The Joys of Compounding by Gautam Baid

Module Units

1. Introduction
2. Investment In Yourself
3. Become A Learning Machine
4. Obtain Worldly Wisdom
5. Harnessing The Power Of Passion
6. The Importance Of Choosing The Right Role Models
7. Humility Is The Gateway To Attaining Wisdom
8. The Virtues Of Philanthropy And Good Karma
9. Simplicity Is The Ultimate Sophistication
10. Achieving Financial Independence
11. Living Life According To The Inner Scorecard
12. Delayed Gratification
13. Building Earning Power
14. Investing Between The Lines
15. Decision-Making
16. Checklist For The Standard Causes Of Human Misjudgment
17. Journaling
18. Power Of Incentives
19. Avoid Physics Envy
20. Intelligent Investing
21. The Three Most Important Words In Investing
22. Investing Is All About Capital Cycle
23. Analyzing Special Situations
24. The Holy Grail Of Long-Term Investing
25. Connecting The Dots
26. Market Is Not Efficient All Time
27. The Dynamic Art Of Portfolio Management
28. To Finish First, You Must First Finish
29. Read More History And Fewer Forecasts
30. Updating Your Beliefs In Light of New Evidence
31. Opportunity Costs
32. Pattern Recognition
33. Role of Luck, Chance, Serendipity, And Randomness
34. Value Investor
35. Conclusion

Building Earning Power

The author tells when an investor buys a stock; they should approach it as if they are running the business. Purchasing listed stocks has several advantages such as, investors have the freedom to buy and sell stocks whenever they want. It only takes a small amount of money to invest in stocks and become a business owner.

As an investor, your money works for you 24 hours a day, seven days a week. Moreover, you’re getting richer by the second, thanks to the increasing intrinsic value of your businesses. As businesses expand and become more profitable, stockholders benefit from increased profits and dividends.
Therefore, Invest for the long term.

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Units 13/35

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