I read "Accounting for Growth" by Terry Smith and came away impressed by his clarity on accounting issues. Even though this book was written 30 years ago, the contents are still relevant today.
Here are my notes from the book so you can decide whether it is for you.
@ReustleMatt@colossusmag The podcast wun feel the same without you.
All the best for your next venture, Matt. Looking forward to seeing what comes next.
Have followed and learnt much from @SteadyCompound over the years. Now that he distilled all this into his book, it is an opportunity for all to learn the right way to invest.
Here is the link for pre order for those in sg. https://t.co/hCj0dhDrf8
@SteadyCompound What a great analysis. I have also started accumulating on my end. If you cant handle a good stock at its worst, you don't deserve it at its best.
26 Tiny Lessons from my conversation with @morganhousel
1. “Wealth is what you have minus what you want.”
2. "Money buys fewer bad days, not more great days."
3. “It's really good to have people in your life who you don't want to disappoint."
4. Luxury quickly becomes a necessity.
5. Saving money is buying freedom.
6. Excellence is the capacity to take pain.
7. Optimize for sleeping at night, not maximising a spreadsheet.
8. Contrast drives happiness, not absolute levels.
9. Nobody is paying attention to you. Stop trying to impress strangers.
10. “If I can be average for 50 years, I’ll end up in the top 3% of investors.”
11. “99% of Warren Buffett’s net worth was accumulated after his 65th birthday. That’s just how compounding works.”
12. “Every dollar you save is a step toward that independence.”
13. Remember there was a time when you wanted what you have now.
14. “Nothing is more damaging to your investing psychology than getting rich quick when you're young.”
15. Passive income is largely an illusion.
16. Your social network sets your expectations.
17. All the time you spend thinking about things you don’t control comes at the expense of things you do control.
18. Give your kids money when they need it—in their 30s—not when they're 75 after you die.
19. “Loyalty to people who deserve it is one of the most rewarding things in life."
20. “Independence is a spectrum. Even $100 in the bank beats zero.”
21. “Rich-people food looks better than it tastes. Poor-people food tastes better than it looks.”
22. “No generation handles their 20s with grace. That's why every older generation criticizes the young.”
23. Simple scales, fancy fails: “The simpler my finances, the higher the odds I can leave them alone for 50 years.”
24. “We underestimate the odds of bad things happening. If we didn't, we couldn't get out of bed.”
25. Very few people can beat the market.
26. The biggest financial mistake you'll make has nothing to do with money.
Listen and Learn!
"It'll come back to break even."
The most expensive words in investing.
The market doesn't care what you paid. The only question that matters:
Is this the best use of my capital today?
The upcoming bootcamp covers exactly this:
https://t.co/mxrygPVbEG
The Steady Compounding Investing Bootcamp is now open.
6 live sessions. January 2026. Learn to analyze any company and invest with conviction that's truly yours.
Black Friday pricing until Dec 1.
https://t.co/mxrygPVbEG
@SteadyCompound Here are my recommendations but I'm not buying till I clear my backlog
1) What You Do Is Who You Are: How Top Leaders Create a Winning Culture by Ben Horowitz
2) Who Knew by Barry Diller (a memoir) - he went on a few podcasts and his story is fascinating.
Benedict Evans' new presentation just dropped: "AI eats the world"
90 slides on macro and strategic trends in tech.
His biannual overview is always worth the time:
https://t.co/GV4ga5Wo1S