The Joys of Compounding

This book forces readers to think about compounding in terms of human traits such as positive thoughts, good health, good habits, wealth, knowledge, and goodwill.

Auteur

Gautam Baid

Texte du rabat

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. He integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time.

Résumé
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. He integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time.

Contenu

Foreword

1. Introduction: The Best Investment You Can Make Is an Investment in Yourself
   Part I: Achieving Worldly Wisdom
2. Becoming a Learning Machine
3. Obtaining Worldly Wisdom Through a Latticework of Mental Models
4. Harnessing the Power of Passion and Focus Through Deliberate Practice
   Part II: Building Strong Character
5. The Importance of Choosing the Right Role Models, Teachers, and Associates in Life
6. Humility Is the Gateway to Attaining Wisdom
7. The Virtues of Philanthropy and Good Karma
8. Simplicity Is the Ultimate Sophistication
9. Achieving Financial Independence
10. Living Life According to the Inner Scorecard
11. The Key to Success in Life Is Delayed Gratification
    Part III: Common Stock Investing
12. Building Earning Power Through a Business Ownership Mind-Set
13. Investing Between the Lines
14. The Significant Role of Checklists in Decision-Making
15. Journaling Is a Powerful Tool for Self-Reflection
16. Never Underestimate the Power of Incentives
17. Always Think About the Math, but Avoid Physics Envy
18. Intelligent Investing Is All About Understanding Intrinsic Value
19. The Three Most Important Words in Investing
20. Investing in Commodity and Cyclical Stocks Is All About the Capital Cycle
21. Within Special Situations, Carefully Study Spinoffs
    Part IV: Portfolio Management
22. The Holy Grail of Long-Term Value Investing
23. The Market Is Efficient Most, but Not All, of the Time
24. The Dynamic Art of Portfolio Management and Individual Position Sizing
25. To Finish First, You Must First Finish
    Part V: Decision-Making
26. Read More History and Fewer Forecasts
27. Updating Our Beliefs in Light of New Evidence
28. Life Is a Series of Opportunity Costs
29. Pattern Recognition
30. Acknowledging the Role of Luck, Chance, Serendipity, and Randomness
31. The Education of a Value Investor
    Conclusion: Understanding the True Essence of Compounding
    Appendix A
    Appendix B
    Acknowledgments
    Notes
    Bibliography
    Index