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

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

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About the Book

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, the 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.

Table of Contents:
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


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Product Details
  • ISBN-13: 9780231197328
  • Publisher: Columbia University Press
  • Publisher Imprint: Columbia University Press
  • Height: 235 mm
  • No of Pages: 456
  • Returnable: Y
  • Series Title: Heilbrunn Center for Graham & Dodd Investing Series
  • Sub Title: The Passionate Pursuit of Lifelong Learning, Revised and Updated
  • Width: 156 mm
  • ISBN-10: 0231197322
  • Publisher Date: 02 Jun 2020
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Returnable: Y
  • Spine Width: 36 mm
  • Weight: 820 gr


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