $160B as of Jan. 2022 with a massive gain of more than $120B on paper. Berkshire is now Apple's largest shareholder apart from index and exchange trade fund providers. By the end of 2020, Berkshire sold 12% of its Apple shares, which could have resulted in a potential gain of $6 billion had they still been intact. 

Buffett has often praised Cook's leadership, calling him "One of the best manager in the world." Apple makes for more than 40% of Berkshire's equity portfolio, bringing in close to $775 million annually in dividends. Buffett has called it a "family jewel" and "third business" instead of a stock. 

Digital Currency Vs. Cryptocurrency

Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet.

Cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring.

Difference between Cryptocurrency  & Digital Currency:

1. Digital currency is the electronic for of fiat money that can be used in contactless transactions.

- Cryptocurrency is a store of value that is secured by encryption. 

2. Digital currency is regulated by central authority (RBI for India).

- Cryptocurrency is decentralized and unregulated. 

3. Digital currency rates are stable, and currencies are globally accepted. 

- Cryptocurrency rates are highly volatile, and digital coins are not widely accepted yet. 

4. Digital currency transactions are only known to the sender, receiver, and the bank.

- Cryptocurrency transactions are publicly available on a decentralized ledger. 

5. Digital currency needs strong passwords to protect digital wallets, banking apps, credit, debit cards. 

- Cryptocurrencies are secured by encryption.