15 Key lessons from "The Joys of Compounding" by @Gautam__Baid:
1/
"All successful investors have a common habit. They just love to read all the time."
"All successful investors have a common habit. They just love to read all the time."
2/
"Good books are the most undervalued asset class: the right ideas can be worth millions, if not billions, of dollars, over time."
"Good books are the most undervalued asset class: the right ideas can be worth millions, if not billions, of dollars, over time."
3/
"Reading is linked with higher emotional intelligence, reduced stress, a wider vocabulary, and improved comprehension."
"Reading is linked with higher emotional intelligence, reduced stress, a wider vocabulary, and improved comprehension."
4/
"Warren Buffett and Charlie Munger estimate that they spend 80% of their day reading or thinking about what they have read. Therein lies the secret to becoming smarter."
"Warren Buffett and Charlie Munger estimate that they spend 80% of their day reading or thinking about what they have read. Therein lies the secret to becoming smarter."
5/
"Self-improvement is the best way to spend some of your time every day...carve out an hour of each day just for yourself."
"Self-improvement is the best way to spend some of your time every day...carve out an hour of each day just for yourself."
6/
"As you read more books, your pile of unread books will get larger, not smaller. That's because your curiosity will grow with every great read."
"As you read more books, your pile of unread books will get larger, not smaller. That's because your curiosity will grow with every great read."
7/
Understand and practice the following if you want to become a good investor:
Understand and practice the following if you want to become a good investor:
8/
"The best ideas come to you in solitude."
"The best ideas come to you in solitude."
9/
"Never measure life by your possession...Love people and use things, because the opposite never works."
"Never measure life by your possession...Love people and use things, because the opposite never works."
10/
"Spend on yourself only what is left after you have made an investment."
"Spend on yourself only what is left after you have made an investment."
11/
"One of the hardest things to do in life is to avoid good opportunities so that you have time to devote to great opportunities."
"One of the hardest things to do in life is to avoid good opportunities so that you have time to devote to great opportunities."
12/
"When the smartest minds generously share the secrets of their success with us, we ignore them, because they sound too basic and simple for us to appreciate."
"When the smartest minds generously share the secrets of their success with us, we ignore them, because they sound too basic and simple for us to appreciate."
13/
"Be happy when other people are doing well and encourage their success."
"Be happy when other people are doing well and encourage their success."
14/
"In a knowledge economy, learning and thinking are the best long-term investments you can make in your career."
"In a knowledge economy, learning and thinking are the best long-term investments you can make in your career."
15/
"Pursue your passion. You won't get this time back ever again."
"Pursue your passion. You won't get this time back ever again."
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