Thomas Chua, founder of Steady Compounding, shares his inspiring journey from poverty to financial independence through steady investing. He emphasizes the value of long-term strategies over get-rich-quick schemes, discussing how influential books shaped his investment philosophy. Thomas highlights the importance of focusing on business fundamentals, understanding economic moats, and avoiding common pitfalls new investors face, like obsessively checking stock prices. His insights on resilient businesses and cultivating a long-term mindset are invaluable for sustainable wealth creation.

Thomas Chua, founder of SteadyCompounding.com, invested in a company with a gaming and e-commerce business. Unfortunately, the gaming business started faltering and he held on too long. Lesson learned: have a proper sell thesis when investing in smaller companies and ensure diversification.