The Joys Of Compounding Book Review; Lifelong Learning

Book- The Joys of Compounding

Author- Gautam Baid

Translation- Akhilesh Awasthi

Publisher- Manjul Prakashan

price- 799 rupees

Often people are not able to maintain a balance in life between work and money. To solve this dilemma, famous author Gautam Baid has written a book titled ‘The Joys of Compounding: A lifelong passion for learning’. This is an international bestseller book. This book combines the power of value investing and continuous learning in life.

This book does not just explain the principles of investing. It shows how small efforts and the right habits can compound to produce amazing results in the long run. Compounding in investment means getting interest on the principal amount along with interest. Similarly, small efforts in life, when repeated continuously, have a multiplier effect over time.

Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India, India’s top equity investment firm. In the book, he has included the ideas of veteran investors like Warren Buffett, Charlie Munger and Benjamin Graham.

purpose of the book

The main objective of ‘The Joys of Compounding’ is to make the readers understand that the principle of compounding is not limited to financial investments only. It also applies to various aspects of life such as knowledge, health, habits and social relationships.

Gautam Baid blends investing and life lessons together. He explains how small steps (like reading daily, adopting good habits, and spending time with the right people) can change lives through compounding.

The book inspires the readers to keep learning and improving themselves continuously in their life.

Important lessons from the book

The book is based on the principles of investing legends like Warren Buffett, Charlie Munger and Benjamin Graham. Gautam Baid has described these principles as an easy and practical way to apply them in every aspect of life including investing.

The book teaches us how small steps (like reading 25 pages a day, which can equate to 9,000 pages in a year) can change lives.

Along with investing, this book also focuses on personal growth, right ways of thinking and moral values. It teaches us that humility, altruism and long-term thinking lead to real success in both life and investing.

5 main parts of the book

This book is divided into five parts, which help in taking better decisions related to life and money.

The first part is ‘acquiring worldly knowledge’. This part tells us why it is important to always keep learning something new and adopt the right way of thinking.

The second part is on ‘building strong character’. It talks about adopting good qualities like humility, morality and helping others.

The third part of the book is ‘General Investing in Shares’. It explains how to invest wisely in the stock market and get good returns.

The fourth part is ‘Portfolio Management’. It explains how to maintain your investments for the long term and manage risk.

The last part ‘Decision Making’ teaches us how important it is to make a checklist, think in writing and think positive to take the right decisions.

genre of book

The writing style of the book is quite inspiring. Gautam Baid has explained complex investment principles in simple language. The book contains quotes and real life examples, which make it attractive. The author’s clear and logical writing style inspires readers to think deeply. However, the book relies heavily on quotes from Warren Buffett and Munger. But it’s a great book nonetheless.

Who should read this book?

This book is for those who want to step into the world of investing. Also those who want to improve their personal and financial life. If you like books on self-improvement, value investing and long term thinking, then you must read this book.

This book is useful for anyone who wants to understand and apply the magic of compounding in their lives. Understand this from the graphic given below-

My opinion about the book

‘The Joys of Compounding’ is a book that not only teaches about investing but also gives a roadmap to make life better. Gautam Baid has presented a unique approach by combining investing and personal growth.

This book is good for those who want to expand their thinking. The greatest quality of the book is that it presents complex ideas in a simple and inspiring way.

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