The Joys Of Compounding: The Passionate Pursuit Of Lifelong Learning
- Downloads：7245
- Type：Epub+TxT+PDF+Mobi
- Create Date：2022-11-01 06:57:58
- Update Date：2025-09-06
- Status：finish
- Author：Gautam Baid
- ISBN：9390351014
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
In The Joys Of Compounding， Gautam Baid integrates the wisdom， strategies， and thought processes of over 200 preeminent figures in history whose teachings have stood the test of time。 Distilling generations of investment and life lessons and compiling it with his personal experiences into a comprehensive guide on value investing， Baid demonstrates their practical applications in the areas of business， investing， and decision making。
The Joys Of Compounding is a celebration of the value investing discipline。 It takes investors beyond stocks and business fundamentals to give them a valuable and compelling life philosophy。 All lifelong learners will find this book immensely useful as a timeless source of insight and inspiration。
The Joys Of Compounding is a celebration of the value investing discipline。 It takes investors beyond stocks and business fundamentals to give them a valuable and compelling life philosophy。 All lifelong learners will find this book immensely useful as a timeless source of insight and inspiration。
Reviews
Martin
，
I really enjoyed reading the book as it provides a very comprehensive summary of some fundamental investment principles and ideas。 It is not too technical and the language is easy to digest for readers who are not finance nerds。 The majority of the author’s ideas is based on Buffet’s and Munger’s investment philosophy and， hence， the book offers a refresh on one of the most successful investment concepts （value investing）。
Zain Khan
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Baid Nailed it。 The only 'self improvement' book that is not filled with cliches。 Life time learning and a hunger for knowledge is paramount to long term success。 One should focus on compounding health， wealth and good will。 Baid Nailed it。 The only 'self improvement' book that is not filled with cliches。 Life time learning and a hunger for knowledge is paramount to long term success。 One should focus on compounding health， wealth and good will。 。。。more
Nilesh P S
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Truly a wonderful and enjoyable book。 It felt like an apt summary of several books on investing and personal development that I've read and many more that I haven't。 Author draws from the works of several dozens of authors， analysts， investors， psychologists， professors etc。 and summarize their teachings quite well。 The book's structure and vibe is very similar to Poor Charlie's Almanack。 Section three， about common stock investing with some examples from the Indian stock market， is worth readin Truly a wonderful and enjoyable book。 It felt like an apt summary of several books on investing and personal development that I've read and many more that I haven't。 Author draws from the works of several dozens of authors， analysts， investors， psychologists， professors etc。 and summarize their teachings quite well。 The book's structure and vibe is very similar to Poor Charlie's Almanack。 Section three， about common stock investing with some examples from the Indian stock market， is worth reading again from time to time。 I'd recommend anyone starting on their "self-education" journey to read this book and countless others that author has quoted throughout the chapters。 。。。more
Jayakumar Manickavasagam
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Excellent book。 Need to read slowly to digest the things。
Himanshu Upreti
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"The best investment you can make is an investment in yourself。"Investing has always been an enigma of sorts to most of us。 Throw financial jargon and numbers at a person and rest assured， he'd get scared。 But worry not， akin to The Psychology of Money， "The Joys of Compounding" is not another finance book filled with FOGs （Fact-deficient， obfuscating generalities）。 Instead， the book will make you appreciate investing more and more & see it in a different light as a field interconnected with oth "The best investment you can make is an investment in yourself。"Investing has always been an enigma of sorts to most of us。 Throw financial jargon and numbers at a person and rest assured， he'd get scared。 But worry not， akin to The Psychology of Money， "The Joys of Compounding" is not another finance book filled with FOGs （Fact-deficient， obfuscating generalities）。 Instead， the book will make you appreciate investing more and more & see it in a different light as a field interconnected with other fields such as human psychology， philosophy， social science & history。The author is Gautam Baid， CFA， who is Founder of Stellar Wealth Partners Private Limited， a SEBI-registered smallcase manager for investors in Indian stock market。 But more than a finance manager， I found him to be a philosopher cultivating and communicating his life learnings out of the field of value investing。While the book contains a lot of mental models and life learnings in the first half， the second half is more finance-esque & focuses on common stock investing， portfolio management， and decision-making。 If you follow Indian markets， then you are in for a treat as author covers his own investing journey highlighting his fair share of successes and failures。One of the biggest lessons I learned from the book related to improving my decision-making skill is to maintain a decision journal - a log that contains honest feedback on every single decision of yours and which will stop hindsight bias & can be your greatest teacher。 Another big lesson was about reading more about history and less about "forecasts。"The only complaint that I've from the book is that it'd have been shorter by reducing quoted content from other eminent personalities。 But aside from that fact， it's a nice concoction of finance with learnings pertaining to personal growth， & I'd highly recommend this book if you are looking to live rent-free for a few hours in the minds of finance legends such as Warren Buffett and Charlie Munger。 。。。more
Tim Zanghi
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Probably the most inspirational book on investing。 A very broad view of the major important factors to be a successful with personal experience sprinkled throughout。 Also provides a great number of books to read and quotations from famous investors。
Jitesh Kapadia
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It could have been much lesser pages。 The author tried too hard， but most ideas are taken from here and there。 If you are looking for original content， you will be disheartened。 Instead of the author's views and subject matter knowledge， too many quotes and examples of others are used。 It could have been much lesser pages。 The author tried too hard， but most ideas are taken from here and there。 If you are looking for original content， you will be disheartened。 Instead of the author's views and subject matter knowledge， too many quotes and examples of others are used。 。。。more
元伟 陈
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An extremely good collection of powerful concepts from various authors and straight to the point。 Also contains a list of suggested readings and authors。 Well worth my time reading this book。 Thanks Gautam Baid。
Arshad
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Compilation of so many ideas from different books and authors。 Full of quotes from Charlie Munger and Warren Buffet。
Aseem
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This book is must read for all investors who are about to start or recently started their journey。 The book is very well written and every page is filled with inspiring quotes and their explanation。 To check you can open any page and starts to read， your flow will starts from here。 This book explains the concept that to become a good investors first you have to be good person and vice versa。
Hareesh
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Brilliant。 To be read first and then re-read with a pencil to scribble in the margins。
Haseeb
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A treasure trove ！
Fotis Koutoulakis
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Definitely solid。I would give it a 4。5 stars。 I didn't like that it was presenting conflicting views in different chapters （for instance， in one chapter advocating in favour of buy & hold of index funds， and in another throwing shade on index funds in favour of active （value style） stock picking） because it didn't make it easy to synthesise a cohesive picture of the views of the author。The writing style was decent though， and I really enjoyed the inspirational vibes。 Definitely solid。I would give it a 4。5 stars。 I didn't like that it was presenting conflicting views in different chapters （for instance， in one chapter advocating in favour of buy & hold of index funds， and in another throwing shade on index funds in favour of active （value style） stock picking） because it didn't make it easy to synthesise a cohesive picture of the views of the author。The writing style was decent though， and I really enjoyed the inspirational vibes。 。。。more
Arne Magnus Lorentzen Ulland
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One of the best investment books I've read lately。 At the end from around page 300 to 350 it was a bit repetitive which is why it doesn't get a 5/5 but a solid book which I will re-read several times。 Highly recommend this book by Gautam Baid。 One of the best investment books I've read lately。 At the end from around page 300 to 350 it was a bit repetitive which is why it doesn't get a 5/5 but a solid book which I will re-read several times。 Highly recommend this book by Gautam Baid。 。。。more
Parameshwar
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This isn't just a book， it's a textbook for living a rich life （wealth， knowledge， humility， and happiness）。 I've highlighted and written in it as if it was a college textbook - I don't think I've done this since graduate school。。。This book popped out through an Amazon referral， the sample was captivating， while also being full of quotations by other people。 Yet， the curation of the quotations and the lessons that it reaffirmed were powerful enough to motivate me to become better。 This is a book This isn't just a book， it's a textbook for living a rich life （wealth， knowledge， humility， and happiness）。 I've highlighted and written in it as if it was a college textbook - I don't think I've done this since graduate school。。。This book popped out through an Amazon referral， the sample was captivating， while also being full of quotations by other people。 Yet， the curation of the quotations and the lessons that it reaffirmed were powerful enough to motivate me to become better。 This is a book about value investing but the point is not just to make more money。 It is to lead a richer， happier， healthier life that is aligned to your values。 It's a lifestyle， a way to own your pension， and ensure that you are healthy and happy to enjoy it。 A life that is aligned to your values， measured by your own inner scorecard rather than competing with others or for vanity。 A life of unbridled curiosity where you grow by asking questions。 You learn through research， testing， failing， and succeeding。 Learn， learn， learn。 Read more - be an avid student of history。 Draw parallels， as history rhymes。 People reacted to this pandemic similarly throughout centuries。 People react to financial crashes in the same way year after year， especially the investors who should be more resilient。 The book extols the virtue of equanimity， which I have also found can be cultivated through meditation， as long as you can reserve your willpower for key decisions。 Buy on the dip， but make sure you are never too long cash。 Target great industries and great companies。 The darling （and potentially the nemesis） will provided long term gains。 Refine your process over and over， don't take shortcuts to investing or foolishly do other people's investments。 You willingly learn if you put 8in the hard work， then you need to reflect on the outcome to close the loop。 You need to create your own checklist and only follow it。 Always follow it。 No exceptions。 Otherwise you won't be able to gain the feedback from your own process to better it。 It is always about the process， not the goal。 Process > Goal。 A lifestyle of value investing > money gained。Key tips:（1） Create your own checklist - for your stock picks and also for your behaviour （take away emotion）（2） Live life by your inner score card - investing is for you （learn from your own mistakes， that will create success）。 Also create an inner score card for your growth that will make you happy and healthy through the ups and downs。 （3） Distinguish Uncertainty and Risk - figure out what probabilities you can allocate to outcomes and define the Expected Value of a trade。 Keep learning more to refine the probabilities and the outcomes of each node in your decision tree。 。。。more
Morten Hovland
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Power of compoundingWealth creation- wealth destructionLifelong LearningInner scorecardHuman fallaciesBiasPower of passionEarning powerIntrinsic valueLong term value investing
Aditya
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Tough 4。5。 easily one of the top ten books I've ever read。 Tough 4。5。 easily one of the top ten books I've ever read。 。。。more
Aanal Shah
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To be frank， I feel boring for first 50-60 pages， but then I realized that why people loved this book。I enjoy every page of after that， yes there are some information which is very technical for non-commerce student， but author tried their best to everyone can understand easily。
Skyler Delaurier
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One of the best value investing books I've read to date。 Gautam Baid does an excellent job of explaining the lifestyle and mindset that has helped him， and plenty of other successful value investors achieve greatness。 One of the best value investing books I've read to date。 Gautam Baid does an excellent job of explaining the lifestyle and mindset that has helped him， and plenty of other successful value investors achieve greatness。 。。。more
Vibhor Jain
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A good collection of thoughts and framework from other popular investors along with Baid's own。The book is a bit length， could've been edited better and the flow of ideas/thoughts could've been more organized。 That doesn't take away the effort put in by the author to compile this work and the information shared。 A good collection of thoughts and framework from other popular investors along with Baid's own。The book is a bit length， could've been edited better and the flow of ideas/thoughts could've been more organized。 That doesn't take away the effort put in by the author to compile this work and the information shared。 。。。more
Kartik
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This review has been hidden because it contains spoilers。 To view it， click here。 Good
Karthikeyan Somasundaram
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Great book。 Took sometime to understand and requires deep reading。
Brad Bevers
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I have grown to really enjoy investment books， and this is a good reminder of why。 The author spends the first four chapters talking about how the real value in compounding comes from reading in addition to financial compounding。 Great principles put forward here in an easy to read style。 The author quotes hundreds of other books and authors， and these are some of the best parts。 Because he pulls so much from others， it does feel like there is little unique to this work。 But， overall， its excell I have grown to really enjoy investment books， and this is a good reminder of why。 The author spends the first four chapters talking about how the real value in compounding comes from reading in addition to financial compounding。 Great principles put forward here in an easy to read style。 The author quotes hundreds of other books and authors， and these are some of the best parts。 Because he pulls so much from others， it does feel like there is little unique to this work。 But， overall， its excellent。 Great addition to your investing library。 。。。more
Bipin Ramachandran
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This book belongs to the category which I'd call a 'Superbook'！ It is full of essence from many other great books， articles that you end up with distilled ideas of many others。 If you rather be thorough， you'll also get a great list to read。 Even though the main focus of the book is about investing， it touches many more aspects of life like health and peace of mind。 This book belongs to the category which I'd call a 'Superbook'！ It is full of essence from many other great books， articles that you end up with distilled ideas of many others。 If you rather be thorough， you'll also get a great list to read。 Even though the main focus of the book is about investing， it touches many more aspects of life like health and peace of mind。 。。。more
Rui Soares
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A bible， allows you to open your mind to personal and financial development
Pawan
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FanrasticAn incredible read！ Contains timeless wisdom about markets， business and life。 Would recommend highly to anyone on the path of self improvement。
Nishant Jain
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One of the best investment book I have read。 So much wisdom packed into one book。 Read it and re-read it。
Sabari Nath
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Great book！ These are must for every one in their 20’s。 Personal finance ， investment and attitude towards it is a very neglected topic of curriculums。 The book feels a bit preachy but I guess that’s what you would need sometimes。 Great work by the author。 I have been following him on twitter these days and I definitely understand why he is seriously rated。
Santhosh Iyer N
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Fantastic book， a book that give you a lot of information and learning。 Enjoyed reading。
Alejandro Hardziej
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