Joys Of Compounding: The Passionate Pursuit of Lifelong Learning

by Gautam Baid

Reading keeps our mind alive and growing. That’s why we should inculcate a healthy reading habit. Reading is also meditative and calming.

The way to achieve success in life is to learn constantly. And the best way to learn is to read, and to do so effectively.

Knowledge comes from experience, but it doesn’t have to be your experience.

The true scarce commodity of the near future will be human attention. —Satya Nadella

“Nothing so much assists learning as writing down what we wish to remember.”

syntopical reading, allows you to synthesize knowledge from a comparative reading of several books about the same subject.

First Principles Thinking

The absence of evidence doesn’t qualify as the evidence of absence.

The Feynman Technique

When you must use simple language that a child can understand, you force yourself to understand the concept at a deeper level and to simplify relationships and connections among ideas.

When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions).

Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate.

Being more frequently right than others is overrated. Being less wrong than others is underrated.

Having a high income level is overrated. Inculcating a disciplined saving habit is underrated.

Charlie Munger: The Complete Investor, Tren Griffin lays out Munger’s path to worldly wisdom:

Branching out into other disciplines outside one’s core is not what generally is taught in academia. It is a project we have to undertake ourselves, by reading a wide range of books, experimenting with different subject areas, and drawing ideas from them. A true education should cultivate, above all, a sense of enjoyment about the process of thinking things through.

invention is 1 percent inspiration and 99 percent perspiration, the perspiration was the process of incrementally making mistakes and learning from them to make the next attempts apt to be closer to right.

The Internet is the best school ever created. The best peers are on the Internet. The best books are on the Internet. The best teachers are on the Internet. The tools for learning are abundant. It’s the desire to learn that’s scarce. —Naval Ravikant

Your goal in life is to find out the people who need you the most, to find out the business that needs you the most, to find the project and the art that needs you the most. There is something out there just for you. —Naval Ravikant

“self-actualization involves the pursuit of excellence and enjoyment; whichever people choose to desire and emphasize.”

Fifty years ago, the best investors were the ones with an informational edge. Today, the best investors are the ones with a behavioral edge.

Learning and thinking determine our decisions, and those decisions, in turn, determine our results.

Investing is a field in which success can flow from passively observing the world, reading, thinking, and doing nothing more than making an occasional telephone call. Most investors would perform better if they thought more and did less.

“Choose a job you love, and you will never have to work a day in your life.” You know that you are doing things right in your life when you go to bed at night and cannot wait to wake up and live the next day.

We have two lives, and the second begins when we realize we have only one. —Confucius

Most of us miss out on life’s big prizes. The Pulitzer. The Nobel. Oscars. Tonys. Emmys. But we’re all eligible for life’s small pleasures. A pat on the back. A kiss behind the ear. A four-pound bass. A full moon. An empty parking space. A cracking fire. A great meal. A glorious sunset. Hot soup. Cold beer.

The best things in life are not things. They are experiences.