Naval Ravikant shares the same love that Warren Buffett has for the effects of compounding. In today’s episode, I’ll take you through a brief look at the wonderful magic of compounding, how it applies not only in regard to wealth but also to how one of the richest men alive would be virtually unknown had it not been for compounding. I mention teachings from The Psychology of Money by Morgan Housel and apply those not only to business and finance but to happiness, well-being, relationships, and life. If you're trying to learn what compounding is, how to compound your money, how Warren Buffett got rich, or how Naval Ravikant talks about the compounding effect, you won't want to miss this episode.  Free Weekly Newsletter (Click Me) The Book Basement Bulletin is a free weekly newsletter in which every Monday, readers receive book recommendations as well as three weekly useful tools or pieces of media that I have found throughout the week. Instagram (Daily Book Content and Reviews): Click Here (some of these links may be affiliate links) The Book Basement is a five times weekly podcast that discusses and breaks down everything related to books. Whether you’re looking for book summaries, book recommendations, book reviews, author interviews, and book quotes then this is your podcast! I cover a wide variety of books, both fiction and nonfiction and I compress some of their quotes and teachings into short, digestible episodes that you can listen to as a part of your daily morning routine. I have talked about books such as Atomic Habits by James Clear, The Psychology of Money, by Morgan Housel,  Man’s Search for Meaning by Viktor E. Frankl, The Power of Habit by Charles Duhigg, Steal like an Artist by Austin Kleon as well as other, fiction books such as A Good Girls Guide to Murder by Holly Jackson, Verity by Colleen Hoover and It Ends With Us by the same author. If you’re looking to reach your reading goals and learn more about the genre of self-help, philosophy, psychology, and fiction books of the sort, then check out some of our other episodes!