The Joys of Compounding: The Passionate Pursuit of Lifelong Learning

This is a remarkable summation of investing wisdom revealed by the best (and wealthiest) minds of our time. While investing writing and theories are sometimes complex, the writing of this book is neither ponderous, boring nor only accessible by professionals. Gautam Baid condenses the worldly wisdom of Buffett, Munger, Graham and many other leading investors into an easily readable and informative collection of essential concepts investors need to understand if they are to survive and thrive while putting their money to work to improve their futures. The Joys of Compounding is a book for the rest of us, (although I suspect it will be a very valuable read for professionals as well). It is a rich and understandable explanation of the tools necessary to develop the discipline, flexibility and patience necessary to make the most of whatever store of wealth each of us has. This book is well worth reading. In fact, if you read only one book about investing in your lifetime, this is the book you should read -- over and over.

Right up front, I've never personally written a review for a book, even though I have read many 100's of "suggested" books that will be recommended to you by Amazon from this purchase, including Charlies Almanack, anything and everything Warren Buffett, Bogle, Investing, Peter Lynch. You name it, I read it. However, for me, what this book and Mr Baid's effort for me is precisely what he set out to communicate, that life is very much amount Compounding and off of this book I've sourced many other books that have aided me in my personal efforts. Not only is this written with a 'giving' spirit' but Mr Baid provides actionable advice, philosophical, practical, and conceptual tools. The book exceeded expectations and was thick, like a Tome! I'm more than half-way through, underlining as much as I can and then transferring specific passages to my own diary/notebook. I truly love this book not just because it (and Mr Baid) deliver as promised, but because it has mentally 'unstuck' me as to how life truly works. Thank you for writing this book, Mr Baid!

I read one chapter every few days and go back. Makes it more interestin

This book is an excellent starting point for anyone looking to get a well rounded understanding on the concept of compounding as it relates to life and wealth. The book goes into amazing detail about the mental models that have propelled folks like Munger, Buffett, Pabrai, and other "Value" oriented investors towards phenomenal success. More importantly, the author is not trying to sell you on anything. There is no "special link" or special website to visit, or anything that seems like a gimmick. The Joys of Compounding is simply the authors attempt to deliver a fantastic compilation of resources and models, with the sole goal of adding value to humanity. In a world saturated with "hidden motives", "bait and switches", and the commercialization of knowledge; we need more books like this. Definitely one of my top go to books for 2019 and for many years to come!

I purchased this book in part because Guy Spier wrote the foreword, and he's one of my favorite author/investors. I loved The Education of a Value Investor. I'm not finished with The Joys of Compounding yet, but I can tell you that it is interesting and motivating. So far, it's light on technical investing methodologies, and that's fine with me. At this point in my investing education, that's not what I'm looking for. If you'd like to read about how some of the best investors think about investing and about life, I think this will be a worthwhile purchase.

I often try to explain to individuals that Value Investing is not simply an investing style but rather a comprehensive approach to life. This book is a gem in bringing together all the relevant threads of value investing but more than that it is a wonderful explanation to those who are not investing professionals to the way a value investor approaches life. i highly recommend buying this book and keeping it by your night stand..it is a wonderful collection of all the best thoughts and beliefs on value investing. you will not only learn to compound monetary wealth more effectively but you will more importantly learn how to compound happiness which is far more valuable.

If the 8th Wonder of the World is compound interest (Einstein), and the 9th Wonder of the World is compound interest tax-free (McMillen), then the 10th Wonder of the World is the Joys of Compounding and the Pursuit of Lifelong Learning (Baid). This book is gospel for the Value Investors’ cannon of mental motels. In the words of C.S. Lewis: “...good and evil both increase at compound interest. That is why the little decisions you and I make every day are of such infinite importance. The smallest good act today is the capture of a strategic point from which, a few months later, you may be able to go on to victories you never dreamed of.”

Great book. Need anaudio.

This book contains everything, from the most important quotes to the checklist before making an investment. Gautam writes that the best book is the one which talks to u. I have read this book almost 3 times and each time i get something new and very valuable from it.

A fantastic read which distils so much wisdom from the investment classics into a single book. Gautam reminds us that the value of compounding is much more than purely financial. Buy the book (and a new highlighter pen as you will need it!)

A great compendium of ideas from the best investors. Mr. Baid shows passion for learning and for the investment profession. You will find all the important quotes from the greatest of all time and many phrases from Mr. Baid himself that will undoubtedly become part of that “quote library”. Very enjoyable, for beginners and professionals alike.

Highly recommended - just buy it and read it. No more to say!

The joys of compounding is an outstanding book that I am already reading for the third time. Gautam Baid has put in words what would have taken me many years to figure out on my own. The author managed to use the teachings of Buffett, Munger, Klarman, etc. to create a consistent philosophy of investing and of life in general. I cannot recommend it enough!