Joys Of Compounding: The Passionate Pursuit of Lifelong Learning

by Gautam Baid

Some evidence points to look for: excessive valuations, corporate governance concerns, a sharp slowdown in growth rates, loss of competitiveness as reflected in declining market share and falling margins, and loss of bargaining power with customers or suppliers as reflected in deterioration of the working capital situation. It is perfectly okay to be wrong, but it is not okay to remain wrong. One of the great lessons I have learned over the course of my life and investing career is this: if you want to win better than the rest, you must learn how to lose better than the rest. I am happy to have learned Confucius’s teaching well: “A man who has committed a mistake and doesn’t correct it is committing another mistake.”