We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s episode, Clay continues his review of Gautam Baid’s book, The Joys of Compounding. Today’s episode is part 3 of our review of this incredible book.
Gautam Baid is the Managing Partner and Fund Manager of Stellar Wealth Partners India Fund, a Delaware-based investment partnership which is available to accredited investors in the US. The fund is modeled after the Buffett Partnership fee structure and invests in listed Indian equities with a long-term, fundamental, and value-oriented approach.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:15 - How journaling can make us better investors.
07:00 - Why incentives are at the root of all human behavior.
09:22 - How management incentives impact our long-term returns as investors in businesses.
18:15 - Why being directionally right is more important than being precise in assessing the intrinsic value of a business.
25:37 - How maintenance capex impacts the value of a business.
32:14 - Ways in which value investors fall for value traps.
32:45 - Why we as investors should respect the market’s wisdom for pricing stocks.
35:09 - The three most important words of investing.
41:25 - How high-quality businesses enhance our margin of safety.
47:55 - How one commodity investment catapulted Gautam to nearly achieving financial independence.
53:36 - Why Seth Klarman, Peter Lynch, and Joel Greenblatt consider spinoffs to be ripe hunting grounds for investors.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
Disclosure: The Investor’s Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
TIP549: 2 High-Quality Compounders
BTC128: Evolving w/ the Technium w/ Kevin Kelly (Bitcoin Fundamentals)
TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran
TIP547: The Truth About Stock Market Forecasts
BTC127: Long-Term Holders Driving the Bitcoin Market w/ Dylan LeClair (Bitcoin Podcast)
RWH026: Wealth & Health w/ Jason Karp
TIP546: The Holy Grail of Long-Term Value Investing
BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)
RWH025: Patient Capital W/ Samantha McLemore
TIP545: The Third Sea Change Has Begun w/ Howard Marks
BTC125: James Lavish On Why Bitcoin Performs From Here (Bitcoin Podcast)
TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham
BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)
TIP541: How Equity Crowdfunding is Changing the Game w/ Daniel Gallancy
RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner
TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor