Read The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series) By Gautam Baid

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The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)-Gautam Baid

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Ebook About
Value investing is not just a system for success in the market. It is also an intellectual toolkit for achieving a deeper understanding of the world. In The Joys of Compounding, value investor Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom.Distilling investment and life lessons into a comprehensive guide, Baid integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time. Drawing on the work of investing greats like Warren Buffett, Charlie Munger, and Ben Graham, as well as philosophers and scholars, he artfully interweaves the lessons learned from his many teachers. Baid demonstrates their practical applications in the areas of business, investing, and decision making, and also shows that these ideas can be applied to one’s own life with just as much reward.A celebration of the value investing discipline, this book also recounts Baid’s personal experiences, testifying to his belief that the best investment you can make is an investment in yourself. The Joys of Compounding offers curated reflections on life and learning for all investors, investment enthusiasts, and readers seeking a dose of practical wisdom.This revised and updated edition highlights Baid’s distinctive voice.

Book The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series) Review :



I'm frequently asked for book recommendations, probably more frequently on learning than on investing. This book is a masterpiece of both. I absolutely love the way it is structured. First, Baid builds the method for compounding knowledge, which is not only a prerequisite to be a great investor, but also a prerequisite for a great life. The quotations, book citations, and brilliant one-liners left me with a book that had highlights, underlines, and bookmarks all over it. Furthermore, after finishing the book a few weeks ago, I've already pulled it off the shelf to look up certain sections about three times. To me, this is the sign of a truly great book. On the investing side, the examples are fresh and poignant for today, which is sometimes hard to find in good books on investing. When I am asked by young investors, what book they should start with, I will now be suggesting The Joys of Compounding. Absolutely incredible.
I love reading investment books, but rarely write book reviews. I decided to write one for this book as I have never heard Gautam Baid's name before, and absolutely loved his book soon after I started reading a few chapters. I wish I could have read his first edition book earlier, and do not want others to miss this revised edition.Investing is simple, but not easy. All important investment rules have been outlined at the end of Chapter 2 in this book. How well you apply those rules to your daily investment practice separates great, just so-so, and poor investors. To be a truly great investor, you need to have the right temperament, know how to collect information and data that really matters, process them properly, and make rational decisions. The book covers those topics in details with plain language and many excellent quotes of great investors and wise thinkers.I have made highlights all over this book, including the Acknowledgments section at the end, where Gautam has a long list of people from whom he has learned investing, skill development, positive habit formation, competitive strategy, risk management, and many other subjects mattering to become good investors. So even the Acknowledgements section of this book can be an excellent reference if you are interested in any of those subjects.While I read the book, I often got a feeling that reminded me of my school days when an all-A student had generously showed me his study notes. Please make sure you take advantage of the offer!

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