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02.0015 The Joys of Compounding
The Joys of Compounding – The Passionate Pursuit of Lifelong Learning
2020 Gautam Baid
Columbia Business School
| Chapter | Notes |
|---|---|
| 1. Introduction: | The Best Investment You Can Make Is an Investment in Yourself |
| SECTION 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 |
| SECTION 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 Virtue of Philanthropy and Good Karma |
| 8. | Simplicity Is the Ultimate Sophistication |
| 9. | Achieving Financing Independence |
| 10. | Living Life According to the Inner Scorecard |
| 11. | The Key to Success in Life Is Delayed Gratification |
| SECTION 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 Circle |
| 21. | Within Special Situations, Carefully Study Spinoffs |
| SECTION 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 |
| SECTION 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 |
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